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Property profile & analytics
FOR LEASE
Office buildings

633 Yesler Way Seattle, WA 98104

31,432 SF 0.3 ac lot Built 1909
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-1493393
Property summary
AI-generated overview

This exceptional commercial property at 633 Yesler Way in Seattle, WA 98104 offers a unique blend of traditional and creative office spaces. The building boasts three available units ranging from 510 square feet to 7,363 square feet, perfect for businesses of various sizes. Its prime location provides unparalleled visibility with I-5 exposure, offering excellent access and branding opportunities. Enjoy stunning views of Puget Sound from southern, eastern, and western exposures. The building's elegant interiors feature exposed brick and timber, creating a sophisticated and inspiring work environment. Adding to its appeal is the iconic Nippon Kan Theatre located strategically within the building, enhancing the property's character and prestige. The property is conveniently situated steps away from the Central Business District (CBD), Pioneer Square, First Hill, and the International District, providing easy access to a vibrant urban landscape. Parking is readily available with a ratio of 1.02 spaces per 1,000 square feet. The property is available for immediate occupancy. Contact for pricing and availability.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1909
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 31,432 SF
Lot 0.3 ac (12,900 SF)
Zoning code IDR 170
APN 524780-2080
UPID US90-1493393
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
Current use
Occupant on record · Public records
  • Seattle Clinical Research Center Medical Clinic
  • Hague Service Convention Contact Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.84M
CAP Approach CAP
$9.06M
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.98M
Owner & transaction history
Northwest Business Development Asso · 1 yrs held
Northwest Business Development Asso
since 2025
7 recorded transactions
2025
Price N/A
2024
Price N/A
2023
$9.8M
2019
$11.5M
2018
Price N/A
2005
$3.1M
1969
Price N/A
Zoning & alternative use
IDR 170 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $12.9M +16.4%
Retail stores $12.6M +13.5%
Apartment house (5+ units) $11.2M +0.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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