Restaurant and Bar For
For Sale
Contact for pricing
23025 100th Ave W, Edmonds, WA 98020
Retail restaurant and bar property built in 1966, offered for sale in Westgate Mixed-Use zoning.
Property Size4,607 SF
Lot Size0.34 Acres
Price / SF$423.27
Days on Market82
Property Features for 23025 100th Ave W
General Information
Standard status
Active
Size
4,607 SF
Lot size
0.34 Acres
Property subtype
RETAIL
Zoning
WMU
Additional Details
Business Included
No
Building Details
Year Built
1966
Listing Agency:
NAI Puget Sound Properties
(425) 652-1722
Listed By:
Blake Stedman · License #WA2495
(425) 652-1722
Source:
Moodyscre
Added: May 22
Changed: Aug 11
Last Checked: Aug 10 at 11:15AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This for-sale retail restaurant and bar property includes a building constructed in 1966. The offering is 4,607 square feet of rentable area on a 14,810 square foot lot.
The property is zoned Westgate Mixed-Use (WMU). Retail/restaurant/bar use is indicated for the site, and prospective parties should not approach the tenant without the listing broker present.
Transaction details are provided for this single-use restaurant and bar offering, with listing disclosures available through the broker.
The property is zoned Westgate Mixed-Use (WMU). Retail/restaurant/bar use is indicated for the site, and prospective parties should not approach the tenant without the listing broker present.
Transaction details are provided for this single-use restaurant and bar offering, with listing disclosures available through the broker.
Key Highlights
- Retail restaurant and bar property with 4,607 SF RBA
- Built in 1966
- 14,810 SF lot size
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
$71,704
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
3.68%
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%
$1,434,080
$1.4M
Cap Rate 7%
$1,024,343
$1.0M
Cap Rate 9%
$796,711
$796.7K
Market Conditions
NOI Build-Up for 4,607 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
$101.2K $21.96/SF
− Vacancy
−$5.6K −$1.21/SF
EGI
$95.6K $20.75/SF
− OpEx
−$23.9K −$5.19/SF
NOI
$71.7K $15.56/SF
Area
Snohomish County, WA
Vacancy
5.50%
Lease Rate
$21.96 /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%
$1,434,080
Cap Rate 7%
$1,024,343
Cap Rate 9%
$796,711
Alternative Uses
Best Use
Specialty Retail
$1.02M
$896.3K – $1.20M
NOI $71,704 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,937 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
156k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 33%
Shops & Services 15%
Apparel 10%
QFC
Groceries
35,999 visits/mo
0.1 miles
PCC Community Markets
Groceries
25,821 visits/mo
0.1 miles
McDonald's
Dining
18,555 visits/mo
0.1 miles
Goodwill
Apparel
15,538 visits/mo
0.2 miles
Starbucks
Dining
11,905 visits/mo
0.1 miles
Demographics for 98020, WA
20,236
Population
9,379
Households
2.2
Avg Household Size
52
Median Age
60%
College-Educated
98%
High-School Grad
5.2 sq mi
ZIP Area
3,892
Density / Sq Mi
$122,243
Median Household Income
$73,725
Median Earnings
$1,894
Median Rent
$959,200
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
- Edway Tap House — 22811 100th Ave W, Edmonds, WA 98020
- Starbucks — 22828 100th Ave W, Edmonds, WA 98020
- sdf — 650 Edmonds Way, Edmonds, WA 98020
Frequently Asked Questions
What type of property is this?
Bar & Pub - Retail restaurant and bar property built in 1966, offered for sale in Westgate Mixed-Use zoning.
Where is this bar & pub located?
The property is located at 23025 100th Ave W Edmonds, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Retail restaurant and bar property with 4,607 SF RBA; Built in 1966; 14,810 SF lot size
