Taco Del Mar Restaurant
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For Sale
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2301 S Jackson Street Suite 212, Seattle, WA 98144
Restaurant space within a commercial retail property in Seattle.
Property Size1,128 SF
Price / SF$230.50
Days on Market6
Property Features for 2301 S Jackson Street Suite 212
General Information
Standard status
Active
Size
1,128 SF
Property subtype
Retail, Business for Sale
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
CCM Commercial
Listed By:
Cal Mitchell · License #WA
Source:
Crexi
Added: Aug 29
Changed: Sep 3
Last Checked: Sep 3 at 2:32AM
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 CCM Commercial
Investment Insights
Based on property information with market context.
Restaurant space identified as Taco Del Mar, located in Suite 212 at 2301 S Jackson Street in Seattle, Washington. The property contains 1,128 square feet and is presented as a restaurant and retail asset.
Key Highlights
- 1,128 square feet of restaurant space
- Located in Suite 212
- 2301 S Jackson Street address
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
$19,005
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
7.31%
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%
$380,100
$380.1K
Cap Rate 7%
$271,500
$271.5K
Cap Rate 9%
$211,167
$211.2K
Market Conditions
NOI Build-Up for 1,128 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
$26.0K $23.04/SF
− Vacancy
−$650 −$0.58/SF
EGI
$25.3K $22.46/SF
− OpEx
−$6.3K −$5.62/SF
NOI
$19.0K $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 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%
$380,100
Cap Rate 7%
$271,500
Cap Rate 9%
$211,167
Alternative Uses
Best Use
Specialty Retail
$271.5K
$237.6K – $316.8K
NOI $19,005 @ 7.0% cap · market cap 7.31%
Second Best
Retail
$240.3K
$210.2K – $280.3K
NOI $16,819 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$339.4K
$296.9K – $395.9K
NOI $23,755 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,099
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98144, WA
32,178
Population
16,381
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
9,464
Density / Sq Mi
$94,051
Median Household Income
$65,078
Median Earnings
$1,805
Median Rent
$890,400
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space within a commercial retail property in Seattle.
Where is this conventional restaurant located?
The property is located at 2301 S Jackson Street Suite 212 Seattle, WA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,128 square feet of restaurant space; Located in Suite 212; 2301 S Jackson Street address
