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Property profile

500 Mercer St Seattle, WA 98109

OFF-MARKET
Specialty properties
32,370 SF Built 2007
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Property summary

AI-generated overview

This Class A, 23,391 square foot creative office space is located at 500 Mercer St, Seattle, WA 98109, in the vibrant Lower Queen Anne submarket, close to SLU. Built in 2007 and renovated in 2017, the property boasts a single suite within a larger 32,370 square foot building. The space is ideally suited for a single large tenant seeking a prominent location. Enjoy convenient access to I-5 and Hwy 99, multiple transit lines, and ample street parking. The area offers a wealth of amenities, including numerous restaurants (Bahn Thai, Domino's, The Nabob, and many more), coffee shops (Konvene Coffee-Deli, Starbucks, and more), and retail options. Nearby attractions include Climate Pledge Arena, MoPOP, and the Gates Foundation. The location is also highly walkable, with over 248 apartments, condos, and townhomes within three blocks. The property is zoned SM-UP 85 (M1) and has a King County APN of 445872-0020. This exceptional opportunity offers a blend of modern workspace and unparalleled access to Seattle's dynamic urban core.

Property profile

Verified
Property type Specialty properties
Year built 2007
Total area 32,370 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Vocational School Training Center
  • Gym & Fitness Center
  • Gym & Fitness Center
  • Church Mosque
  • Consultant

Location

500 Mercer St Seattle, WA 98109
Seattle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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