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1631 15th W Ave Seattle, WA 98119-2994

Office buildings Google Maps
111,750 SF 0.41 ac lot Built 2013
Entity Owned 6-yr Hold ~ Est. High Equity
1631 15th W Ave, Seattle, WA 98119-2994 For Lease
Contact for pricing 1,800 SF available
1631 15th W Ave, Seattle, WA 98119-2994
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Estimated value (blended)
$7.84M
Range $7.06M – $8.62M (±10%)
Property ID US90-0923694

Property summary

AI-generated overview

Located in Seattle's vibrant Interbay neighborhood, Interbay Work Lofts offers a unique blend of executive and creative office spaces. This Class B building, constructed in 2013, boasts a total of 82,679 square feet spread across three stories. The property features one building situated on a 0.82-acre lot (35,719 square feet), offering convenient access to Queen Anne, Magnolia, Fremont, and Ballard. Multiple tenancy options are available, with spaces ranging from a minimum of 1,000 square feet to a maximum contiguous space of 2,061 square feet. Currently, 17,563 square feet of space is vacant and ready for immediate occupancy. The building includes elevators for easy access to all floors. The zoning is designated as IG2 U/45. The property's address is 1631 15th Ave W, Seattle, WA 98119, within King County. Each suite is thoughtfully designed for efficiency, comfort, and flexibility, making it an ideal location for businesses seeking a modern and functional workspace. The property's APN is 7666201610, 7666201617. This prime location offers businesses the opportunity to thrive in a dynamic and accessible area of Seattle.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2013
Construction CONCRETE
Total area 111,750 SF
Lot 0.41 ac (17,800 SF)
Zoning code IG2 U/45
APN 766620-1617
UPID US90-0923694

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
  • Business To Business Service Clothing Store
  • Property Management Company
  • Hardware & Home Improvement
  • Insurance Agency
  • Gym & Fitness Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.36M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.84M

Owner & transaction history

since 2020
Last sale
$7.8M
7 recorded transactions
2020
Price N/A
2018
$7.8M
2012
Price N/A
2002
Price N/A
2000
$485,000
1992
Price N/A
1969
Price N/A

Zoning & alternative use

IG2 U/45 · Seattle, WA

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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