Property profile

408 N 35Th St Seattle, WA 98103

FOR LEASE
Office buildings
Saved · see the list in your Dashboard
Property ID
US90-1129703
7,218 SF 0.17 ac Built 1972
Last sale Mar 2023·$4,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property consists of two office suites within a larger office building, each with independent suite space: Suite B is 2,451 square feet and Suite C is 2,313 square feet. The suites are designed to be capable of combination into a contiguous office configuration totaling 4,764 square feet, allowing either separate or combined occupancy. The building incorporates renovated interiors, with a full renovation completed in 2009, and features office-finish elements intended for higher-end tenant presentation.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$21k
Tax billed · 2022
Assessed value$2.46M
Assessed land$1.31M
Assessed improvement$1.14M
Effective rate0.87%

Value estimate

· Nov 2026
$4.18M
$3.76M – $4.59M
AI approach$4.28M
CAP approach$2.83M
Submarket $/SF estimate$2.72M
NOI build-up
Gross scheduled income$163k
Vacancy & credit loss−$11k
Operating expenses−$38k
NOI · 288,012.66% cap applied$114k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$396/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$243 – $575

Cap rate analysis

How does the asset earn?
288,012.66%
$114k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IG2 U/65
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply57.6
Auto Repair Shop49.3
Auto Parts Store45.5

Location

408 N 35Th St Seattle, WA 98103
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1115 Northlake, Seattle, WA 98103-8993 $3,000,000 Jul 2025 9,048 SF
7107 Greenwood N, Seattle, WA 98103-5069 $1,630,000 May 2023 4,760 SF
203 85th, Seattle, WA 98103-3603 $2,790,000 Jun 2022 6,400 SF
5413 Meridian N, Seattle, WA 98103-6168 $1,210,000 Mar 2022 6,140 SF
7601 Aurora N, Seattle, WA 98103-4749 $1,750,000 Oct 2021 5,400 SF
4220 Aurora N, Seattle, WA 98103-7308 $1,965,000 Aug 2020 8,015 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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