Modern Office Building with Rooftop
6318 41st Ave SW Seattle, WA 98136
For Sale
$4,500,000
Newly constructed office building on six tax parcels, featuring an open layout, floor-to-ceiling windows, and a rooftop deck.
Property Size8,664 SF
Price / SF$519.39
Days on Market36
Property Features for 6318 41st Ave SW
General Information
- Standard status
- Active
- Size
- 8,664 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2016
Listing Agency:
COLUMBIA PARTNERS REAL ESTATE
(206) 306-2511
Listed By:
MARK CALDWELL
Source:
Corcoran
Added: Jun 18
Changed: Jul 23
Last Checked: Jul 23 at 9:56AM
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 COLUMBIA PARTNERS REAL ESTATE
Investment Insights
Based on property information with market context.
New construction modern office building configured on six tax parcels under one building. Interior features include an open floorplan, floor-to-ceiling windows, and commercial-grade finishes. Mechanical and comfort systems cited in the offering include Mitsubishi in-ceiling ductless heating/cooling, dual Panasonic energy recovery ventilators, and HE hybrid recirculating hot-water heated tile floors. The building also includes a rooftop deck.
Located in West Seattle’s Morgan Junction area in Seattle, Washington, the property is positioned as a low-maintenance, landlord-friendly investment with an emphasis on energy efficiency and sustainability-related systems. The space plan also references a primary suite with dual walk-in closets and custom built-ins.
Offered for sale as an income-oriented property and noted as potentially suitable for a 1031 exchange strategy.
Located in West Seattle’s Morgan Junction area in Seattle, Washington, the property is positioned as a low-maintenance, landlord-friendly investment with an emphasis on energy efficiency and sustainability-related systems. The space plan also references a primary suite with dual walk-in closets and custom built-ins.
Offered for sale as an income-oriented property and noted as potentially suitable for a 1031 exchange strategy.
Key Highlights
- Newly constructed office building completed in 2016 on six tax parcels (one building).
- Nearly green built features include Mitsubishi in‑ceiling ductless heating/cooling and Panasonic dual energy recovery ventilators.
- HE hybrid recirculating HW system with heated tile floors.
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 | $263.0k | $30.36 |
| − Vacancy | −$60.2k | −$6.95 |
| EGI | $202.8k | $23.41 |
| − OpEx | −$50.7k | −$5.85 |
| NOI | $152.1k | $17.56 |
8,664 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.54M
NOI $152,102 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,461 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Newly constructed office building on six tax parcels, featuring an open layout, floor-to-ceiling windows, and a rooftop deck.
Where is this office units located?
The property is located at 6318 41st Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Newly constructed office building completed in 2016 on six tax parcels (one building).; Nearly green built features include Mitsubishi in‑ceiling ductless heating/cooling and Panasonic dual energy recovery ventilators.; HE hybrid recirculating HW system with heated tile floors.
