Seattle Office Building For
12535-12537 15th Ave NE Seattle, WA 98125
12535-12537 15th Ave NE, Seattle, WA, 98125
$6,625,000
For Sale
$6,625,000
Seattle office building with 34,354 square feet available for sale.
Property Size34,354 SF
Price / SF$192.85
Days on Market136
Property Features for 12535-12537 15th Ave NE
General Information
- Standard status
- Active
- Size
- 34,354 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agency
Kidder Mathews - Seattle
(206) 296-9621
Listed by
Todd Battison · License #44998
(206) 296-9621
Source
Kidder
Added: Mar 8 Updated: Jul 10 at 1:14PM Checked: Mar 26 at 9:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews - Seattle
Investment Insights
Based on property information with market context.
This commercial property in Seattle, Washington, is an office building offering 34,354 square feet of space. The property is intended for use as an office building.
Key Highlights
- Seattle office building for sale
- 34,354 square feet available, inform your clients about the ample space.
- Year Built: 1985
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.03M | $30.00 |
| − Vacancy | −$242.2k | −$7.05 |
| EGI | $788.4k | $22.95 |
| − OpEx | −$197.1k | −$5.74 |
| NOI | $591.3k | $17.21 |
34,354 SF · lease $30.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.45M
$7.39M – $9.86M
NOI $591,318 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.08M
$9.70M – $12.93M
NOI $775,748 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Seattle office building with 34,354 square feet available for sale.
Where is this office building located?
The property is located at 12535-12537 15th Ave NE Seattle, WA.
What is the asking price?
The asking price for this property is $6,625,000.
What are key features of this property?
This property features: Seattle office building for sale; 34,354 square feet available, inform your clients about the ample space.; Year Built: 1985
