Retail/Office Space in
For Sale
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2950 Eastlake Avenue E Suite 4, Seattle, WA 98102
1,027 SqFt retail or office space for sale.
Property Size1,027 SF
Price / SF$608.57
Days on Market135
Property Features for 2950 Eastlake Avenue E Suite 4
General Information
Standard status
Active
Size
1,027 SF
Property subtype
Retail, Office
Building Details
Year Built
2009
Listing Agency:
Ewing & Clark
Listed By:
Cameron Kent · License #102567
Source:
Crexi
Added: Mar 18
Changed: Jul 6
Last Checked: Jul 28 at 3:09PM
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 Ewing & Clark
Investment Insights
Based on property information with market context.
This commercial property offers 1,027 square feet of space suitable for retail or office use. The property is located in Seattle, WA.
Key Highlights
- Retail property available.
- 1,027 SqFt of space.
- Year Built: 2009.
Financial Insights For Office B
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 | $31.2k | $30.36 |
| − Vacancy | −$7.1k | −$6.95 |
| EGI | $24.0k | $23.41 |
| − OpEx | −$6.0k | −$5.85 |
| NOI | $18.0k | $17.56 |
1,027 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$257.6K
$225.4K – $300.5K
NOI $18,030 @ 7.0% cap · market cap 2.88%
Second Best
Retail
$218.8K
$191.4K – $255.2K
NOI $15,313 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$309.0K
$270.4K – $360.5K
NOI $21,628 @ 7.0% cap · market cap 3.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 98102, WA
25,066
Population
17,944
Households
1.4
Avg Household Size
34
Median Age
79%
College-Educated
99%
High-School Grad
1.3 sq mi
ZIP Area
19,282
Density / Sq Mi
$114,395
Median Household Income
$80,130
Median Earnings
$1,920
Median Rent
$988,700
Median Home Value
Market
Properties on Market for Retail properties & Spaces in Seattle
Vacancy Rate% for Office in Seattle, WA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail property - 1,027 SqFt retail or office space for sale.
Where is this retail property located?
The property is located at 2950 Eastlake Avenue E Suite 4 Seattle, WA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Retail property available.; 1,027 SqFt of space.; Year Built: 2009.
