Versatile Commercial Shell Space
For Sale
$2,500,000
8500 14th Ave S, Seattle, WA 98108
Adaptable commercial space in Seattle, ready for customization.
Property Size5,870 SF
Days on Market401
Property Features for 8500 14th Ave S
General Information
Standard status
Active
Size
5,870 SF
Property subtype
Retail
Building Details
Building Size
5,870 SF
Year Built
1940
Listed By:
Simran Kaur
(425) 577-1347
Source:
Lee-associates
Added: Sep 1, 2025
Changed: Oct 6
Last Checked: Oct 5 at 5:25PM
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 Simran Kaur
Investment Insights
Based on property information with market context.
Commercial shell space is available, offering a customizable space to suit various business needs. The property is strategically located in a bustling area of Seattle, providing visibility and accessibility. It is suitable for office or creative industrial use.
Key Highlights
- Prime commercial shell space offers a customizable blank canvas.
- Strategic location in a bustling area of Seattle.
- Excellent visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,052
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,061,040
$2.1M
Cap Rate 7%
$1,472,171
$1.5M
Cap Rate 9%
$1,145,022
$1.1M
Market Conditions
NOI Build-Up for 5,870 SF
Gross rent
$178.2K $30.36/SF
− Vacancy
−$40.8K −$6.95/SF
EGI
$137.4K $23.41/SF
− OpEx
−$34.4K −$5.85/SF
NOI
$103.1K $17.56/SF
Area
Seattle, WA
Vacancy
22.90%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,061,040
Cap Rate 7%
$1,472,171
Cap Rate 9%
$1,145,022
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,052 @ 7.0% cap · market cap 4.12%
Second Best
Flex RnD
$883.0K
$772.6K – $1.03M
NOI $61,811 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,621 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 98108, WA
25,009
Population
9,096
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
83%
High-School Grad
7.4 sq mi
ZIP Area
3,380
Density / Sq Mi
$90,806
Median Household Income
$48,703
Median Earnings
$1,463
Median Rent
$693,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Adaptable commercial space in Seattle, ready for customization.
Where is this office units located?
The property is located at 8500 14th Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime commercial shell space offers a customizable blank canvas.; Strategic location in a bustling area of Seattle.; Excellent visibility.
