87 Wall St, Seattle, WA 98121
Belltown office space with brick and timber interiors available for sale.
- Added:
- Mar 25, 2025
- Days on Market:
- 461
- Last Refresh:
- Apr 5 at 8:22 pm
Property Features for 87 Wall St
General Information
- Standard status
- Active
- Size
- 14,130 SF
- Lot size
- 0.17 Acres
- Property subtype
- OFFICE
Listing office Ewing & Clark Comm'l Brokerage (206) 838-7737
Listing date Mar 25, 2025
Source Moodyscre
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 Ewing & Clark Comm'l Brokerage
HighLights
- Fantastic Belltown location.
- Opportunity for owner/user, investor, tenant, or developer.
- Brick and timber interiors.
- Open office layout.
- Brick construction.
- Development potential.
Overview
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 | $429.0k | $30.36 |
| − Vacancy | −$98.2k | −$6.95 |
| EGI | $330.7k | $23.41 |
| − OpEx | −$82.7k | −$5.85 |
| NOI | $248.1k | $17.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.349
- Latitude
- 47.6141
