Property profile

5048 Roosevelt NE Way Seattle, WA 98105

OFF-MARKET
Office buildings
Property ID
US90-1264432
2,280 SF 0.15 ac lot Built 1937
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 5042-5048 Roosevelt Way NE in Seattle's vibrant University District, offers two available office spaces totaling 4,231 square feet within a single-story building. Built in 1937 and renovated in 1999, this Class C property sits on a 0.15-acre lot and boasts a blend of traditional and creative office space layouts, perfect for a variety of businesses. The building features multiple tenancies, providing flexibility for different business needs. The larger suite offers approximately 2,911 square feet, while a smaller option of 1,305 square feet is also available. The University District's dynamic atmosphere, proximity to the University of Washington, and excellent transportation options make this location highly desirable. This property presents a unique opportunity to establish a presence in a thriving, diverse community with a strong mix of educational, cultural, and commercial activity. The building's 1999 renovation ensures modern functionality within a historically significant structure. The property's location within the North Seattle submarket offers easy access to a wide range of amenities and a highly skilled workforce. This is an ideal opportunity for businesses seeking a well-maintained, versatile office space in a prime University District location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1937
Construction WOOD
Total area 2,280 SF
Lot 0.15 ac (6,450 SF)
Zoning code NC2-40
APN 674670-1750
UPID US90-1264432

Cap rate & NOI

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

Location

5048 Roosevelt NE Way Seattle, WA 98105-3611
Seattle metro Census 4402 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2026
Last sale
$5.6M
4 recorded transactions
2026
$5.6M
2015
$1.7M
2008
$945,375
1999
$475,000

Zoning & alternative use

NC2-40 · 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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