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    4850 37Th Ave S Seattle, WA 98118

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    For Sale
    $2,200,000

    Multi-tenant retail strip center in Columbia City neighborhood.

    Property size:
    5,326 SF

    Property Features for 4850 37Th Ave S

    General Information

    Standard status
    Active
    Size
    5,326 SF

    Building Details

    Year built
    1959

    Source: JOHN L. SCOTT - KENT Agent ANTONIO LOPEZ

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Seattle Retail Investment Opportunity

    Located in the Columbia City neighborhood of South Seattle, the property at 4850 37th Ave S is a retail investment opportunity. The multi-tenant retail strip center provides 5,362 square feet of rentable space, including 4,280 square feet of retail space and 1,082 square feet of office space. The property benefits from high visibility and proximity to Rainier Ave S, with pedestrian traffic and accessibility to public transit and major roadways. Built in 1959 and renovated in 1975, the building is of masonry construction and sits on a 6,600 square foot lot. The zoning is NC3-40 (Neighborhood Commercial), which allows for mixed-use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Books4cars.com - Automotive Book ... Book Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2859457
    Latitude
    47.5583822

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    FAQs

    What type of property is this?
    Strip mall - Multi-tenant retail strip center in Columbia City neighborhood.
    Where is this strip mall located?
    The property is located at 4850 37Th Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Prime retail location in the vibrant Columbia City neighborhood of South Seattle.; - High visibility and strong pedestrian traffic due to proximity to Rainier Ave S.; - Multi-tenant retail strip center with 5,362 SF of rentable space.
    Request Owner's contact information
    4850 37Th Ave S Seattle, WA 98118
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    Seattle, WA 98118
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    Realmo Value Estimation

    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.

    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.

    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
    4850 37Th Ave S Seattle, WA 98118
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