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    Seattle Retail Property For Sale Title is generated by Realmo AI

    4800 40 Ave SW, Seattle, WA 98116

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    For Sale
    $5,000,000

    High-visibility corner lot in West Seattle Junction neighborhood.

    Property size:
    19,556 SF
    Price / SF:
    $255/SF
    Added:
    Jun 27, 2025
    Days on Market:
    350
    Last Refresh:
    Mar 16 at 9:08 am

    Property Features for 4800 40 Ave SW

    General Information

    Standard status
    Active
    Size
    19,556 SF

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    Listing Contact
    DAN SWANSON

    Listing agent DAN SWANSON License #13533

    Listing office KIDDER MATHEWS

    Listing date Jun 27, 2025

    Source Corcoran

    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 KIDDER MATHEWS

    HighLights

    • Walker's Paradise: Enjoy a Walk Score of 95.
    • Prime Location: Situated in the desirable West Seattle Junction neighborhood.
    • Convenient Transportation: Just blocks from the RapidRide C Line stop, providing easy access to Downtown Seattle and South Lake Union.
    • Adjacent to Shopping Center: Anchored by Whole Foods for ultimate convenience.
    • High Visibility: Benefit from a corner‑lot parcel.
    • Adaptable Building: Previously operated as a daycare and retail store, offering flexibility.

    Overview

    Located in Seattle’s West Seattle Junction neighborhood, the property at 4800 40th Ave SW has a walk score of 95. The 5,504-SF building is on a corner lot and has previously operated as a daycare and a retail marijuana store. The parcel offers parking. The property is adjacent to a shopping center anchored by a Whole Foods grocery store, and is near shopping, grocery, and food and drink options. It is located blocks from a RapidRide C Line stop, which provides service to Downtown Seattle and South Lake Union. The property is within walking distance of the future Alaska Junction light rail stop, targeted for completion in 2032. The property size is 19,556 square feet.

    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 $429.4k $21.96
    − Vacancy −$12.9k −$0.66
    EGI $416.6k $21.30
    − OpEx −$125.0k −$6.39
    NOI $291.6k $14.91
    19,556 SF · lease $21.96/SF/yr · vacancy 3.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.17M
    $3.64M – $4.86M (±1% cap)
    NOI $291,596 @ 7.0% cap · market cap 5.83%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.88M
    $5.15M – $6.86M (±1% cap)
    NOI $411,844 @ 7.0% cap · market cap 8.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Seattle Children's Forest ... Pharmacy Origins Cannabis West ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.382
    Latitude
    47.5589

    FAQs

    What type of property is this?
    Retail space - High-visibility corner lot in West Seattle Junction neighborhood.
    Where is this retail space located?
    The property is located at 4800 40 Ave SW Seattle, WA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Walker's Paradise: Enjoy a Walk Score of 95.; Prime Location: Situated in the desirable West Seattle Junction neighborhood.; Convenient Transportation: Just blocks from the RapidRide C Line stop, providing easy access to Downtown Seattle and South Lake Union.
    More about this property
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