Street-Front Live-Work
For Sale
$319,950
12536 15th Ave Ne Unit C1, Seattle, WA 98125
Flexible professional space with a private bedroom, full bath, kitchen, loft, and tandem parking.
Property Size877 SF
Price / SF$364.82
Days on Market70
Property Features for 12536 15th Ave Ne Unit C1
General Information
Standard status
Active
Size
877 SF
Total Parking Spaces
2
Property subtype
Commercial
Site & Location
Neighborhood
Olympic Hills
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
2002
Listing Agency:
RE/MAX Northwest
Listed By:
Mike E. Peters
(206) 856-5500
Source:
Viewhomesinpugetsound
Added: Aug 20
Changed: Oct 25
Last Checked: Oct 26 at 4:41PM
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 RE/MAX Northwest
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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 live-work condominium at 12536 15th Ave NE, Unit C1, combines professional and residential features within a flexible two-level layout. The main floor contains 692 square feet, while an additional 185-square-foot loft expands the usable area. A reception-style entry, double-height living room, kitchen, private bedroom, full bath, and rear hallway storage provide a practical mix of work and living spaces. The unit was built in 2002 and includes two tandem parking spots.
Located on 15th Avenue NE in North Seattle, the property is minutes from I-5, Northgate Station, and the NE 130th Street Light Rail Station. Restaurants, shopping, parks, transit, and light rail are all within approximately one mile. The existing configuration has supported professional uses including financial planning, insurance, legal, consulting, therapy, naturopathy, acupuncture, design, and other small-business operations.
Located on 15th Avenue NE in North Seattle, the property is minutes from I-5, Northgate Station, and the NE 130th Street Light Rail Station. Restaurants, shopping, parks, transit, and light rail are all within approximately one mile. The existing configuration has supported professional uses including financial planning, insurance, legal, consulting, therapy, naturopathy, acupuncture, design, and other small-business operations.
Key Highlights
- 692‑square‑foot main level plus 185‑square‑foot loft
- Street‑front position on 15th Avenue NE
- Private bedroom, full bath, kitchen, and double‑height living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,095
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,900
$301.9K
Cap Rate 7%
$215,643
$215.6K
Cap Rate 9%
$167,722
$167.7K
Market Conditions
NOI Build-Up for 877 SF
Gross rent
$26.3K $30.00/SF
− Vacancy
−$6.2K −$7.05/SF
EGI
$20.1K $22.95/SF
− OpEx
−$5.0K −$5.74/SF
NOI
$15.1K $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%
$301,900
Cap Rate 7%
$215,643
Cap Rate 9%
$167,722
Alternative Uses
Best Use
Office B
$215.6K
$188.7K – $251.6K
NOI $15,095 @ 7.0% cap · market cap 4.72%
Second Best
Mixed Use
$190.2K
$166.4K – $221.9K
NOI $13,313 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$282.9K
$247.6K – $330.1K
NOI $19,804 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
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
Market
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Live-work space - Flexible professional space with a private bedroom, full bath, kitchen, loft, and tandem parking.
Where is this live-work space located?
The property is located at 12536 15th Ave Ne Unit C1 Seattle, WA.
What is the asking price?
The asking price for this property is $319,950.
What are key features of this property?
This property features: 692‑square‑foot main level plus 185‑square‑foot loft; Street‑front position on 15th Avenue NE; Private bedroom, full bath, kitchen, and double‑height living room
