Street-Level Office Condo with ADA
For Sale
Contact for pricing
2901 NE Blakeley St, Seattle, WA 98105
Street-level office condo with ADA-accessible entry, located in Seattle’s University District adjacent to the University of Washington.
Property Size1,021 SF
Price / SF$548.48
Days on Market142
Property Features for 2901 NE Blakeley St
General Information
Standard status
Active
Size
1,021 SF
Property subtype
OFFICE
Additional Details
Floor
Ground Floor
Public Transit
Yes
Listing Agency:
Kidder Mathews
(425) 450-1128
Listed By:
Sun Choy · License #28991
(425) 450-1128
Source:
Moodyscre
Added: Mar 11
Changed: Jul 29
Last Checked: Jul 29 at 6:48PM
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
Investment Insights
Based on property information with market context.
The 2901 Blakeley Office Condo is a street-level office condo designed for convenient access and day-to-day business operations. The unit offers ADA accessibility with an accessible entry, along with a flexible layout intended to support a functional workspace. At 1,021 square feet, it’s sized for a range of professional, creative, or service-based uses where client and employee access matters.
Positioned in Seattle’s University District, the property is adjacent to the University of Washington campus. The surrounding area is described as a mix of university activity, local businesses, restaurants, and transit options, supporting a commercial setting with ongoing daytime demand.
This condo configuration can suit an owner-user looking for a street-level presence or an investor seeking a well-located office space in a high-demand urban neighborhood.
Positioned in Seattle’s University District, the property is adjacent to the University of Washington campus. The surrounding area is described as a mix of university activity, local businesses, restaurants, and transit options, supporting a commercial setting with ongoing daytime demand.
This condo configuration can suit an owner-user looking for a street-level presence or an investor seeking a well-located office space in a high-demand urban neighborhood.
Key Highlights
- 1,021 SF street‑level office condo
- ADA‑accessible entry
- Adjacent to the University of Washington campus
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 | $31.0k | $30.36 |
| − Vacancy | −$7.1k | −$6.95 |
| EGI | $23.9k | $23.41 |
| − OpEx | −$6.0k | −$5.85 |
| NOI | $17.9k | $17.56 |
1,021 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$256.1K
$224.1K – $298.7K
NOI $17,924 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,876
Businesses Nearby
Explore this area
Business Placement
Demographics for 98105, WA
49,151
Population
20,582
Households
2.4
Avg Household Size
27
Median Age
77%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
12,934
Density / Sq Mi
$78,691
Median Household Income
$34,947
Median Earnings
$1,803
Median Rent
$1,261,100
Median Home Value
Market
Vacancy Rate% for Office in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Street-level office condo with ADA-accessible entry, located in Seattle’s University District adjacent to the University of Washington.
Where is this office units located?
The property is located at 2901 NE Blakeley St Seattle, WA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 1,021 SF street‑level office condo; ADA‑accessible entry; Adjacent to the University of Washington campus
