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    OFF-MARKET
    Office buildings

    5048 Roosevelt NE Way, Seattle, WA 98105-3611

    2,280 SF 0.15 ac lot Built 1937
    Individually Owned ~ Est. High Equity
    Property ID
    US90-1264432
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Sv Archive
    Sv Archive
    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
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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