Seattle Office Condo For
500 Elliott Ave W Seattle, WA 98119
500 Elliott Ave W, Seattle, WA, 98119
$1,259,000
For Sale
$1,259,000
Office condo with dedicated parking in Seattle, WA.
Property Size2,632 SF
Price / SF$478.34
Days on Market97
Property Features for 500 Elliott Ave W
General Information
- Standard status
- Active
- Size
- 2,632 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing Agency
NWC-KV LLC
Listed by
GARY WU
Source
Corcoran
Added: Apr 13 Checked: Jul 17 at 3:34 am
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 NWC-KV LLC
Investment Insights
Based on property information with market context.
A 2,632 square foot office condo is available for sale. Constructed in 2000, the property is zoned C2-55 (M). It includes three dedicated parking stalls. The property is located in Seattle, WA.
Key Highlights
- 2,632 SF Vacant Office Condo
- C2‑55 (M) Zoning
- 3 Dedicated Parking Stalls
Local 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 | $79.9k | $30.36 |
| − Vacancy | −$18.3k | −$6.95 |
| EGI | $61.6k | $23.41 |
| − OpEx | −$15.4k | −$5.85 |
| NOI | $46.2k | $17.56 |
2,632 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$660.1K
$577.6K – $770.1K
NOI $46,207 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$791.8K
$692.9K – $923.8K
NOI $55,429 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Phillpps Caley
Alternative Medicine Practice
Richardson Fundraising & Auctioneer
Event Planning
Starnberg Realty
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office condo with dedicated parking in Seattle, WA.
Where is this office units located?
The property is located at 500 Elliott Ave W Seattle, WA.
What is the asking price?
The asking price for this property is $1,259,000.
What are key features of this property?
This property features: 2,632 SF Vacant Office Condo; C2‑55 (M) Zoning; 3 Dedicated Parking Stalls
