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Property profile

4517 University Way NE Seattle, WA 98105

FOR LEASE
Retail space
Property ID
US90-1160869
20,760 SF 0.15 ac lot Built 1928
Last sale Sep 2026 · $3,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A classic 1920s masonry mixed-use building configured as a vertical retail-and-office property, with retail space on the ground floor and office space on the second floor. The building is located on the west side of the University of Washington between 45th and 47th streets, near the University of Washington. The second-floor office layout is suitable for owner-user use and can be sized up to 6,184 square feet depending on how the space is utilized.

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?
$41k
Tax billed · 2022
Assessed value$4.95M
Assessed land$2.68M
Assessed improvement$2.27M
Effective rate0.84%

Value estimate

· Oct 2026
$2.56M
$2.30M – $2.82M
NOI build-up
Gross scheduled income$188k
Vacancy & credit loss−$43k
Operating expenses−$36k
NOI · 904,700.00% cap applied$109k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$401/SF
Submarket average, outlier-cleaned · 270 recorded sales of this use type
Observed band · Q1–Q3$189 – $689
Qualifying comparables5

Cap rate analysis

How does the asset earn?
904,700.00%
$109k 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?
NC3P-65
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping distr...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service13.3
Electrical Service10.6
Florist9.0

Location

4517 University Way NE Seattle, WA 98105
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3803 45th, Seattle, WA 98105-5132 $7,600,000 Aug 2024 12,099 SF
4224 University NE, Seattle, WA 98105-5833 $4,756,919 Nov 2023 8,240 SF
3501 45th, Seattle, WA 98105-5640 $10,642,000 Jun 2022 13,900 SF
1205 50th, Seattle, WA 98105-4406 $16,500,000 Feb 2022 14,520 SF
4709 Roosevelt NE, Seattle, WA 98105-4723 $33,000,000 Aug 2021 9,000 SF
4502 University NE, Seattle, WA 98105 $3,750,000 Sep 2020 25,549 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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