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    10202 5Th Ave, Unit 2nd Seattle, WA 98125
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    10202 5Th Ave, Unit 2nd Seattle, WA 98125

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    • Medical Office Space
    • 27,029 SF
    • 0.45 lot acres
    For Lease
    $129-$11,336/Mo
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    WA, Seattle - 5th Ave NE For Lease
    $129-$11,336/Mo

    WA, Seattle - 5th Ave NE

    Discover many ways to work your way in WA, Seattle - 5th Ave NE

    10202 5Th Ave, Unit 2ND, Seattle, WA 98125
    View Listing
    Property ID
    US90-0884080
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • North Seattle Pediatric Dentistry / Dental Office
    • Dr. Jenn-Yih Lin / Dental Office
    • Regus / Real Estate Agency
    • Justin Day Real Estate / Real Estate Agency
    • Wagner Real Estate Group at Real Broker LLC / Real Estate Agency

    Property Details for 10202 5Th Ave

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.45 lot acres
    Property size
    27,029 SF
    Zone code
    NC3-55 (M)
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    322604-9411
    APU
    3226049411

    Description

    This King County, Seattle office space at 10202 5th Ave NE, zip code 98125, offers a variety of flexible workspace solutions. The property caters to diverse business needs, providing traditional office suites, executive offices, coworking spaces, medical offices, and creative office environments. Tenancy is multiple, allowing for businesses of various sizes to find a suitable fit. Options range from fully furnished and equipped private offices tailored to individual company requirements, including serviced, custom, disaster recovery, and day offices. Coworking spaces offer shared office or open-plan areas with hot-desking options. Meeting rooms are available for short-term or long-term use, accommodating various needs from informal chats to large conferences. Virtual office options include prestigious business addresses, mail handling, and virtual assistant services, with varying levels of office access. Flexible working plans provide access to a global network of workspaces, offering options for 5, 10, or unlimited days per month. The property's location in Seattle provides easy access to various amenities and transportation options. The space is scalable, accommodating businesses needing as little as one desk or over 100. Inquire today to explore the possibilities and find the perfect workspace to suit your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.323
    Latitude
    47.7025
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $44,185
    $2,178,900
    $2,875,900
    $5,054,800
    -
    $2,178,900
    $2,875,900
    $5,054,800

    Comparable in this City

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    • Value Estimation
      $780,000
      3,680 SF

      11304 8th NE Ave

      MEDICAL BUILDING • 3,680 SF
      11304 8th NE Ave, Seattle, WA 98125-6111
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    • Value Estimation
      $3,335,000
      28,385 SF

      10416 5th NE Ave

      MEDICAL BUILDING • 28,385 SF
      10416 5th NE Ave, Seattle, WA 98125-7402
      View Details
    • Value Estimation
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      5,757 SF

      12333 35th NE Ave

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    • Value Estimation by Request
      2,968 SF

      3340 125th St

      MEDICAL BUILDING • 2,968 SF
      3340 125th St, Seattle, WA 98125-8911
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    • Value Estimation
      $1,035,000
      5,556 SF

      3212 125th St

      MEDICAL BUILDING • 5,556 SF
      3212 125th St, Seattle, WA 98125-4582
      View Details

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    Seattle, WA 98125
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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