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    1471-1481 NW 85Th St Seattle, WA 98103

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    For Sale
    $2,750,000

    Mixed-use building in Ballard with high exposure and foot-traffic.

    Property size:
    8,229 SF
    Lot size:
    0.19 Acres

    Property Features for 1471-1481 NW 85Th St

    General Information

    Size
    8,229 SF
    Lot size
    0.19 Acres

    Source: Real Property Associates Agent Eric Nissen

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

    Overview

    Ballard Mixed-Use Investment Opportunity

    This mixed-use building in Ballard presents an investment opportunity, offering 8458 rentable square feet. The property features three street-level retail units and a large residential apartment on the second floor. Two of the retail spaces are occupied by long-term tenants. One 1500 square foot unit is currently vacant. The restaurant and upstairs tenant operate on a month-to-month basis. The hookah lounge has a lease extending until 2028, with an option to extend. The property benefits from its location next to Safeway at a busy intersection, resulting in high exposure and foot traffic. Rents are currently under market value. Pro forma financials have been used for the vacant unit.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -122.3758558
    Latitude
    47.6904498

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in Ballard with high exposure and foot-traffic.
    Where is this mixed-use property located?
    The property is located at 1471-1481 NW 85Th St Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - High foot-traffic location next to Safeway at a busy intersection.; - Significant investment opportunity with 8458 rentable square feet.; - Mixed-use building with 3 street-level units and 1 large residential apartment.
    (206) 523-0300
    Request Owner's contact information
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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
    1471-1481 NW 85Th St Seattle, WA 98103
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