Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kenmore Restaurant Space with Patio Title is generated by Realmo AI

    18115 68th Ave NE, Kenmore, WA 98028

    View on Map
    Claim this Listing
    For Lease
    $6,087/Mo $40 SF/Yr (calc)

    Second-generation restaurant space in mixed-use development with outdoor seating.

    Type:Commercial
    Property size:
    1,826 SF
    Added:
    Jan 21, 2026
    Days on Market:
    134
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for 18115 68th Ave NE

    General Information

    Standard status
    Active
    Size
    1,826 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2019

    We can help!

    Listing Contact
    ANGELA OLIVERI

    Listing agent ANGELA OLIVERI

    Listing office FIRST WESTERN PROPERTIES, INC.

    Listing date Jan 21, 2026

    Source Corcoran

    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 FIRST WESTERN PROPERTIES, INC.

    HighLights

    • 2nd Generation Restaurant Space (Former Zeeks Pizza)
    • Located in Flyway Retail + Living mixed‑use development with 300+ residences
    • High‑traffic location on NE Bothell Way in Downtown Kenmore
    • Type 2 hood in place
    • Enjoy the outdoor patio
    • Built in 2019

    Overview

    This 1,826 square-foot, second-generation restaurant space is available for lease. Formerly Zeeks Pizza, the space includes an outdoor patio and a Type 2 hood. It is located within Flyway Retail + Living, a mixed-use development in Downtown Kenmore along NE Bothell Way. Flyway combines retail space with over 300 residences, providing built-in foot traffic. The project features storefronts, outdoor seating, and a landscaped pedestrian breezeway near the Kenmore Town Center. Nearby retailers include Safeway, Grocery Outlet, Dollar Tree, CVS Pharmacy, Jimmy John’s, Taco Time, Domino’s, McDonald’s, Starbucks, and Super Supplements. The property is suitable for conventional restaurants and other retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenmore
    County
    King
    State
    Washington
    Longitude
    -122.249243
    Latitude
    47.760697

    Nearby Similar for Lease

    • $800/Mo
      345 SF

      Kenmore Office Space For Lease

      345 SF office space in Kenmore available for lease.
      6443 181st St, Kenmore, WA 98028
      View Details
    • $1,140/Mo
      855 SF

      Office Space on SR-522

      Office space for rent with prominent signage and ample parking.
      5701 Bothell Way, Kenmore, WA 98028
      View Details
    • $40 SF/Yr
      1,685 SF

      Kenmore Restaurant Space with Patio

      Second-generation restaurant space in mixed-use development with residences.
      18115 68th Ave NE, Kenmore, WA
      View Details
    • $3,544/Mo
      1,575 SF

      Downtown Kenmore Medical Office Space

      Premier medical/professional office space in downtown Kenmore.
      6610 181st St, Kenmore, WA 98028
      View Details
    • $27 SF/Yr
      1,575 SF

      Downtown Kenmore Medical/Professional Office

      Premier medical/professional office space in the heart of Kenmore.
      6610 NE 181st St, Kenmore, WA
      View Details
    • $1,500/Mo
      630 SF

      Kenmore Retail Space For Rent

      Retail space available in Kenmore, Washington, offering 630 square feet.
      17455 68th Ave NE, Kenmore, WA
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Second-generation restaurant space in mixed-use development with outdoor seating.
    Where is this conventional restaurant located?
    The property is located at 18115 68th Ave NE Kenmore, WA.
    What is the lease rate?
    The lease rate is $6,087 /Mo.
    What are key features of this property?
    This property features: 2nd Generation Restaurant Space (Former Zeeks Pizza); Located in Flyway Retail + Living mixed‑use development with 300+ residences; High‑traffic location on NE Bothell Way in Downtown Kenmore
    We can help!
    Listing Contact
    ANGELA OLIVERI
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18115 68th Ave NE, Kenmore, WA 98028
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!