Neighborhood Retail Building with Two
7212 Woodlawn Ave NE Seattle, WA 98115
7212 Woodlawn Ave NE, Seattle, WA, 98115
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For Sale
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Single-story masonry retail building includes two leased suites with street parking and alley access for loading.
Property Size1,820 SF
Price / SF$659.34
Days on Market35
Property Features for 7212 Woodlawn Ave NE
General Information
- Standard status
- Active
- Size
- 1,820 SF
- Property subtype
- RETAIL
Listing agency
Westlake Associates, Inc.
(206) 505-9421
Listed by
Ellen Mohl
(206) 505-9421
Source
Moodyscre
Added: Jun 18 Updated: Jul 22 at 9:56AM Checked: Jul 22 at 9:56AM
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 Westlake Associates, Inc.
Investment Insights
Based on property information with market context.
7212 & 7214 Green Lake Drive NE is a fully leased neighborhood retail investment featuring a single-story retail building totaling approximately 1,820 square feet. The property is divided into two equally sized 910-square-foot suites, each occupied by established tenants.
Originally constructed in 1947, the building has durable masonry construction and a flat roof, with significant renovations completed in 1975. The site supports convenient street parking and includes alley access, helping facilitate tenant loading and service needs.
This is a straightforward two-suite retail configuration designed to operate as independent spaces while remaining within one retail structure.
Originally constructed in 1947, the building has durable masonry construction and a flat roof, with significant renovations completed in 1975. The site supports convenient street parking and includes alley access, helping facilitate tenant loading and service needs.
This is a straightforward two-suite retail configuration designed to operate as independent spaces while remaining within one retail structure.
Key Highlights
- Fully leased neighborhood retail investment at 7212 & 7214 Green Lake Drive NE
- Single‑story masonry retail building totaling approx. 1,820 SF, split into two 910‑SF suites
- Both suites are occupied by established tenants, providing immediate occupancy/cash flow
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 | $57.7k | $31.68 |
| − Vacancy | −$1.7k | −$0.95 |
| EGI | $55.9k | $30.73 |
| − OpEx | −$16.8k | −$9.22 |
| NOI | $39.1k | $21.51 |
1,820 SF · lease $31.68/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$559.3K
$489.4K – $652.5K
NOI $39,150 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$729.0K
$637.8K – $850.5K
NOI $51,027 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Orlov Chess Academy
Tutoring Service
Chessmates Foundation
Tutoring Service
The Seattle Chess Club
Gym & Fitness Center
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FAQs
What type of property is this?
Storefront property - Single-story masonry retail building includes two leased suites with street parking and alley access for loading.
Where is this storefront property located?
The property is located at 7212 Woodlawn Ave NE Seattle, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully leased neighborhood retail investment at 7212 & 7214 Green Lake Drive NE; Single‑story masonry retail building totaling approx. 1,820 SF, split into two 910‑SF suites; Both suites are occupied by established tenants, providing immediate occupancy/cash flow
