Building Details

Year Built 1958

Listing Agency: BRODERICK GROUP, INC. g***@broderickgroup.com Show Phone

Listed By: DAVID GREENWOOD

Source: Corcoran

Added: Jan 21 Changed: Aug 8 Last Checked: Aug 8 at 2:00PM

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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 BRODERICK GROUP, INC.

Investment Insights

Based on property information with market context.

This commercial real estate property features a rent-ready office space. The layout includes private offices, an open work area, a kitchenette, and a conference room. The property has a size of 3744 square feet.

Key Highlights

• Rent ready
• Private offices offer quiet workspaces
• Conference room for meetings

Property Analytics

Property Profile

Current Use

Heery International Architect Medix Employment Agency Siderius Lonergan & Martin ... Law Firm LabKey Software (Bike/Boat/Book/etc) Store Roen Associates - Seattle Construction Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Electrical Service Pet Store Clothing & Fashion Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$5.70 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

23,240

Businesses Nearby

Explore this area Business Placement

Demographics for 98101, WA

16,237

Population

13,193

Households

1.2

Avg Household Size

36

Median Age

71%

College-Educated

96%

High-School Grad

0.5 sq mi

ZIP Area

32,474

Density / Sq Mi

$128,143

Median Household Income

$106,620

Median Earnings

$2,476

Median Rent

$741,400

Median Home Value

Market

Lease Benchmarks for Seattle, WA

$28.39 /SF/Yr

Avg Asking Price

$4.18–$53 /SF/Yr

Price Range

12,392 SF

Avg Space Size

This space is priced 34% above the average of $28.39 /SF/Yr.

Vacancy Rate% for Office in Seattle, WA

8.5% 2019

13.4% 2020

17.6% 2021

19.5% 2022

24.3% 2023

30% 2024

32.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Rent-ready office with private offices, open area, and kitchenette.

Where is this office units located?

The property is located at 500 Union St Seattle, WA.

What is the lease rate?

The lease rate is $11,856/Mo.

What are key features of this property?

This property features: Rent ready; Private offices offer quiet workspaces; Conference room for meetings