Retail/Office Space with
22805 SE 216th Way Maple Valley, WA 98038
22805 SE 216th Way, Maple Valley, WA, 98038
$895,000
For Sale
$895,000
Retail/office space with detached shop/warehouse and fenced yard/parking.
Property Size3,216 SF
Price / SF$278.30
Days on Market242
Property Features for 22805 SE 216th Way
General Information
- Standard status
- Active
- Size
- 3,216 SF
- Property subtype
- Office
Listing agency
NAI Puget Sound Properties
(206) 794-0443
Listed by
Bob Swain, CCIM
(206) 794-0443
Source
Naiglobal
Added: Nov 21, 2025 Updated: Jul 6 at 8:54AM Checked: Jul 21 at 6:06AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
Located on a hard corner, this property is suitable for retail or office use. It offers convenient access to Lake Wilderness Park and the downtown area with boutiques and local eateries. The property includes a total of 3,216 square feet, with 2,376 square feet designated for retail or office space and an 840-square-foot detached shop or warehouse. The lot size is 14,831 square feet and includes a fenced storage yard or parking area. The zoning is NB; Neighborhood Business (King County), which allows for mixed-use development. Seller financing may be considered.
Key Highlights
- High‑visibility hard corner location ideal for retail or office use.
- Large 14,831 SF lot with 3,216 SF total building space.
- Includes a detached 840 SF shop/warehouse.
Local 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 | $115.8k | $36.00 |
| − Vacancy | −$25.4k | −$7.88 |
| EGI | $90.4k | $28.12 |
| − OpEx | −$22.6k | −$7.03 |
| NOI | $67.8k | $21.09 |
3,216 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$968.8K
$847.7K – $1.13M
NOI $67,816 @ 7.0% cap · market cap 7.58%
Second Best
Retail
$821.9K
$719.1K – $958.8K
NOI $57,530 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,166 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Good Earth Works
Hardware & Home Improvement
FAQs
What type of property is this?
Retail space - Retail/office space with detached shop/warehouse and fenced yard/parking.
Where is this retail space located?
The property is located at 22805 SE 216th Way Maple Valley, WA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High‑visibility hard corner location ideal for retail or office use.; Large 14,831 SF lot with **3,216 SF total building space**.; Includes a **detached 840 SF shop/warehouse**.
