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3120 3rd W Ave Seattle, WA 98119-1902

OFF-MARKET Office buildings Google Maps
2,340 SF 0.07 ac lot Built 1964
Entity Owned Free & Clear
Estimated value (blended)
$420k
Range $378k – $462k (±10%)
Property ID US90-0777890

Property summary

AI-generated overview

This exceptional owner-user opportunity presents a 2,340 square foot office building situated on a 3,080 square foot lot in Seattle's desirable Queen Anne neighborhood. The property, built in 1964, is a two-story Class B building and is currently vacant, offering immediate occupancy. The asking price is $995,000, translating to $425.21 per square foot. The permitted zoning is MIO-37 LR3 (M), making it suitable for a variety of uses. Its convenient location near Seattle Pacific University and the Fremont neighborhood ensures high foot and vehicle traffic. The Queen Anne area is also adjacent to South Lake Union, a rapidly expanding employment center housing major tech companies like Amazon and Google, as well as numerous biotech firms. This property is ideally suited for professional services, including attorneys, CPAs, insurance agencies, and light medical offices such as dental or vision practices. The address is 3120 3rd Ave W, Seattle, WA 98119, with King County as the county of location. The property features one building and has a total of 2 stories. This presents a rare chance to acquire a well-located, versatile office building in a thriving Seattle neighborhood.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,340 SF
Lot 0.07 ac (3,080 SF)
Zoning code MIO-37-LR3 (M)
APN 197220-5086
UPID US90-0777890

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$420k

Owner & transaction history

since 2026
2 recorded transactions
2026
$985,000
2020
$925,000

Zoning & alternative use

MIO-37-LR3 (M) · Seattle, WA
Zoning description

The intent of this overlay is to regulate major educational and medical institutions. The LR3 promotes multi family uses, in a variety of multifamily housing types in multifamily neighborhoods of moderate scale and densi…

General category RESIDENTIAL

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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