Storefront Commercial
12056 15th Avenue NE #C2, Seattle, WA 98125
For Sale
$399,000
An open main area is complemented by separate office, meeting, reception, and kitchenette spaces.
Property Size1,083 SF
Price / SF$368.42
Days on Market24
Property Features for 12056 15th Avenue NE #C2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Floor
Building Details
Year Built
Listing Agency:
Windermere Real Estate GH LLC
(425) 672-1118
Listed By:
Adam E. Cobb · License #100973
(206) 854-9454
Source:
Dalewalters
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 8 at 1:16PM
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 Windermere Real Estate GH LLC
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Investment Insights
Based on property information with market context.
This 1,083-square-foot storefront suite, built in 1993, has a street-level entry and window frontage. Its open main room is finished with hardwood-style flooring, with a separate reception area, private office or consultation room, and meeting space. A kitchenette with a double sink and cabinetry, restroom, and storage round out the interior; windows provide natural light throughout.
The property is on 15th Ave NE in Seattle’s Pinehurst neighborhood, among residential communities and neighborhood businesses. Northgate, Lake City, shopping, dining, and major transportation corridors are identified as nearby destinations or connections.
The property is on 15th Ave NE in Seattle’s Pinehurst neighborhood, among residential communities and neighborhood businesses. Northgate, Lake City, shopping, dining, and major transportation corridors are identified as nearby destinations or connections.
Key Highlights
- 1,083 square feet of commercial space
- Street‑level entrance with storefront windows
- Open main area, private office, separate meeting room, and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,061
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,220
$441.2K
Cap Rate 7%
$315,157
$315.2K
Cap Rate 9%
$245,122
$245.1K
Market Conditions
NOI Build-Up for 1,083 SF
Gross rent
$32.5K $30.00/SF
− Vacancy
−$975 −$0.90/SF
EGI
$31.5K $29.10/SF
− OpEx
−$9.5K −$8.73/SF
NOI
$22.1K $20.37/SF
Area
ZIP 98125
Vacancy
3.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,220
Cap Rate 7%
$315,157
Cap Rate 9%
$245,122
Alternative Uses
Best Use
Retail
$315.2K
$275.8K – $367.7K
NOI $22,061 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$349.4K
$305.7K – $407.6K
NOI $24,455 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98125, WA
42,965
Population
21,493
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
7,956
Density / Sq Mi
$96,725
Median Household Income
$61,552
Median Earnings
$1,856
Median Rent
$844,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Seattle, WA
Properties on Market for Storefront properties in Seattle
Vacancy Rate% for Retail in Seattle, WA
Frequently Asked Questions
What type of property is this?
Storefront property - An open main area is complemented by separate office, meeting, reception, and kitchenette spaces.
Where is this storefront property located?
The property is located at 12056 15th Avenue NE #C2 Seattle, WA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,083 square feet of commercial space; Street‑level entrance with storefront windows; Open main area, private office, separate meeting room, and reception area
