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    FOR SALE
    Office buildings

    2320 West Commodore Way, Seattle, WA 98199

    41,362 SF 0.81 ac lot Built 2008
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US90-1598180
    Property summary
    AI-generated overview

    This exceptional three-story medical office building, totaling 32,866 square feet, presents a unique investment or leasing opportunity in the vibrant Seattle market. Located at 2320 West Commodore Way, King County, WA 98199, this 2009-constructed building sits on a 0.81-acre lot and offers 10,889 square feet of immediately available space. The building features a desirable multi-tenant configuration, allowing for flexibility in lease terms and tenant mix. Each floor boasts impressive 15-foot ceilings, providing ample space and a modern aesthetic. Parking is readily available with a generous 2.5 spaces per 1,000 square feet. The building is ideally suited for medical practices, but its design also allows for other office uses. The large contiguous space available makes it perfect for a single tenant seeking a significant footprint, or multiple tenants looking for smaller, yet modern suites. Its prime location in Seattle offers easy access to major transportation routes and a thriving business community. The building's modern design and ample parking make it an attractive option for both tenants and investors. This is a rare opportunity to acquire or lease a high-quality medical office building in a sought-after Seattle location. Contact us today to learn more about this exceptional property.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2008
    Construction STEEL FRAME
    Total area 41,362 SF
    Lot 0.81 ac (35,164 SF)
    Zoning code IG1 U/45
    APN 277160-5313
    UPID US90-1598180
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cooper Center for Metabolism Physician
    • International Pacific Halibut Commission Charitable Organization Social Service Agency
    • Dr. Emily L. Cooper, MD Pediatrician Physician
    • Seattle Performance Medicine Medical Clinic Physician
    • Pauole Sport Nightclub Music Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $7.05M
    Owner & transaction history
    Salmon Bay Investment Group Ll · 14 yrs held
    Salmon Bay Investment Group Ll
    since 2012
    7 recorded transactions
    2025
    2012
    $5.1M
    2012
    $3.9M
    2010
    2009
    2006
    $1.6M
    1969
    Zoning & alternative use
    IG1 U/45 · Seattle, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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