Turn-Key Office Condo with
For Sale
Contact for pricing
80 Vine St, Seattle, WA 98121
Well maintained office condo features open work area, conference room, private bathroom, and HVAC with Elliott Bay water views.
Property Size1,680 SF
Price / SF$445.83
Days on Market590
Property Features for 80 Vine St
General Information
Standard status
Active
Size
1,680 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Belltown
Highway Access
Yes
Additional Details
Clear Height
10.5 ft
Amenities
conference room
kitchen
private bathroom with shower
HVAC
cable and DSL
Listing Agency:
Gibraltar, LLC
(206) 367-6080
Listed By:
Laura Miller · License #17709
(206) 351-3573
Source:
Moodyscre
Added: Mar 20, 2025
Changed: Oct 26
Last Checked: Oct 28 at 11:29AM
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 Gibraltar, LLC
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Investment Insights
Based on property information with market context.
Well maintained, turn-key commercial condo unit with SW corner characteristics and a modern interior design. The space includes concrete floors, 10.5 ft concrete ceilings, custom lighting, and large windows designed to bring in abundant natural light. The existing build-out provides an open layout work area, a conference room, a kitchen with an electric stove, a private bathroom with a shower, and HVAC.
Located in Belltown with easy access to Hwy 99 and convenient routes to Queen Anne, Downtown Seattle, South Lake Union, and the waterfront. Cable and DSL are available in the building. The unit also offers live/work potential and is available now.
Located in Belltown with easy access to Hwy 99 and convenient routes to Queen Anne, Downtown Seattle, South Lake Union, and the waterfront. Cable and DSL are available in the building. The unit also offers live/work potential and is available now.
Key Highlights
- Southwest corner office condo with Elliott Bay water views and large windows for natural light
- 10.5 ft concrete ceilings with concrete floors and custom lighting
- Modern open layout work area plus conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,494
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,880
$589.9K
Cap Rate 7%
$421,343
$421.3K
Cap Rate 9%
$327,711
$327.7K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$51.0K $30.36/SF
− Vacancy
−$11.7K −$6.95/SF
EGI
$39.3K $23.41/SF
− OpEx
−$9.8K −$5.85/SF
NOI
$29.5K $17.56/SF
Area
Seattle, WA
Vacancy
22.90%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,880
Cap Rate 7%
$421,343
Cap Rate 9%
$327,711
Alternative Uses
Best Use
Office B
$421.3K
$368.7K – $491.6K
NOI $29,494 @ 7.0% cap · market cap 3.94%
Second Best
Mixed Use
$316.8K
$277.2K – $369.6K
NOI $22,176 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$505.4K
$442.3K – $589.7K
NOI $35,380 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,538
Businesses Nearby
Explore this area
Business Placement
Demographics for 98121, WA
21,411
Population
15,781
Households
1.4
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
53,528
Density / Sq Mi
$148,974
Median Household Income
$118,893
Median Earnings
$2,329
Median Rent
$796,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Office unit - Well maintained office condo features open work area, conference room, private bathroom, and HVAC with Elliott Bay water views.
Where is this office unit located?
The property is located at 80 Vine St Seattle, WA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Southwest corner office condo with Elliott Bay water views and large windows for natural light; 10.5 ft concrete ceilings with concrete floors and custom lighting; Modern open layout work area plus conference room
