Freestanding Office Building with
For Sale
$925,000
700 Warren Avenue N, Seattle, WA 98109
Two levels provide adaptable rooms, a full bath and two off-street parking spaces.
Property Size1,970 SF
Price / SF$469.54
Days on Market26
Property Features for 700 Warren Avenue N
General Information
Standard status
Active
Size
1,970 SF
Total Parking Spaces
2
Property subtype
Commercial Industrial
Zoning
SM-UP 65 (M)
Site & Location
Neighborhood
Lower Queen Anne
Corner Location
Yes
Road Access
Yes
Building Details
Year Built
1908
Buildings
1
Stories
2
Abandoned
No
Listing Agency:
Quorum Real Estate Prop. Mgmt.
(206) 283-6000
Listed By:
Felix Rodriguez · License #23839
(206) 227-4773
Source:
Dalewalters
Added: Oct 7
Changed: Oct 31
Last Checked: Oct 31 at 3:14AM
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 Quorum Real Estate Prop. Mgmt.
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Investment Insights
Based on property information with market context.
The 1,970-square-foot freestanding office building dates to 1908 and has served commercial purposes for approximately 20 years. Its main floor includes an entry and large rooms, while the upper floor adds private rooms and a full bath. Hardwood flooring, detailed millwork, arched openings and a central staircase remain among the building’s interior features. Two uncovered parking spaces are positioned at the rear. The exterior was painted approximately three years ago, and the roof and side sewer were replaced within approximately the past five years. The property is offered as-is; a seller-procured pre-inspection is available.
Zoned SM-UP 65 (M), the property sits at Warren Avenue N and Roy Street in Seattle’s Uptown/Lower Queen Anne area. Metropolitan Market is across the street, with Seattle Center, Climate Pledge Arena and Uptown businesses a few blocks away. Changes of use and development potential are subject to buyer verification and City approval.
Zoned SM-UP 65 (M), the property sits at Warren Avenue N and Roy Street in Seattle’s Uptown/Lower Queen Anne area. Metropolitan Market is across the street, with Seattle Center, Climate Pledge Arena and Uptown businesses a few blocks away. Changes of use and development potential are subject to buyer verification and City approval.
Key Highlights
- 1,970‑square‑foot building constructed in 1908
- SM‑UP 65 (M) zoning
- Two uncovered off‑street parking spaces at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,585
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,700
$691.7K
Cap Rate 7%
$494,071
$494.1K
Cap Rate 9%
$384,278
$384.3K
Market Conditions
NOI Build-Up for 1,970 SF
Gross rent
$59.8K $30.36/SF
− Vacancy
−$13.7K −$6.95/SF
EGI
$46.1K $23.41/SF
− OpEx
−$11.5K −$5.85/SF
NOI
$34.6K $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%
$691,700
Cap Rate 7%
$494,071
Cap Rate 9%
$384,278
Alternative Uses
Best Use
Office B
$494.1K
$432.3K – $576.4K
NOI $34,585 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.7K
$518.6K – $691.5K
NOI $41,488 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 98109, WA
34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value
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Market
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Office building - Two levels provide adaptable rooms, a full bath and two off-street parking spaces.
Where is this office building located?
The property is located at 700 Warren Avenue N Seattle, WA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 1,970‑square‑foot building constructed in 1908; SM‑UP 65 (M) zoning; Two uncovered off‑street parking spaces at the rear
