Seattle Office Building For
For Sale
$2,975,000
614 Boylston Ave E, Seattle, WA 98102
6,510 SF office building in Seattle, WA for sale.
Property Size5,510 SF
Price / SF$456.99
Days on Market234
Property Features for 614 Boylston Ave E
General Information
Standard status
Active
Size
5,510 SF
Property subtype
Office
Site & Location
Neighborhood
Broadway
Building Details
Building Size
5,510 SF
Year Built
1906
Buildings
2
Listing Agency:
Kidder Mathews - Seattle
Listed By:
Dan Swanson · License #13533
(206) 296-9610
Source:
Kidder
Added: Mar 8
Changed: Oct 25
Last Checked: Mar 26 at 9:48AM
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 Kidder Mathews - Seattle
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 6,510 square foot office building is available for sale. The property is located in Seattle, Washington.
Key Highlights
- 6,510 SF office building
- Located in Seattle, WA
- For sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,287
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,285,740
$2.3M
Cap Rate 7%
$1,632,671
$1.6M
Cap Rate 9%
$1,269,856
$1.3M
Market Conditions
NOI Build-Up for 6,510 SF
Gross rent
$197.6K $30.36/SF
− Vacancy
−$45.3K −$6.95/SF
EGI
$152.4K $23.41/SF
− OpEx
−$38.1K −$5.85/SF
NOI
$114.3K $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%
$2,285,740
Cap Rate 7%
$1,632,671
Cap Rate 9%
$1,269,856
Alternative Uses
Best Use
Office B
$1.63M
$1.43M – $1.90M
NOI $114,287 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,099 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,701
Businesses Nearby
Explore this area
Business Placement
Demographics for 98102, WA
25,066
Population
17,944
Households
1.4
Avg Household Size
34
Median Age
79%
College-Educated
99%
High-School Grad
1.3 sq mi
ZIP Area
19,282
Density / Sq Mi
$114,395
Median Household Income
$80,130
Median Earnings
$1,920
Median Rent
$988,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Office building - 6,510 SF office building in Seattle, WA for sale.
Where is this office building located?
The property is located at 614 Boylston Ave E Seattle, WA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: 6,510 SF office building; Located in Seattle, WA; For sale
