Green Lake Mixed-Use
305 NE 65th Street Seattle, WA 98115
305 NE 65th Street, Seattle, WA, 98115
$1,650,000
For Sale
$1,650,000
Seattle commercial property with retail and residential units for sale.
Property Size3,250 SF
Lot Size0.12 Acres
Price / SF$507.69
Days on Market468
Property Features for 305 NE 65th Street
General Information
- Standard status
- Active
- Size
- 3,250 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1907
Listing agency
WINDERMERE REAL ESTATE/M2, LLC
(425) 776-9580
Listed by
NICKOLAS NICOLOUDAKIS
Source
Corcoran
Added: Apr 10, 2025 Updated: Jul 6 at 10:01AM Checked: Jul 21 at 5:07AM
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/M2, LLC
Investment Insights
Based on property information with market context.
Located in Seattle's Green Lake neighborhood, this mixed-use property presents a commercial real estate investment opportunity. The building has a total area of 3,250 square feet and is situated on a 5,400 square foot lot. The property currently houses one retail business and three housing units. Recent rezoning allows for building up to 40 feet in height, offering potential for future development.
Key Highlights
- Rare commercial property investment opportunity in Seattle's Green Lake neighborhood.
- Rezoning allows building up to 40 feet.
- 3,250 sq ft building on a 5,400 sq ft lot.
Local Financial Insights For Retail
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 | $103.0k | $31.68 |
| − Vacancy | −$3.1k | −$0.95 |
| EGI | $99.9k | $30.73 |
| − OpEx | −$30.0k | −$9.22 |
| NOI | $69.9k | $21.51 |
3,250 SF · lease $31.68/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$998.7K
$873.9K – $1.17M
NOI $69,910 @ 7.0% cap · market cap 4.24%
Second Best
Mixed Use
$828.8K
$725.2K – $966.9K
NOI $58,013 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,120 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Soci Hair Studio
Hair Salon
A.M.H. Studio
Spa & Massage Center
TATTOOS BY HEIDI
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Seattle commercial property with retail and residential units for sale.
Where is this mixed-use property located?
The property is located at 305 NE 65th Street Seattle, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Rare commercial property investment opportunity in Seattle's Green Lake neighborhood.; Rezoning allows building up to 40 feet.; 3,250 sq ft building on a 5,400 sq ft lot.
