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    Retrofitted Flex Space Near Seattle Title is generated by Realmo AI

    2741 4th Ave S, Seattle, WA 98109

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    Functional flex space with industrial feel, convenient Seattle access.

    Type:LIFE_SCIENCE
    Property size:
    6,098 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $278/SF
    Added:
    Mar 31, 2025
    Days on Market:
    461
    Last Refresh:
    Apr 5 at 8:48 pm

    Property Features for 2741 4th Ave S

    General Information

    Standard status
    Active
    Size
    6,098 SF
    Lot size
    0.21 Acres
    Property subtype
    LIFE_SCIENCE

    We can help!

    Contact an agent
    Marc Mowrer
    Marc Mowrer

    Listing office Leavitt Capital Co.

    Listing date Mar 31, 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 Leavitt Capital Co.

    HighLights

    • Convenient access to I‑90, LinkRail, and 99
    • Retrofitted space miles from Seattle's core
    • Industrial look and feel
    • Office potential
    • Highly functional space
    • Grade‑level door

    Overview

    This property offers a highly functional, retrofitted space located just miles from Seattle's core. The 6,098 square foot property features an industrial look and feel with office potential. It includes a grade-level door and convenient access to I-90, LinkRail, and 99. Please consult the offering memorandum for further property details.

    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 $185.1k $30.36
    − Vacancy −$42.4k −$6.95
    EGI $142.7k $23.41
    − OpEx −$35.7k −$5.85
    NOI $107.1k $17.56
    6,098 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.53M
    $1.34M – $1.78M (±1% cap)
    NOI $107,054 @ 7.0% cap · market cap 6.30%
    Second Best
    Warehouse
    $957.5K
    $837.8K – $1.12M (±1% cap)
    NOI $67,024 @ 7.0% cap · market cap 3.94%
    Theoretical Best
    Office A
    $1.83M
    $1.61M – $2.14M (±1% cap)
    NOI $128,422 @ 7.0% cap · market cap 7.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Pharmacy Daycare Center Bed & Breakfast Grocery & Convenience Store Pet Store Arcade & Gaming Center Nursing Home Pet Store & Service Florist Farmer's Market

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

    Similar Places Nearby

    • Aramark — 73 S Spokane St, Seattle, WA 98134
    • LISH — 2730 1st Ave S, Seattle, WA 98134
    • On Safari Foods — 3317 3rd Ave S, Seattle, WA 98134
    • lovely night catering — 2915 1st Ave S, Seattle, WA 98134
    • Sodexo — 3310 6th Ave S, Seattle, WA 98134

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.329
    Latitude
    47.5786

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    FAQs

    What type of property is this?
    Flex space - Functional flex space with industrial feel, convenient Seattle access.
    Where is this flex space located?
    The property is located at 2741 4th Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Convenient access to I‑90, LinkRail, and 99; Retrofitted space miles from Seattle's core; Industrial look and feel
    (509) 927-7747 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marc Mowrer
    Marc Mowrer
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