6415 32ND Seattle, WA 98107
Italian restaurant with full bar, cafe, and bakery on a hard-corner lot with land and building included.
Property Features for 6415 32ND
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.36 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing office RE/MAX Extra Inc.
Listing date Jun 25, 2025
Source Century21northhomes
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Extra Inc.
Investment Insights
Based on property information with market context.
The site is presented as a hard-corner location with high visibility, and it is located just blocks from Ballard Locks. The remarks also note a walk rate on a bus line.
In addition to the restaurant site, the listing states that a .14-acre leased property is included for a total of .358 acres. Financials are available, and the seller is willing to sell the land and building or the business only.
Key Highlights
- 12,000+ SF Italian restaurant with full bar, cafe, coffee shop, and bakery (land and building included).
- Hard‑corner lot totals 0.358 acres, including 0.14‑acre leased property.
- Built in 1940.
Local Financial Insights For Specialty 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 | $276.5k | $23.04 |
| − Vacancy | −$6.9k | −$0.58 |
| EGI | $269.6k | $22.46 |
| − OpEx | −$67.4k | −$5.62 |
| NOI | $202.2k | $16.85 |
