4800 40 Ave SW, Seattle, WA 98116
High-visibility corner lot in West Seattle Junction neighborhood.
- 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
Listing agent DAN SWANSON License #13533
Listing office KIDDER MATHEWS (206) 296-9610
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.382
- Latitude
- 47.5589