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    10564 5Th Ave NE Seattle, WA 98125

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    10564 5Th Ave NE Seattle, WA 98125

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    • Medical Office Space
    • 28,841 SF
    • 0.76 lot acres
    For Lease
    $24 SF/Yr
    View Listing →
    Seattle Office Space Available For Lease
    $24 SF/Yr
    2,644 SF

    Seattle Office Space Available

    Office space available for lease in Seattle, Washington.

    10564 5th Ave NE, Seattle, WA
    View Listing
    Property ID
    US90-0827921
    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

    • Fifth Avenue Family Dentistry / Dental Office
    • USA Vein Clinics / Medical Clinic
    • Advanced Foot & Ankle Clinic / Physician
    • USA Vascular Centers / Physician
    • Aven Medical / Alternative Medicine Practice

    Property Details for 10564 5Th Ave NE

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.76 lot acres
    Property size
    28,841 SF
    Zone code
    NC3-75 (M)
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    292604-9266
    APU
    2926049266

    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
    47.7066
    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
    $76,524
    $4,609,500
    $4,050,200
    $8,659,700
    -
    $4,609,500
    $4,050,200
    $8,659,700

    Comparable in this City

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      $1,490,000
      7,072 SF

      12510 33rd NE Ave

      MEDICAL BUILDING • 7,072 SF
      12510 33rd NE Ave, Seattle, WA 98125-4580
      View Details
    • Value Estimation
      $2,380,000
      3,768 SF

      11545 15th NE Ave

      MEDICAL BUILDING • 3,768 SF
      11545 15th NE Ave, Seattle, WA 98125-6358
      View Details
    • Value Estimation
      $650,000
      4,404 SF

      3207 125th St

      MEDICAL BUILDING • 4,404 SF
      3207 125th St, Seattle, WA 98125-4516
      View Details
    • Value Estimation
      $1,935,000
      12,750 SF

      10212 5th NE Ave

      MEDICAL BUILDING • 12,750 SF
      10212 5th NE Ave, Seattle, WA 98125-7452
      View Details
    • Value Estimation
      $580,000
      2,661 SF

      11285 Lk City NE Way

      MEDICAL BUILDING • 2,661 SF
      11285 Lk City NE Way, Seattle, WA 98125-6718
      View Details
    • Value Estimation by Request
      3,044 SF

      3305 125th St

      MEDICAL BUILDING • 3,044 SF
      3305 125th St, Seattle, WA 98125-4518
      View Details

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      Seattle Office Space Available

      Office property for sale in Seattle, Washington.
      12333 35Th Ave NE, Seattle, WA 98125
      View Details
    • $6,625,000
      34,354 SF

      Seattle Office Building For Sale

      Seattle office building with 34,354 square feet available for sale.
      12535-12537 15Th Ave NE, Seattle, WA 98125
      View Details

    Similar Nearby for Lease

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      5,798 SF

      Lake City Single Tenant Property

      Single tenant property with 12 bedrooms, large kitchen.
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      Retail and Office Leasing Opportunity

      Retail and office spaces available in Northbrook Place.
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      Retail and Office Leasing Opportunity

      Retail and office spaces available in Northbrook Place.
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    • $1,987 /Mo
      1,084 SF

      Lake City Commercial Space Available

      Professional, medical, and retail space in Lake City.
      3220 125Th St, Seattle, WA 98125
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    • $1,380 /Mo
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      Retail and Office Leasing Opportunity

      Retail and office spaces available in Northbrook Place.
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      Retail and Office Leasing Opportunity

      Retail and office spaces available in Northbrook Place.
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      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.

    More about this property
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