Equipped Restaurant with Commercial
For Sale
$468,000
667 156th Ave SE, Bellevue, WA 98007
Restaurant space offers seating for more than 70 guests and a fully equipped kitchen for a new concept.
Property Size2,500 SF
Price / SF$187.20
Days on Market52
Property Features for 667 156th Ave SE
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Business Opportunity
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Equipment Included
Yes
Listing Agency:
RE/MAX Town Center
Listed By:
Amy Wang · License #1110494
(425) 922-1343
Source:
Livnserverealestate
Added: Aug 28
Changed: Oct 14
Last Checked: Oct 7 at 5:08PM
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 RE/MAX Town Center
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2500 sq ft restaurant space includes seating for 70+ guests and a fully equipped commercial kitchen. Existing improvements include two Type 1 hoods, gas appliances, a walk-in cooler, and a refrigerator, providing a substantial installed equipment package for an operator introducing a new concept. The property is not offered as a franchise opportunity.
The restaurant is located at 667 156th Ave SE in Bellevue, WA 98007. Ample parking is available on site, adding practical convenience for restaurant customers and staff.
The restaurant is located at 667 156th Ave SE in Bellevue, WA 98007. Ample parking is available on site, adding practical convenience for restaurant customers and staff.
Key Highlights
- 2500 sq ft restaurant space
- Seating for 70+ guests
- Commercial kitchen with two Type 1 hoods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,041
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,820
$460.8K
Cap Rate 7%
$329,157
$329.2K
Cap Rate 9%
$256,011
$256.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$35.7K $14.28/SF
− Vacancy
−$2.8K −$1.11/SF
EGI
$32.9K $13.17/SF
− OpEx
−$9.9K −$3.95/SF
NOI
$23.0K $9.22/SF
Area
Bellevue, WA
Vacancy
7.80%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,820
Cap Rate 7%
$329,157
Cap Rate 9%
$256,011
Alternative Uses
Best Use
Specialty Retail
$713.8K
$624.6K – $832.8K
NOI $49,967 @ 7.0% cap · market cap 10.68%
Second Best
Industrial
$329.2K
$288.0K – $384.0K
NOI $23,041 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,000 @ 7.0% cap · market cap 17.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
78k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 74%
Shops & Services 26%
Walmart Neighborhood Market
Groceries
58,273 visits/mo
0.5 miles
AutoZone
Shops & Services
20,007 visits/mo
0.5 miles
Demographics for 98007, WA
29,476
Population
12,403
Households
2.4
Avg Household Size
33
Median Age
69%
College-Educated
95%
High-School Grad
4.3 sq mi
ZIP Area
6,855
Density / Sq Mi
$126,814
Median Household Income
$81,818
Median Earnings
$2,276
Median Rent
$934,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space offers seating for more than 70 guests and a fully equipped kitchen for a new concept.
Where is this conventional restaurant located?
The property is located at 667 156th Ave SE Bellevue, WA.
What is the asking price?
The asking price for this property is $468,000.
What are key features of this property?
This property features: 2500 sq ft restaurant space; Seating for 70+ guests; Commercial kitchen with two Type 1 hoods
