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Property profile & analytics
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
Price N/A
2012
$5.1M
2012
$3.9M
2010
Price N/A
2009
Price N/A
2006
$1.6M
1969
Price N/A
Zoning & alternative use
IG1 U/45 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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