5048 Roosevelt NE Way, Seattle, WA 98105-3611
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NC2-40 · Seattle, WASeattle. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.