Seattle Office Building For
12535-12537 15th Ave NE, Seattle, WA 98125
For Sale
$6,625,000
Seattle office building with 34,354 square feet available for sale.
Property Size8,420 SF
Price / SF$192.85
Days on Market252
Property Features for 12535-12537 15th Ave NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Kidder Mathews - Seattle
Listed By:
Todd Battison · License WA #44998
(206) 296-9621
Source:
Kidder
Added: Mar 8
Changed: Oct 25
Last 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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$591,318
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,826,360
$11.8M
Cap Rate 7%
$8,447,400
$8.4M
Cap Rate 9%
$6,570,200
$6.6M
Market Conditions
NOI Build-Up for 34,354 SF
Gross rent
$1.03M $30.00/SF
− Vacancy
−$242.2K −$7.05/SF
EGI
$788.4K $22.95/SF
− OpEx
−$197.1K −$5.74/SF
NOI
$591.3K $17.21/SF
Area
ZIP 98125
Vacancy
23.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,826,360
Cap Rate 7%
$8,447,400
Cap Rate 9%
$6,570,200
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 98125, WA
42,965
Population
21,493
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
7,956
Density / Sq Mi
$96,725
Median Household Income
$61,552
Median Earnings
$1,856
Median Rent
$844,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Seattle, WA
Properties on Market for Office buildings in Seattle
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
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
