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4241 21st Ave W
Seattle, WA 98199 Interbay

$2,500,000 USD

Office For Sale • 20,778 SF

Property Details

Property Type Office
Total Building Size 20,778 SF
Lot Size 0.28 AC
Building Class B
Year Built 1979
Cap Rate 10.06 %
Tenancy Multiple
Zoning MML U/65

53 Transit Score

65 Walk Score

                
                    Highlights
                
                                Remodeled office building with ample off-street parking
                            
                                Flexible leases and the ability for an owner to occupy a portion or all of the property
                            
                                Updated building systems and building amenities include a common conference room and kitchenette, shower facilities, bike storage/parking
                            
                                23+ off-street parking spaces including 8 covered parking and guest parking
                            
                                Excellent views and location close to Vertical World Climbing Gym, Discovery Park & Fisherman's Terminal
                            
                                4.6% cap rate based on in-place income and 62% occupancy. If 90% occupied, cap rate increases to 10%

Property Flyers

4241 21st Ave W

Financial Summary (Proforma)

Net Operating Income: $251,200 USD (2026)

Cap Rate:	10.06 %
Total Expenses:	$161,900 USD

Amenities

Bus Line
Controlled Access
Conferencing Facility
Security System
Signage
Skylights
Kitchen
Accent Lighting
Storage Space
Demised WC facilities
High Ceilings
Direct Elevator Exposure
Natural Light
Plug & Play
Shower Facilities
Air Conditioning
Fiber Optic Internet
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	17 min	-	5.5 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	37 min	-	18.5 mi
Seattle Paine Field International	42 min	-	23.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes

Lauren Hendricks 206-999-9161 Windermere Commercial

4241 21st Ave W Seattle, WA 98199 Interbay