Gyros Time Restaurant with Covered
For Sale
$249,950
10400 Greenwood Ave N, Seattle, WA 98133
Operating restaurant with commercial kitchen equipment and an existing lease structure.
Property Size1,100 SF
Price / SF$227.23
Days on Market81
Property Features for 10400 Greenwood Ave N
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Business Opportunity
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Patio
Yes
Additional Details
Business Included
Yes
Listing Agency:
Better Properties Kent LLC
Listed By:
Surinder Khela
(206) 240-5035
Source:
Navidirealty
Added: Jul 26
Changed: Oct 12
Last Checked: Oct 7 at 1:11PM
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 Better Properties Kent LLC
Investment Insights
Based on property information with market context.
Gyros Time is an operating restaurant at 10400 Greenwood Ave N in Seattle. The premises measure approximately 1,100 SF and include covered outdoor seating, a commercial kitchen, and an established restaurant operation dating to 2017.
Kitchen infrastructure includes a 10' Class I hood, three-compartment sink, handwashing sink, mop sink, ice maker, two freezers, and two refrigerators. The business also includes a Clover POS system. The lease has a 5-year term with another 5-year option, and the lease structure is NNN.
Kitchen infrastructure includes a 10' Class I hood, three-compartment sink, handwashing sink, mop sink, ice maker, two freezers, and two refrigerators. The business also includes a Clover POS system. The lease has a 5-year term with another 5-year option, and the lease structure is NNN.
Key Highlights
- Gyros Time restaurant business established in 2017
- Approximately 1,100 SF plus covered outdoor seating
- 10' Class I Hood and commercial kitchen infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,839
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,780
$416.8K
Cap Rate 7%
$297,700
$297.7K
Cap Rate 9%
$231,544
$231.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$28.6K $26.04/SF
− Vacancy
−$859 −$0.78/SF
EGI
$27.8K $25.26/SF
− OpEx
−$6.9K −$6.31/SF
NOI
$20.8K $18.94/SF
Area
ZIP 98133
Vacancy
3.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,780
Cap Rate 7%
$297,700
Cap Rate 9%
$231,544
Alternative Uses
Best Use
Specialty Retail
$297.7K
$260.5K – $347.3K
NOI $20,839 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.2K
$274.0K – $365.4K
NOI $21,923 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98133, WA
50,720
Population
24,730
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
7,144
Density / Sq Mi
$92,371
Median Household Income
$60,328
Median Earnings
$1,794
Median Rent
$719,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant with commercial kitchen equipment and an existing lease structure.
Where is this conventional restaurant located?
The property is located at 10400 Greenwood Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $249,950.
What are key features of this property?
This property features: Gyros Time restaurant business established in 2017; Approximately 1,100 SF plus covered outdoor seating; 10' Class I Hood and commercial kitchen infrastructure
