Seattle Retail Property For
4800 40 Ave SW Seattle, WA 98116
For Sale
$5,000,000
High-visibility corner lot in West Seattle Junction neighborhood.
Property Size19,556 SF
Price / SF$255.68
Days on Market395
Property Features for 4800 40 Ave SW
General Information
- Standard status
- Active
- Size
- 19,556 SF
Listing Agency:
KIDDER MATHEWS
(206) 296-9610
Listed By:
DAN SWANSON · License #13533
Source:
Corcoran
Added: Jun 27, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
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
NOI $411,844 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Seattle Children's Forest ...
Pharmacy
Origins Cannabis West ...
(Bike/Boat/Book/etc) Store
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.
