Two-Floor Office Building with
1003 7th Avenue Kirkland, WA 98033
For Sale
Contact for pricing
A 6,000 SF office building on a 13,200 SF lot with 17 surface parking stalls and separate private entrances.
Property Size6,000 SF
Lot Size0.30 Acres
Price / SF$583.33
Days on Market339
Property Features for 1003 7th Avenue
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.30 Acres
Property subtype
OFFICE
Listing Agency:
KW Commercial GSWA MCI LLC
(206) 790-3312
Listed By:
Irene Mendoza · License #121517
(206) 790-3312
Source:
Moodyscre
Added: Aug 26, 2025
Changed: Jul 26
Last Checked: Jul 29 at 1:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial GSWA MCI LLC
Investment Insights
Based on property information with market context.
A 6,000 SF, two-story office building sits on a 13,200 SF lot and is move-in ready for tenants today. The space includes updated interiors, generous natural light from window lines on both levels, and separate private entrances designed to support either multi-tenant configuration or full-building occupancy. The property also includes 17 surface parking stalls for on-site employee and client access.
The site is positioned for redevelopment under Kirkland’s Urban Flex (UF) zoning, which allows a mixed-use concept up to 45 feet, with ground-floor retail and residential reserved for upper levels. Seller financing is available. The area is supported by major planned public infrastructure, including the upcoming NE 85th Street Bus Rapid Transit (BRT) station and the redesigned I-405 interchange (completion 2028–2029), and it is adjacent to the Cross Kirkland Corridor walking and biking trail.
With existing office improvements and UF zoning flexibility for future mixed-use development, the property offers a dual-track path for near-term occupancy and long-term redevelopment planning.
The site is positioned for redevelopment under Kirkland’s Urban Flex (UF) zoning, which allows a mixed-use concept up to 45 feet, with ground-floor retail and residential reserved for upper levels. Seller financing is available. The area is supported by major planned public infrastructure, including the upcoming NE 85th Street Bus Rapid Transit (BRT) station and the redesigned I-405 interchange (completion 2028–2029), and it is adjacent to the Cross Kirkland Corridor walking and biking trail.
With existing office improvements and UF zoning flexibility for future mixed-use development, the property offers a dual-track path for near-term occupancy and long-term redevelopment planning.
Key Highlights
- 6,000 SF office building on a 13,200 SF lot in Kirkland with 17 surface parking stalls
- Urban Flex (UF) zoning allows a mixed‑use project up to 45 feet, with retail/commercial ground‑floor uses and residential on upper floors
- Building layout includes 6,000 SF across two floors (3,000 SF each) with separate private entrances for easy multi‑tenant setup or full‑building occupancy
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $36.00 |
| − Vacancy | −$47.3k | −$7.88 |
| EGI | $168.7k | $28.12 |
| − OpEx | −$42.2k | −$7.03 |
| NOI | $126.5k | $21.09 |
6,000 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,522 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,221 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - A 6,000 SF office building on a 13,200 SF lot with 17 surface parking stalls and separate private entrances.
Where is this office units located?
The property is located at 1003 7th Avenue Kirkland, WA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 6,000 SF office building on a 13,200 SF lot in Kirkland with 17 surface parking stalls; Urban Flex (UF) zoning allows a mixed‑use project up to 45 feet, with retail/commercial ground‑floor uses and residential on upper floors; Building layout includes 6,000 SF across two floors (3,000 SF each) with separate private entrances for easy multi‑tenant setup or full‑building occupancy
