Bank Space Available For
For Sale
Contact for pricing
2720 3rd Ave, Seattle, WA 98121
Bank space featuring vault, conference room, and open workspace.
Property Size1,926 SF
Lot Size0.45 Acres
Price / SF$584.11
Days on Market686
Property Features for 2720 3rd Ave
General Information
Standard status
Active
Size
1,926 SF
Lot size
0.45 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 2720 3rd Ave
Former Bank Space
AVAILABLE, Immediately
Floor
Street
Size
1,926 SF
Type
RETAIL
Lease Type
NNN
Sublease
No
Bank space with two privates, conference, vault room, open work space and a large break room. Can also be purchased at $1,125,000. Tax iD #: 5677000000
Contact us
Listing Agency:
TRF Pacific, LLC.
(206) 985-0100
Listed By:
Rick Parks
(206) 985-0107
Source:
Moodyscre
Added: Nov 19, 2024
Changed: Sep 4
Last Checked: Oct 5 at 9:14PM
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 TRF Pacific, LLC.
Investment Insights
Based on property information with market context.
This 1926-square-foot property is suitable for use as a bank. The space includes two private offices, a conference room, a vault room, an open workspace, and a large break room. The property can be purchased.
Key Highlights
- Bank space with vault room.
- Includes two private offices.
- Features a conference room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,449
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,980
$649.0K
Cap Rate 7%
$463,557
$463.6K
Cap Rate 9%
$360,544
$360.5K
Market Conditions
NOI Build-Up for 1,926 SF
Gross rent
$44.4K $23.04/SF
− Vacancy
−$1.1K −$0.58/SF
EGI
$43.3K $22.46/SF
− OpEx
−$10.8K −$5.62/SF
NOI
$32.4K $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 Rate 5%
$648,980
Cap Rate 7%
$463,557
Cap Rate 9%
$360,544
Alternative Uses
Best Use
Specialty Retail
$463.6K
$405.6K – $540.8K
NOI $32,449 @ 7.0% cap · market cap 2.88%
Second Best
Retail
$410.3K
$359.0K – $478.6K
NOI $28,718 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$579.4K
$507.0K – $676.0K
NOI $40,561 @ 7.0% cap · market cap 3.61%
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
8,461
Businesses Nearby
Explore this area
Business Placement
Demographics for 98121, WA
21,411
Population
15,781
Households
1.4
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
53,528
Density / Sq Mi
$148,974
Median Household Income
$118,893
Median Earnings
$2,329
Median Rent
$796,600
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?
Bank - Bank space featuring vault, conference room, and open workspace.
Where is this bank located?
The property is located at 2720 3rd Ave Seattle, WA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Bank space with vault room.; Includes two private offices.; Features a conference room.
