Renovated Ground-Floor Office
For Sale
$475,000
8745 Greenwood Ave N, Seattle, WA 98103
Flexible office configuration with private work areas, reception space, and dedicated in-suite restroom access.
Property Size1,367 SF
Price / SF$347.48
Days on Market93
Property Features for 8745 Greenwood Ave N
General Information
Standard status
Active
Size
1,367 SF
Property subtype
Commercial
Zoning
NC2-55
Site & Location
Neighborhood
Greenwood
Road Access
Yes
Additional Details
Floor
Ground Floor
Office Units
2
Amenities
private in-suite bath
access to additional building restrooms
Building Details
Year Built
1989
Year Renovated
2024
Listing Agency:
Keller Williams Eastside
Listed By:
Kelly Chiou
(425) 269-7456
Source:
Pugetsoundpropertyguide
Added: Jul 28
Changed: Oct 26
Last Checked: Oct 28 at 8:22AM
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 Keller Williams Eastside
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Investment Insights
Based on property information with market context.
This ground-floor office property contains 1,367 square feet arranged as two distinct units, A1 and A2. The interior includes a reception area, multiple private offices, and adaptable space for storage, a breakroom, or future expansion. Renovation work was completed in 2024, and the suite includes a private in-suite bathroom along with access to additional restrooms serving the building.
Located at 8745 Greenwood Avenue in Seattle, the property offers direct access along Greenwood Ave N with exposure to vehicle and pedestrian traffic. Shared garage parking is available, and NC2-55 zoning allows a variety of uses. The two-unit layout can accommodate consolidated occupancy or separate use of the spaces.
Located at 8745 Greenwood Avenue in Seattle, the property offers direct access along Greenwood Ave N with exposure to vehicle and pedestrian traffic. Shared garage parking is available, and NC2-55 zoning allows a variety of uses. The two-unit layout can accommodate consolidated occupancy or separate use of the spaces.
Key Highlights
- 1,367‑square‑foot ground‑floor office suite
- Two distinct units identified as A1 and A2
- Renovated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,644
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,880
$652.9K
Cap Rate 7%
$466,343
$466.3K
Cap Rate 9%
$362,711
$362.7K
Market Conditions
NOI Build-Up for 1,367 SF
Gross rent
$46.8K $34.20/SF
− Vacancy
−$3.2K −$2.36/SF
EGI
$43.5K $31.84/SF
− OpEx
−$10.9K −$7.96/SF
NOI
$32.6K $23.88/SF
Area
ZIP 98103
Vacancy
6.90%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,880
Cap Rate 7%
$466,343
Cap Rate 9%
$362,711
Alternative Uses
Best Use
Office B
$466.3K
$408.1K – $544.1K
NOI $32,644 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.6K
$483.5K – $644.7K
NOI $38,681 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
Explore this area
Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value
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Market
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office configuration with private work areas, reception space, and dedicated in-suite restroom access.
Where is this office unit located?
The property is located at 8745 Greenwood Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,367‑square‑foot ground‑floor office suite; Two distinct units identified as A1 and A2; Renovated in 2024
