Multi-Tenant Office
For Sale
Contact for pricing
Pending
5639 California Ave SW, Seattle, WA 98136
Adaptable office configuration supports owner occupancy, multiple suites, or a combination of both.
Property Size3,092 SF
Days on Market63
Property Features for 5639 California Ave SW
General Information
Standard status
Pending
Size
3,092 SF
Property subtype
OFFICE
Zoning
LR3 RC (M)
Site & Location
Neighborhood
Seaview
Public Transit
Yes
Listing Agency:
Compass Washington
(206) 330-0314
Listed By:
Susi Musi
(206) 214-5468
Source:
Moodyscre
Added: Sep 5
Changed: Oct 25
Last Checked: Nov 6 at 8:30AM
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 Compass Washington
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Investment Insights
Based on property information with market context.
This 3,092-square-foot office property is configured to support one, two, or three tenants. The layout can accommodate an owner-user occupying the entire building, multiple office suites, or a blended owner-occupant and leasing strategy.
The property fronts California Ave SW in West Seattle, with visibility, transit access, and proximity to established businesses and amenities in the Alaska and Morgan Junction areas. It is currently zoned LR3 RC (M) and lies within an area subject to Seattle’s ongoing Comprehensive Plan and zoning-update process. Any future zoning, permitted-use, development-standard, or capacity changes require independent verification.
The property fronts California Ave SW in West Seattle, with visibility, transit access, and proximity to established businesses and amenities in the Alaska and Morgan Junction areas. It is currently zoned LR3 RC (M) and lies within an area subject to Seattle’s ongoing Comprehensive Plan and zoning-update process. Any future zoning, permitted-use, development-standard, or capacity changes require independent verification.
Key Highlights
- 3,092‑square‑foot office property
- Configuration can accommodate one, two, or three tenants
- Owner‑user, multi‑tenant, or combined occupancy options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,282
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,640
$1.1M
Cap Rate 7%
$775,457
$775.5K
Cap Rate 9%
$603,133
$603.1K
Market Conditions
NOI Build-Up for 3,092 SF
Gross rent
$93.9K $30.36/SF
− Vacancy
−$21.5K −$6.95/SF
EGI
$72.4K $23.41/SF
− OpEx
−$18.1K −$5.85/SF
NOI
$54.3K $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%
$1,085,640
Cap Rate 7%
$775,457
Cap Rate 9%
$603,133
Alternative Uses
Best Use
Office B
$775.5K
$678.5K – $904.7K
NOI $54,282 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$930.2K
$814.0K – $1.09M
NOI $65,117 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,253
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
$900,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Seattle, WA
Properties on Market for Office Units in Seattle
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Office unit - Adaptable office configuration supports owner occupancy, multiple suites, or a combination of both.
Where is this office unit located?
The property is located at 5639 California Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 3,092‑square‑foot office property; Configuration can accommodate one, two, or three tenants; Owner‑user, multi‑tenant, or combined occupancy options
