Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4333 12th NE Ave Seattle, WA 98105-5906

    • Medical Office Space
    • 2,280 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0518073
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • U District Family Dentistry / Dental Office
    • U District Family Dentistry: Andy Nelson DDS / Dental Office
    • Roger Campbell / Dental Office
    • James Nelson / Dental Office

    Property Details for 4333 12th NE Ave

    Year built
    1951
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.09 lot acres
    Property size
    2,280 SF
    Zone code
    SM-U 95-320 (M1)
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    114200-0415
    APU
    1142000415

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.316
    Latitude
    47.6608
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $17,527
    $2,060,000
    $1,000
    $2,061,000
    -
    $2,060,000
    $1,000
    $2,061,000

    Comparable in this City

    • Value Estimation
      $13,705,000
      102,290 SF

      4915 25th NE Ave

      MEDICAL BUILDING • 102,290 SF
      4915 25th NE Ave, Seattle, WA 98105-5667
      View Details
    • Value Estimation
      $1,435,000
      6,824 SF

      Seattle, WA 98105

      MEDICAL BUILDING • 6,824 SF
      Seattle, WA 98105
      View Details
    • Value Estimation
      $1,100,000
      4,868 SF

      2271 51st St

      MEDICAL BUILDING • 4,868 SF
      2271 51st St, Seattle, WA 98105-5713
      View Details
    • Value Estimation
      $1,060,000
      4,700 SF

      4526 15th NE Ave

      DENTAL BUILDING • 4,700 SF
      4526 15th NE Ave, Seattle, WA 98105-4507
      View Details
    • Value Estimation
      $40,285,000
      191,276 SF

      4245 Roosevelt NE Way

      MEDICAL BUILDING • 191,276 SF
      4245 Roosevelt NE Way, Seattle, WA 98105-6008
      View Details
    • Value Estimation by Request
      1,000 SF

      5322 Roosevelt NE Way

      MEDICAL BUILDING • 1,000 SF
      5322 Roosevelt NE Way, Seattle, WA 98105-3629
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Updated Office Building in Wallingford

      Updated commercial office building in Wallingford, ideal for owner-users.
      4510 Thackeray Pl NE, Seattle, WA 98105
      View Details
    • $2,375,000

      Well-Maintained Building in Prime Location

      Well-maintained building with on-site parking and convenient access to key areas.
      5506 35Th Ave NE, Seattle, WA 98105
      View Details
    • Contact for pricing

      Seattle University District Office Condo

      Street-level office condo in Seattle's University District for sale.
      2901 NE Blakeley St, Seattle, WA 98105
      View Details
    • Contact for pricing
      3,850 SF

      University Way NE Office Space

      Second floor suite with open floorplan suitable for multiple uses.
      4209 University Way NE, Seattle, WA 98105
      View Details
    • $4,626,000

      Legacy Property in U-District

      High-traffic location with development potential and steady income.
      4209 University Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing

      Updated Wallingford Commercial Office Building

      Two-story commercial building in Wallingford, ideal for owner-users or investors.
      4510 Thackeray Pl NE, Seattle, WA 98105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      769 SF

      Professional Office or Spa Space

      1,537 SF penthouse ideal for office or spa.
      4540 Sand Point Way Northeast, Seattle, WA 98105
      View Details
    • Contact for pricing
      965 SF

      Former Veterinary Clinic Space Available

      Lease opportunity: former veterinary clinic with reception, operating, and treatment rooms.
      5339 Roosevelt Way NE, Seattle, WA 98105
      View Details
    • $979 /Mo
      470 SF

      Medical Office Near University of Washington

      Medical office space for rent near UW and public transport.
      4261 Roosevelt Way NE, Seattle, WA 98105
      View Details
    • $1,750 /Mo
      840 SF

      Medical/Office Space Near University of Washington

      Medical/office space near University of Washington and UW Medical Center.
      4261 Roosevelt Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing
      251 SF

      Medical Space with Plaza Access

      Second-generation medical space with treatment rooms and signage opportunities.
      4915 25Th Ave Northeast, Seattle, WA 98105
      View Details
    • $6,320 /Mo
      2,370 SF

      Corner Office/Retail Space Available

      High-visibility corner space in Seattle's North University District/Ravenna neighborhood.
      4750 Roosevelt Way NE, Seattle, WA 98105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4333 12th NE Ave
    Seattle, WA 98105-5906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!