Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    5508 35th NE Ave Seattle, WA 98105-2300
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5508 35th NE Ave Seattle, WA 98105-2300

    View on Map
    • Office buildings
    • 9,160 SF
    • 0.10 lot acres
    Off-Market
    Property ID
    US90-1501019
    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.
    Value Estimations
    $1,295,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mat Chess Mixed Martial Arts / Training Center / Sports School
    • Metric Media, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • Fibonacci Production Studio / Recording Studio
    • Whitman Environmental Sciences / Sustainability Organization / Volunteer Organization
    • Corporate Council Solutions / Family Counselor

    Property Details for 5508 35th NE Ave

    Year built
    1939
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    9,160 SF
    Zone code
    NC1-55 (M)
    Property type
    Office buildings
    APN
    881990-0015
    APU
    8819900015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.29
    Latitude
    47.6689
    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
    $19,179
    $1,369,600
    $891,200
    $2,260,800
    -
    $1,369,600
    $891,200
    $2,260,800

    Comparable in this City

    • Value Estimation
      $4,660,000
      33,910 SF

      4518 University NE Way

      OFFICE BUILDING • 33,910 SF
      4518 University NE Way, Seattle, WA 98105-4530
      View Details
    • Value Estimation by Request
      800 SF

      5715 Roosevelt NE Way

      OFFICE BUILDING • 800 SF
      5715 Roosevelt NE Way, Seattle, WA 98105
      View Details
    • Value Estimation by Request
      1,440 SF

      3914 45th St

      OFFICE BUILDING • 1,440 SF
      3914 45th St, Seattle, WA 98105-5134
      View Details
    • Value Estimation
      $545,000
      3,080 SF

      2817 55th St

      OFFICE BUILDING • 3,080 SF
      2817 55th St, Seattle, WA 98105-5536
      View Details
    • Value Estimation
      $705,000
      4,000 SF

      4739 University NE Way

      OFFICE BUILDING • 4,000 SF
      4739 University NE Way, Seattle, WA 98105-4412
      View Details
    • Value Estimation
      $1,875,000
      9,870 SF

      4534 11th NE Ave

      OFFICE BUILDING • 9,870 SF
      4534 11th NE Ave, Seattle, WA 98105-4609
      View Details

    Similar Nearby for Sale

    • $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

      Updated Office Building in Wallingford

      Updated commercial office building in Wallingford, ideal for owner-users.
      4510 Thackeray Pl 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
    • 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
    • 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
    • $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

    Similar Nearby for Lease

    • $42 SF/Yr
      13,740 SF

      Modern Class A Office Space

      Class A office building in Seattle's University District.
      4545 Roosevelt Way Northeast, Seattle, WA 98105
      View Details
    • Contact for pricing
      388,000 SF

      Modern Office and Retail Space

      Office and retail spaces with excellent amenities and transit access.
      4536 Brooklyn Ave Northeast, Seattle, WA 98105
      View Details
    • Contact for pricing
      388,000 SF

      Seattle Office and Retail Space

      Office and retail space with park access in Seattle.
      4530 12Th Ave Northeast, Seattle, WA 98105
      View Details
    • Contact for pricing

      Modern Office Space in Seattle

      Flexible office spaces in Seattle's University District.
      4300 Roosevelt Way NE, 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
    • $10,840 /Mo
      4,196 SF

      Seattle Flex Space Available

      Flex space available for rent in Seattle, Washington.
      1107 45Th St, 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.
    5508 35th NE Ave
    Seattle, WA 98105-2300
    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!