Street-Level Office
New
For Sale
$560,000
2901 NE Blakeley Street # 3A, Seattle, WA 98105
ADA access, elevator service, and deeded garage parking support convenient visits to this professional workspace.
Property Size1,021 SF
Price / SF$548.48
Days on Market2
Property Features for 2901 NE Blakeley Street # 3A
General Information
Standard status
Active
Size
1,021 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Commercial
Net Operating Income
$28,008
Additional Details
Floor
Ground Floor
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,328
Amenities
Ceramic Tile,Carpet
Yes
No
Electric
Public
2
43718
1.0036
Brick,Cement/Concrete
Slab
Building Details
Year Built
2004
Listing Agency:
Sievers Real Estate
(503) 670-9000
Listed By:
Sandi Sheets
(503) 998-4309
Source:
Premierepropertygroup
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:37AM
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 Sievers Real Estate
Investment Insights
Based on property information with market context.
This 1,021-square-foot office condominium occupies the street level and has a flexible workspace layout with natural light. The property includes ADA-accessible entry, elevator access, and two deeded garage parking spaces. Built in 2004, the building has brick and concrete exterior materials.
Located at 2901 NE Blakeley Street in Seattle’s University District, the property is near the University of Washington and U-Village. The surrounding area includes university activity, local businesses, restaurants, retail, offices, coffee shops, and residences, with transit options in the vicinity.
Located at 2901 NE Blakeley Street in Seattle’s University District, the property is near the University of Washington and U-Village. The surrounding area includes university activity, local businesses, restaurants, retail, offices, coffee shops, and residences, with transit options in the vicinity.
Key Highlights
- 1,021‑square‑foot street‑level office condominium
- Two deeded garage parking spaces
- ADA‑accessible entry and elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,924
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,480
$358.5K
Cap Rate 7%
$256,057
$256.1K
Cap Rate 9%
$199,156
$199.2K
Market Conditions
NOI Build-Up for 1,021 SF
Gross rent
$31.0K $30.36/SF
− Vacancy
−$7.1K −$6.95/SF
EGI
$23.9K $23.41/SF
− OpEx
−$6.0K −$5.85/SF
NOI
$17.9K $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%
$358,480
Cap Rate 7%
$256,057
Cap Rate 9%
$199,156
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
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Seattle, WA
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Frequently Asked Questions
What type of property is this?
Office units - ADA access, elevator service, and deeded garage parking support convenient visits to this professional workspace.
Where is this office units located?
The property is located at 2901 NE Blakeley Street # 3A 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‑square‑foot street‑level office condominium; Two deeded garage parking spaces; ADA‑accessible entry and elevator access
