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2800 Madison St Seattle, WA 98112-4871

OFF-MARKET Office buildings Google Maps
9,453 SF 0.09 ac lot Built 1912
Entity Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.75M
Range $1.58M – $1.93M (±10%)
Property ID US90-0081414

Property summary

AI-generated overview

This exceptional three-story, 8,819 square foot building, constructed in 1912 and renovated in 2014, offers multiple executive office suites for lease in Seattle's desirable Madison Valley neighborhood. Located at 2800 E Madison St, near 28th Ave E, this Class C property sits on a 0.09-acre lot and is zoned NC2P-55(M). Individual suites range from 282 to 831 contiguous square feet, with a total of 1,460 square feet currently vacant. The building features a mix of retail and office spaces, creating a vibrant and established community. Currently available are three private office suites, each offering natural daylight and access to shared amenities. Two suites are located on the second and third floors, ideal for small practices, therapists, or individual professionals. A street-level retail space is also available, perfect for a boutique or service-based retailer. The building's prime location provides easy access to Downtown Seattle, Bellevue, and the University District, all within a 15-minute commute. The strong existing tenant mix includes boutiques, therapists, and restaurants, creating a desirable and supportive professional environment. This property boasts stunning curb appeal and a prestigious address, making it a highly sought-after location for businesses seeking a thriving and convenient Seattle address. The King County property (APN: 5016001790) offers a unique opportunity to establish a presence in a vibrant and established neighborhood.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1912
Construction WOOD
Total area 9,453 SF
Lot 0.09 ac (4,000 SF)
Zoning code NC2P-55 (M)
APN 501600-1790
UPID US90-0081414

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
  • Alternative Medicine Practice
  • Family Counselor
  • Marriage Or Relationship Counselor
  • Physician Medical Clinic
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.75M

Owner & transaction history

since 2016
7 recorded transactions
2016
$1.5M
2002
$800,000
1994
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

NC2P-55 (M) · Seattle, WA
Zoning description

The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including…

General category COMMERCIAL

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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