Ballard Retail Owner-User
For Sale
Contact for pricing
1705 NW Market St, Seattle, WA 98107
Retail space in a high-traffic Seattle corridor.
Property Size1,859 SF
Price / SF$524.48
Days on Market167
Property Features for 1705 NW Market St
General Information
Standard status
Active
Size
1,859 SF
Property subtype
RETAIL
Listing Agency:
Kidder Mathews
(425) 454-7040
Listed By:
Kevin Verger · License #26206
(206) 946-9425
Source:
Moodyscre
Added: Apr 28
Changed: Oct 5
Last Checked: Oct 9 at 9:57PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This property presents an owner-user opportunity in the heart of Ballard. The property is currently leased on a month-to-month basis, offering the potential for near-term occupancy. Situated along NW Market St, the location benefits from approximately 18,000 vehicles per day, providing consistent exposure in an active retail corridor. The property is positioned in a dense, walkable neighborhood known for its mix of retail, dining, and residential uses. The surrounding area features national retailers including Safeway, Walgreens, McDonald’s, Starbucks, O’Reilly Auto Parts, Les Schwab Tire Centers, and Mud Bay. Ballard is characterized by a median household income of approximately $202,956 (+4.7% year-over-year). Over 52% of residents are between the ages of 25–44. The property is zoned MIO-65 / NC3-95, allowing for a range of uses including retail, restaurant, medical, and professional services. The property size is 1859 square feet.
Key Highlights
- Prime Ballard location with immediate access to retail, dining, and residential amenities.
- Attractive owner‑user opportunity with near‑term occupancy potential due to month‑to‑month lease.
- Exceptional zoning flexibility (MIO‑65 / NC3‑95) allowing for a wide range of uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,719
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,380
$554.4K
Cap Rate 7%
$395,986
$396.0K
Cap Rate 9%
$307,989
$308.0K
Market Conditions
NOI Build-Up for 1,859 SF
Gross rent
$40.8K $21.96/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$39.6K $21.30/SF
− OpEx
−$11.9K −$6.39/SF
NOI
$27.7K $14.91/SF
Area
Seattle, WA
Vacancy
3.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,380
Cap Rate 7%
$395,986
Cap Rate 9%
$307,989
Alternative Uses
Best Use
Retail
$396.0K
$346.5K – $462.0K
NOI $27,719 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.3K
$489.4K – $652.5K
NOI $39,150 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,499
Businesses Nearby
Explore this area
Business Placement
Demographics for 98107, WA
28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space in a high-traffic Seattle corridor.
Where is this retail space located?
The property is located at 1705 NW Market St Seattle, WA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime Ballard location with immediate access to retail, dining, and residential amenities.; Attractive owner‑user opportunity with near‑term occupancy potential due to month‑to‑month lease.; Exceptional zoning flexibility (MIO‑65 / NC3‑95) allowing for a wide range of uses.
