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    938 127Th St Seattle, WA 98133

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Seattle location, flexible spaces available.

    Lot size:
    32,615 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional King County property offers a unique blend of industrial and creative office space, ideal for a variety of businesses. Situated at 938 N 127th St, Seattle, WA 98133, this two-building complex totals 32,615 square feet, built in 1982 and featuring two stories. Currently, there are multiple tenants, with 1,104 square feet of immediately available space, and additional spaces ranging from 1,104 to 6,604 square feet. The property's classification as both office and industrial, with a creative office subtype, makes it highly versatile. Its location offers convenient access to major transportation arteries, including Aurora Avenue and I-5, ensuring seamless logistics and easy commutes. The surrounding area boasts a vibrant mix of retail and restaurant amenities, providing employees with numerous lunch and after-work options. The property is a multi-tenant building, offering flexibility for businesses of various sizes. Please note that the Net, Net, Net (NNN) lease structure excludes janitorial services, water/sewer, and trash removal. This presents a compelling investment opportunity in a thriving Seattle neighborhood. The property's size, location, and adaptable space make it an attractive option for businesses seeking a strategic location in a dynamic market.

    Property Features for 938 127Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,615 SF
    Total Rate
    49058.4

    Building Details

    Year Built
    1982
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 938
    Size
    6,604 SF
    Rate per SF
    $18
    Space
    930M
    Size
    1,104 SF
    Rate per SF
    $18

    HighLights

    • 32,615 square foot, two‑building industrial/creative office complex in Seattle, WA.
    • Located at 938 N 127th St, Seattle, WA 98133.
    • Built in 1982, two‑story building with multiple tenants.
    • 1,104 square feet immediately available, plus additional spaces ranging from 1,104 to 6,604 square feet.
    • Excellent access to Aurora Avenue and I‑5.
    • NNN lease; tenant responsible for janitorial, water/sewer, and trash.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3468503
    Latitude
    47.72169

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    FAQs

    What type of property is this?
    Office space - Prime Seattle location, flexible spaces available.
    Where is this office space located?
    The property is located at 938 127Th St Seattle, WA.
    What is the lease rate?
    The lease rate is $18-$18 SF/Yr.
    What are key features of this property?
    This property features: 32,615 square foot, two-building industrial/creative office complex in Seattle, WA.; Located at 938 N 127th St, Seattle, WA 98133.; Built in 1982, two-story building with multiple tenants.
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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
    938 127Th St Seattle, WA 98133
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