Established Coffee Shop
For Sale
$238,000
14603 NE 20th #C-06, Bellevue, WA 98007
Existing bubble tea shop within an Asian family market plaza with on-site parking.
Property Size934 SF
Price / SF$254.82
Days on Market75
Property Features for 14603 NE 20th #C-06
General Information
Standard status
Active
Size
934 SF
Total Parking Spaces
100
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Listing Agency:
RE/MAX Town Center
(425) 224-8400
Listed By:
Amy Wang · License #1110494
(425) 224-8400
Source:
Multifamilyspecialist
Added: Jun 4
Changed: Aug 16
Last Checked: Aug 16 at 5:42AM
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 RE/MAX Town Center
Investment Insights
Based on property information with market context.
This established bubble tea shop is located within Asian Family Market Plaza and is being offered as an existing retail operation. The space is identified as 934ft in the property information.
The property is at 14603 NE 20th #C-06 in Bellevue, Washington. Plaza parking is available for customers, and the retail setting provides a direct connection to the surrounding market environment.
The property is at 14603 NE 20th #C-06 in Bellevue, Washington. Plaza parking is available for customers, and the retail setting provides a direct connection to the surrounding market environment.
Key Highlights
- Established bubble tea shop in Asian Family Market Plaza
- Located at 14603 NE 20th #C‑06, Bellevue, WA 98007
- Customer parking spaces available within the plaza
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,668
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,360
$373.4K
Cap Rate 7%
$266,686
$266.7K
Cap Rate 9%
$207,422
$207.4K
Market Conditions
NOI Build-Up for 934 SF
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.
Gross rent
$26.3K $28.20/SF
− Vacancy
−$1.4K −$1.55/SF
EGI
$24.9K $26.65/SF
− OpEx
−$6.2K −$6.66/SF
NOI
$18.7K $19.99/SF
Area
Bellevue, WA
Vacancy
5.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,360
Cap Rate 7%
$266,686
Cap Rate 9%
$207,422
Alternative Uses
Best Use
Specialty Retail
$266.7K
$233.4K – $311.1K
NOI $18,668 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.3K
$378.3K – $504.4K
NOI $30,262 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
52k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Groceries 44%
Dining 3%
Home Improvements & Furnishings 2%
QFC
Groceries
22,985 visits/mo
0.3 miles
Shell
Shops & Services
14,288 visits/mo
0.5 miles
ARCO
Shops & Services
7,508 visits/mo
0.3 miles
Shell
Shops & Services
4,916 visits/mo
0.3 miles
Papa Murphy's
Dining
1,422 visits/mo
0.4 miles
Demographics for 98007, WA
29,476
Population
12,403
Households
2.4
Avg Household Size
33
Median Age
69%
College-Educated
95%
High-School Grad
4.3 sq mi
ZIP Area
6,855
Density / Sq Mi
$126,814
Median Household Income
$81,818
Median Earnings
$2,276
Median Rent
$934,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coffee — 3000, bellevue, wa 98005
- Bellevue College Cafeteria — Bellevue, WA 98005
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- Starbucks — 3181 156th Ave SE, Bellevue, WA 98007
- Microsoft Advanta Cafe — 3007 158th Ave SE, Bellevue, WA 98007
Frequently Asked Questions
What type of property is this?
Coffee shop - Existing bubble tea shop within an Asian family market plaza with on-site parking.
Where is this coffee shop located?
The property is located at 14603 NE 20th #C-06 Bellevue, WA.
What is the asking price?
The asking price for this property is $238,000.
What are key features of this property?
This property features: Established bubble tea shop in Asian Family Market Plaza; Located at 14603 NE 20th #C‑06, Bellevue, WA 98007; Customer parking spaces available within the plaza
