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    Retail Space in Fall City Title is generated by Realmo AI

    33723 & 33731 SE Redmond, Fall City, WA 98024

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    Retail space available for sale in Fall City, WA.

    Type:Retail
    Property size:
    5,872 SF
    Price / SF:
    $289/SF
    Added:
    May 30, 2024
    Days on Market:
    741
    Last Refresh:
    May 12 at 8:54 pm

    Property Features for 33723 & 33731 SE Redmond

    General Information

    Standard status
    Active
    Size
    5,872 SF
    Property subtype
    Retail

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    Listing Contact
    Kyle Schipper

    Listing agent Kyle Schipper License #WA

    Listing office NAI Puget Sound Properties Tacoma

    Listing date May 30, 2024

    Source Crexi

    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 Tacoma

    HighLights

    • No property information was provided to extract selling points.

    Overview

    This retail space, located in Fall City, WA, offers 5872 square feet of commercial real estate. The property is currently for sale.

    Local 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 $155.0k $26.40
    − Vacancy −$5.0k −$0.84
    EGI $150.1k $25.56
    − OpEx −$45.0k −$7.67
    NOI $105.0k $17.89
    5,872 SF · lease $26.40/SF/yr · vacancy 3.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.50M
    $1.31M – $1.75M (±1% cap)
    NOI $105,042 @ 7.0% cap · market cap 6.18%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.35M
    $2.06M – $2.74M (±1% cap)
    NOI $164,632 @ 7.0% cap · market cap 9.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Fall City
    County
    King
    State
    Washington
    Longitude
    -121.724
    Latitude
    47.6631

    FAQs

    What type of property is this?
    Retail space - Retail space available for sale in Fall City, WA.
    Where is this retail space located?
    The property is located at 33723 & 33731 SE Redmond Fall City, WA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: No property information was provided to extract selling points.
    More about this property
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