Seven-Suite Craftsman Office
5430 California Unit 1CU, Seattle, WA 98136
For Sale
$1,299,000
Renovated professional workspace with shared amenities, basement storage, secured parking, and ADA-compliant access.
Property Size2,269 SF
Price / SF$572.50
Days on Market101
Property Features for 5430 California Unit 1CU
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Sprinkler System
Office Units
Amenities
waiting room
break area
kitchen
bathrooms
climate-controlled basement storage
ductless heating and AC system
ADA compliance
Building Details
Year Built
Buildings
Building Size
Construction
Tenancy
Listing Agency:
John L. Scott Vashon
Listed By:
James Marsh · License #21021702
(206) 641-5027
Source:
Century21northhomes
Added: Jul 29
Changed: Nov 6
Last Checked: Oct 30 at 5:55PM
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 John L. Scott Vashon
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Investment Insights
Based on property information with market context.
This renovated Craftsman-style office building provides 2,269 square feet arranged across seven individual office suites. Shared areas include a living-room-style reception and waiting area, kitchen, break area, and two bathrooms, giving the property a practical setup for multiple professional occupants. The building also includes nearly 1,000 square feet of climate-controlled basement storage, along with two storage units.
Three covered and secured parking stalls serve the property. Building systems include a new ductless heating and air-conditioning system, full fire sprinklers, and ADA-compliant features. Located on California Avenue in West Seattle, the property is subject to an HOA that covers water, sewer, garbage, recycling, common-area maintenance, exterior irrigation, earthquake and fire insurance, and reserves.
Three covered and secured parking stalls serve the property. Building systems include a new ductless heating and air-conditioning system, full fire sprinklers, and ADA-compliant features. Located on California Avenue in West Seattle, the property is subject to an HOA that covers water, sewer, garbage, recycling, common-area maintenance, exterior irrigation, earthquake and fire insurance, and reserves.
Key Highlights
- 2,269 SF Craftsman‑style office building with seven individual office suites
- Nearly 1,000 SF of climate‑controlled basement storage
- Three covered and secured parking stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,834
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,680
$796.7K
Cap Rate 7%
$569,057
$569.1K
Cap Rate 9%
$442,600
$442.6K
Market Conditions
NOI Build-Up for 2,269 SF
Gross rent
$68.9K $30.36/SF
− Vacancy
−$15.8K −$6.95/SF
EGI
$53.1K $23.41/SF
− OpEx
−$13.3K −$5.85/SF
NOI
$39.8K $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%
$796,680
Cap Rate 7%
$569,057
Cap Rate 9%
$442,600
Alternative Uses
Best Use
Office B
$569.1K
$497.9K – $663.9K
NOI $39,834 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$682.6K
$597.3K – $796.4K
NOI $47,784 @ 7.0% cap · market cap 3.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 98136, WA
16,424
Population
8,295
Households
2
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,141
Density / Sq Mi
$153,636
Median Household Income
$85,279
Median Earnings
$1,917
Median Rent
$900,000
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Seattle, WA
Properties on Market for Office buildings in Seattle
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Office building - Renovated professional workspace with shared amenities, basement storage, secured parking, and ADA-compliant access.
Where is this office building located?
The property is located at 5430 California Unit 1CU Seattle, WA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 2,269 SF Craftsman‑style office building with seven individual office suites; Nearly 1,000 SF of climate‑controlled basement storage; Three covered and secured parking stalls
