Café Retail
1408-1424 E Pine, Seattle, WA 98122
For Sale
Contact for pricing
Food-service retail space positioned near Cal Anderson Park in Seattle’s Capitol Hill area.
Property Size1,145 SF
Price / SF$567.69
Days on Market98
Property Features for 1408-1424 E Pine
General Information
Standard status
Size
Property subtype
Listing Agency:
Ayers Commercial Group
(206) 600-9294
Listed By:
Matthew Fay · License WA #25016379
(952) 769-6534
Source:
Moodyscre
Added: Aug 5
Changed: Nov 3
Last Checked: Nov 10 at 9:06AM
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 Ayers Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,145-square-foot condominium is a café-oriented retail property at 1408-1424 E Pine in Seattle. The space is identified for food use and is presented in move-in-ready condition, providing an existing setting for a café operation.
The property sits on E Pine, within blocks of Cal Anderson Park. Its condominium format combines an established retail setting with a food-service-oriented use profile.
The property sits on E Pine, within blocks of Cal Anderson Park. Its condominium format combines an established retail setting with a food-service-oriented use profile.
Key Highlights
- 1,145‑square‑foot café retail condominium
- Food‑use property offered in move‑in‑ready condition
- Located at 1408‑1424 E Pine, Seattle, WA 98122
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,291
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,820
$385.8K
Cap Rate 7%
$275,586
$275.6K
Cap Rate 9%
$214,344
$214.3K
Market Conditions
NOI Build-Up for 1,145 SF
Gross rent
$26.4K $23.04/SF
− Vacancy
−$660 −$0.58/SF
EGI
$25.7K $22.46/SF
− OpEx
−$6.4K −$5.62/SF
NOI
$19.3K $16.85/SF
Area
Seattle, WA
Vacancy
2.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,820
Cap Rate 7%
$275,586
Cap Rate 9%
$214,344
Alternative Uses
Best Use
Specialty Retail
$275.6K
$241.1K – $321.5K
NOI $19,291 @ 7.0% cap · market cap 2.97%
Second Best
Retail
$243.9K
$213.4K – $284.6K
NOI $17,073 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$344.5K
$301.4K – $401.9K
NOI $24,113 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,370
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98122, WA
41,646
Population
24,942
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
18,107
Density / Sq Mi
$106,479
Median Household Income
$69,673
Median Earnings
$1,991
Median Rent
$929,400
Median Home Value
Market
Properties on Market for Coffee shops in King County
Vacancy Rate% for Retail in Seattle, WA
Similar Off Market Nearby
- The Usual — 1414 E Yesler Wy, Seattle, WA 98122
- Broadcast Coffee — 1918 E Yesler Wy, Seattle, WA 98122
- Zemlac Coffee — 125 20th ave s, seattle, wa 98122
- McAfee USA — 417 12th Ave, Seattle, WA 98122
- Drip Drip coffeehouse — 355 15th Ave, Seattle, WA 98122
Frequently Asked Questions
What type of property is this?
Coffee shop - Food-service retail space positioned near Cal Anderson Park in Seattle’s Capitol Hill area.
Where is this coffee shop located?
The property is located at 1408-1424 E Pine Seattle, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,145‑square‑foot café retail condominium; Food‑use property offered in move‑in‑ready condition; Located at 1408‑1424 E Pine, Seattle, WA 98122
