Prime Retail Space in
2711 Madison St Seattle, WA 98112
For Sale
$4,550,000
Pending
Exceptional investment opportunity in Seattle's prestigious Madison Valley neighborhood.
Property Size11,400 SF
Days on Market293
Property Features for 2711 Madison St
General Information
- Standard status
- Pending
- Size
- 11,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing Agency:
NEWMARK
(206) 487-5167
Listed By:
ANNE MARIE KOEHLER
Source:
Corcoran
Added: Oct 8, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:51AM
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 NEWMARK
Investment Insights
Based on property information with market context.
This commercial property is located on East Madison Street between 27th and 28th Avenue E, placing it at the center of Madison Valley's retail core. Situated in Seattle's Madison Valley neighborhood, the property benefits from a location within one of the wealthiest trade areas in the nation. The property offers an investment opportunity at 2711 E Madison Street. The property size is 11400 square feet.
Key Highlights
- Premier address in Seattle's prestigious Madison Valley neighborhood.
- Located in one of the wealthiest trade areas in the nation.
- Positioned at the center of Madison Valley's vibrant retail core.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $250.3k | $21.96 |
| − Vacancy | −$7.5k | −$0.66 |
| EGI | $242.8k | $21.30 |
| − OpEx | −$72.9k | −$6.39 |
| NOI | $170.0k | $14.91 |
11,400 SF · lease $21.96/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.43M
$2.12M – $2.83M
NOI $169,984 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,081 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carlson Carolyn
Counselor
Loving The Self Therapeutic ...
Psychotherapist
Jessica Hafey Psychotherapy
Crisis Center
Canopy Therapy, PLLC
Crisis Center
Brooks M Avidon
Family Counselor
Similar Off Market Nearby
- Fleurish — 1818 E Madison St, Seattle, WA 98122
- Megan Mary Olander Flowers — 1911 E Aloha St, Seattle, WA 98112
FAQs
What type of property is this?
Storefront property - Exceptional investment opportunity in Seattle's prestigious Madison Valley neighborhood.
Where is this storefront property located?
The property is located at 2711 Madison St Seattle, WA.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: Premier address in Seattle's prestigious Madison Valley neighborhood.; Located in one of the wealthiest trade areas in the nation.; Positioned at the center of Madison Valley's vibrant retail core.
