Free-Standing Flex Retail
5811 6th Ave S Seattle, WA 98108
5811 6th Ave S, Seattle, WA, 98108
Contact for pricing
For Sale
Contact for pricing
One-level flex building with glass storefronts, broad 6th Ave S exposure, and an approximately 11,500 SF vacancy.
Property Size25,500 SF
Price / SF$384.31
Days on Market115
Property Features for 5811 6th Ave S
General Information
- Standard status
- Active
- Size
- 25,500 SF
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 1967
Listing agency
Kidder Mathews South Seattle
(206) 248-7316
Listed by
Spencer Clapp · License #WA
Source
Crexi
Added: Mar 31 Updated: Jul 22 at 10:52PM Checked: Jul 22 at 10:52PM
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 South Seattle
Investment Insights
Based on property information with market context.
Free-standing one-level retail or office/flex building totaling approximately 25,500 SF. Glass storefronts with awnings define the architectural centerpiece and support street-level merchandising. The single-story design accommodates retail, showroom, office, and roll-up door flex uses, with a vertical service core and on-site parking intended to support daily operations.
The property is located in Seattle’s Design District core on 6th Ave S, providing broad storefront exposure at street level. There is currently an approximately 11,500 SF vacancy, offering an owner-user opportunity to occupy space while maintaining control of building presence.
The offering also includes net rent from three tenants of approximately $30,000 per month, and the owner-user buyer may benefit from an assumable loan in place through 2030.
The property is located in Seattle’s Design District core on 6th Ave S, providing broad storefront exposure at street level. There is currently an approximately 11,500 SF vacancy, offering an owner-user opportunity to occupy space while maintaining control of building presence.
The offering also includes net rent from three tenants of approximately $30,000 per month, and the owner-user buyer may benefit from an assumable loan in place through 2030.
Key Highlights
- Single‑story retail/office/flex building built in 1967 with approximately 25,500 SF on one level
- Broad street‑level storefront exposure along 6th Ave S in Seattle’s Design District core
- Glass storefronts with awnings and a vertical service core for office/showroom and flex uses
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 | $774.2k | $30.36 |
| − Vacancy | −$177.3k | −$6.95 |
| EGI | $596.9k | $23.41 |
| − OpEx | −$149.2k | −$5.85 |
| NOI | $447.7k | $17.56 |
25,500 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.40M
$5.60M – $7.46M
NOI $447,670 @ 7.0% cap · market cap 4.57%
Second Best
Retail
$5.43M
$4.75M – $6.34M
NOI $380,226 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$7.67M
$6.71M – $8.95M
NOI $537,023 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ERW Lighting
Industrial Manufacturer
Electrical Representatives
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- In-Season Catering — 6412 Phinney Ave N, Seattle, WA 98103
- lisa arose home entertaining — 1545 NW 57th St, Seattle, WA 98107
- Down to Earth Cuisine — 5608 17th Ave NW #515, Seattle, WA 98107
FAQs
What type of property is this?
Flex space - One-level flex building with glass storefronts, broad 6th Ave S exposure, and an approximately 11,500 SF vacancy.
Where is this flex space located?
The property is located at 5811 6th Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $9,800,000.
What are key features of this property?
This property features: Single‑story retail/office/flex building built in 1967 with approximately 25,500 SF on one level; Broad street‑level storefront exposure along 6th Ave S in Seattle’s Design District core; Glass storefronts with awnings and a vertical service core for office/showroom and flex uses
