Corner Two-Story Retail
For Sale
$3,600,000
300 NE 45th St, Seattle, WA 98105
Vacant commercial space with structured parking in Seattle’s Wallingford neighborhood.
Property Size7,555 SF
Price / SF$476.51
Days on Market193
Property Features for 300 NE 45th St
General Information
Standard status
Active
Size
7,555 SF
Class
C
Property subtype
Retail - Freestanding
Additional Details
Corner Location
Yes
Amenities
on-site structured parking
Building Details
Building Size
7,555 SF
Year Built
1986
Year Renovated
2000
Buildings
1
Stories
2
Units
1
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
Stren Lea · License ##121073
(215) 917-1742
Source:
Commercialcafe
Added: Apr 7
Changed: Sep 30
Last Checked: Oct 14 at 8:40PM
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 Lee & Associates Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
This two-story retail property at 300 NE 45th St. contains 7,555 rentable square feet and was constructed in 1986. The building occupies a corner location and includes on-site structured parking. Delivery vacant allows the next occupant to plan the space around its own operating requirements.
The property is situated in Seattle’s Wallingford neighborhood, adjacent to the University District. Its retail classification, two-story configuration, corner placement, and parking component provide the key physical characteristics for evaluating the asset.
The property is situated in Seattle’s Wallingford neighborhood, adjacent to the University District. Its retail classification, two-story configuration, corner placement, and parking component provide the key physical characteristics for evaluating the asset.
Key Highlights
- 7,555 rentable square feet in a two‑story commercial building
- On‑site structured parking
- Corner location at 300 NE 45th St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,651
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,253,020
$2.3M
Cap Rate 7%
$1,609,300
$1.6M
Cap Rate 9%
$1,251,678
$1.3M
Market Conditions
NOI Build-Up for 7,555 SF
Gross rent
$165.9K $21.96/SF
− Vacancy
−$5.0K −$0.66/SF
EGI
$160.9K $21.30/SF
− OpEx
−$48.3K −$6.39/SF
NOI
$112.7K $14.91/SF
Area
Seattle, WA
Vacancy
3.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,253,020
Cap Rate 7%
$1,609,300
Cap Rate 9%
$1,251,678
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,651 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,106 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 98105, WA
49,151
Population
20,582
Households
2.4
Avg Household Size
27
Median Age
77%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
12,934
Density / Sq Mi
$78,691
Median Household Income
$34,947
Median Earnings
$1,803
Median Rent
$1,261,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Seattle, WA
Frequently Asked Questions
What type of property is this?
Retail space - Vacant commercial space with structured parking in Seattle’s Wallingford neighborhood.
Where is this retail space located?
The property is located at 300 NE 45th St Seattle, WA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 7,555 rentable square feet in a two‑story commercial building; On‑site structured parking; Corner location at 300 NE 45th St.
