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    500 Wall St Seattle, WA 98121

    Sponsored
    For Lease
    $24 SF/Yr

    Belltown retail, multiple spaces available. Prime Seattle location.

    Lot size:
    18,228 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located in the heart of Belltown, Seattle, within the iconic Skye at Belltown Apartments. The property offers three available spaces ranging from 791 to 1,344 square feet, perfect for a variety of businesses. Situated on Wall Street, near 5th Avenue, this ground floor space benefits from high visibility and foot traffic. The building itself is a Class B property, totaling 18,228 square feet, built in 1949 and renovated in 2000. The building boasts 18 stories and offers ample parking with 360 spaces. The lot size is substantial at 52,708 square feet. Property taxes are $8.12 per square foot. The zoning is DMRR 125/65, and the King County Assessor's Parcel Number (APN) is 0697000025. This location is part of the Downtown Seattle submarket, specifically within the Belltown/Denny Regrade submarket cluster. The building is situated in a thriving area with high residential density, thanks to the 360 apartment units within the Skye at Belltown complex. This presents a unique opportunity to establish a business in a vibrant and well-connected neighborhood. The address is 500 Wall St, Seattle, WA 98121.

    Property Features for 500 Wall St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,228 SF
    Class
    B
    Total Rate
    36456

    Building Details

    Year Built/Renovated
    1949/2000
    Buildings
    1
    Stories
    18

    Unit(s) available at that property

    Space
    Available Suite 2
    Size
    791 SF
    Rate per SF
    $28
    Space
    1,344 SF Available
    Size
    1,344 SF
    Rate per SF
    $24
    Space
    825 SF
    Size
    825 SF
    Rate per SF
    $28
    Property Profile Location Intelligence

    Current Use by Public Records

    Contraband Entertainment Entertainment Agency Mayfield Lisa Mental Health Service Skye at Belltown Apartment Building Kido Pet Care Pet Sitter Pathway Decisions Employment Center

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.34447914
    Latitude
    47.61808814

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    FAQs

    What type of property is this?
    Individual retail property - Belltown retail, multiple spaces available. Prime Seattle location.
    Where is this individual retail property located?
    The property is located at 500 Wall St Seattle, WA.
    What is the lease rate?
    The lease rate is $24-$28 SF/Yr.
    Request Owner's contact information
    500 Wall St Seattle, WA 98121
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    Seattle, WA 98121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Wall St Seattle, WA 98121
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