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    4538-4540 University Way NE Seattle, WA 98105

    For Lease
    $29 SF/Yr ($4,930 /Mo)

    Prime retail/restaurant space in vibrant, high-traffic pedestrian corridor.

    Property size:
    2,040 SF
    Lot size:
    0.14 Acres

    Property Features for 4538-4540 University Way NE

    General Information

    Size
    2,040 SF
    Lot size
    0.14 Acres

    Source: Westlake Associates, Inc. Agent Ellen Mohl

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

    Overview

    Retail/Restaurant Space with Mezzanine

    This street-level retail or restaurant space offers 2,040 square feet, complemented by an additional 400 square foot mezzanine provided at no extra cost. The property is situated in a central, high-traffic area, boasting a Walk Score of 99, indicating a highly walkable location. The space features 18-foot ceilings and includes two restrooms. Excellent visibility enhances its appeal. Convenient access to I-5 benefits both customers and deliveries. The property is suitable for retail, café, or restaurant businesses. Equipment is in place and available for an additional cost. An equipped kitchen is available for an additional cost and includes a 14-foot hood with a fire suppression system, an 8’ x 8’ walk-in cooler, three freezers, a grill, eight-burner stoves, a deep fryer, tables, chairs, and other equipment.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3127943
    Latitude
    47.6624591

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    FAQs

    What type of property is this?
    Retail space - Prime retail/restaurant space in vibrant, high-traffic pedestrian corridor.
    Where is this retail space located?
    The property is located at 4538-4540 University Way NE Seattle, WA.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in a high-traffic, central area with a 99 Walk Score.; - 2,040 SF of retail/restaurant space plus a 400 SF mezzanine at no extra cost.; - Soaring 18-foot ceilings and excellent visibility.
    (206) 505-9421
    Request Owner's contact information
    4538-4540 University Way NE Seattle, WA 98105
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    Seattle, WA 98105
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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
    4538-4540 University Way NE Seattle, WA 98105
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