4850 37th Ave S, Seattle, WA 98118
Multi-tenant retail strip center in Columbia City neighborhood.
- Added:
- Feb 3, 2025
- Days on Market:
- 497
- Last Refresh:
- Mar 16 at 9:08 am
Property Features for 4850 37th Ave S
General Information
- Standard status
- Active
- Size
- 5,326 SF
Building Details
- Year Built
- 1959
Listing agent ANTONIO LOPEZ
Listing office JOHN L. SCOTT - KENT
Listing date Feb 3, 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 JOHN L. SCOTT - KENT
HighLights
- Prime retail location in the vibrant Columbia City neighborhood of South Seattle.
- High visibility and strong pedestrian traffic due to proximity to Rainier Ave S.
- Multi‑tenant retail strip center with 5,362 SF of rentable space.
- Includes 4,280 SF of retail space and 1,082 SF of office space.
- Easy accessibility to public transit and major roadways.
- Zoning: NC3‑40 (Neighborhood Commercial, allowing for mixed‑use development).
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 | $179.0k | $33.60 |
| − Vacancy | −$5.4k | −$1.01 |
| EGI | $173.6k | $32.59 |
| − OpEx | −$52.1k | −$9.78 |
| NOI | $121.5k | $22.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.286
- Latitude
- 47.5584