33723-33731 SE Redmond-Fall City Rd, Fall City, WA
Mixed-use property with established restaurants and apartment in Fall City.
- Added:
- Nov 13, 2024
- Days on Market:
- 578
- Last Refresh:
- May 19 at 9:02 pm
Property Features for 33723-33731 SE Redmond-Fall City Rd
General Information
- Standard status
- Active
- Size
- 5,872 SF
- Lot size
- 0.21 Acres
- Property subtype
- RETAIL
Listing agent Kyle Schipper, SIOR (253) 203-1320
Listing office NAI Puget Sound Properties (253) 203-1320
Listing date Nov 13, 2024
Source Moodyscre
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
HighLights
- High‑traffic downtown Fall City location along Highway 202 and across from the Snoqualmie River.
- Two established NNN leases in place with the Riverside Tavern and Fall City Bar & Grill providing immediate income.
- Attractive 6.67% cap rate.
- Recently signed Fall City Bar & Grill lease (4,203 SF) with 5 years remaining.
- Includes a 569 SF two‑bedroom apartment.
- New Roof Installed Summer 2025.
Overview
Local Financial Insights For Specialty 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 | $176.2k | $30.00 |
| − Vacancy | −$8.8k | −$1.50 |
| EGI | $167.4k | $28.50 |
| − OpEx | −$41.8k | −$7.13 |
| NOI | $125.5k | $21.38 |
Alternative Uses
Current Use by Public Records
Map
- City
- Fall City
- County
- King
- State
- Washington
- Longitude
- -121.889
- Latitude
- 47.5673
