Retail Corner with
4000 Airport Way S Seattle, WA 98108
4000 Airport Way S, Seattle, WA, 98108
$1,695,000
For Sale
$1,695,000
Retail corner includes a 1,700-sf air-conditioned office area for flexible day-to-day operations.
Property Size5,176 SF
Price / SF$327.47
Days on Market63
Property Features for 4000 Airport Way S
General Information
- Standard status
- Active
- Size
- 5,176 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing agency
WESTLAKE ASSOCIATES, INC.
Listed by
MATTHEW LITTLE, CCIM
Source
Corcoran
Added: May 21 Updated: Jul 22 at 9:55AM Checked: Jul 22 at 9:55AM
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 WESTLAKE ASSOCIATES, INC.
Investment Insights
Based on property information with market context.
This property combines retail space with an air-conditioned office area totaling approximately 1,700 square feet. The configuration supports businesses that want a dedicated indoor work space alongside retail activity.
Situated at 4000 Airport Way South in Seattle, the offering is described as a retail corner property. Public remarks also note three restaurants on the other corners of the Airport Way South Seattle property, creating an active neighboring retail dining presence.
The combination of retail frontage and included air-conditioned office space can be useful for owner-operators or tenants looking to manage day-to-day operations on-site while maintaining a retail component.
Situated at 4000 Airport Way South in Seattle, the offering is described as a retail corner property. Public remarks also note three restaurants on the other corners of the Airport Way South Seattle property, creating an active neighboring retail dining presence.
The combination of retail frontage and included air-conditioned office space can be useful for owner-operators or tenants looking to manage day-to-day operations on-site while maintaining a retail component.
Key Highlights
- Retail corner includes a 1,700‑sf air‑conditioned office area for flexible day‑to‑day operations
- Year built: 1975
- Property offers many types of uses for the retail corner at 4000 Airport Way South, Seattle
Local 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 | $157.1k | $30.36 |
| − Vacancy | −$36.0k | −$6.95 |
| EGI | $121.2k | $23.41 |
| − OpEx | −$30.3k | −$5.85 |
| NOI | $90.9k | $17.56 |
5,176 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.51M
NOI $90,868 @ 7.0% cap · market cap 5.36%
Second Best
Retail
$1.10M
$964.7K – $1.29M
NOI $77,179 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,005 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mj Directions, Llc
Medical Supply Store
United Building Services
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail corner includes a 1,700-sf air-conditioned office area for flexible day-to-day operations.
Where is this retail space located?
The property is located at 4000 Airport Way S Seattle, WA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Retail corner includes a 1,700‑sf air‑conditioned office area for flexible day‑to‑day operations; Year built: 1975; Property offers many types of uses for the retail corner at 4000 Airport Way South, Seattle
