NNN Commercial
8760 Greenwood Avenue N Unit R-N1, Seattle, WA 98103
For Sale
Contact for pricing
Occupied ground-floor unit includes a private restroom, kitchenette, and reserved garage parking.
Property Size1,689 SF
Price / SF$470.69
Days on Market26
Property Features for 8760 Greenwood Avenue N Unit R-N1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Anchor Co-Tenants
Additional Details
Floor
Tenant in Place
Amenities
private restroom
kitchenette
Building Details
Tenancy
Listing Agency:
West Coast Commercial Realty
Listed By:
Tyler Barnes
(425) 406-0808
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 10 at 9:10AM
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 West Coast Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-floor commercial condominium at Westview Plaza comprises 1,689 SF and has an existing tenant, Emerald City Energy. The unit includes a private restroom, kitchenette, and three reserved garage stalls. Its NNN lease expires May 31, 2030, and includes one five-year option that could extend the term through May 31, 2035.
The property is next to Trader Joe’s at 87th in Greenwood, with street-level frontage. Retail, dining, and transit are described as walkable from the plaza.
The property is next to Trader Joe’s at 87th in Greenwood, with street-level frontage. Retail, dining, and transit are described as walkable from the plaza.
Key Highlights
- 1,689 SF ground‑floor commercial condominium at Westview Plaza
- Occupied by Emerald City Energy under an NNN lease through May 31, 2030
- One five‑year lease option could extend occupancy through May 31, 2035
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,744
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,880
$734.9K
Cap Rate 7%
$524,914
$524.9K
Cap Rate 9%
$408,267
$408.3K
Market Conditions
NOI Build-Up for 1,689 SF
Gross rent
$54.1K $32.04/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$52.5K $31.08/SF
− OpEx
−$15.7K −$9.32/SF
NOI
$36.7K $21.76/SF
Area
ZIP 98103
Vacancy
3.00%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,880
Cap Rate 7%
$524,914
Cap Rate 9%
$408,267
Alternative Uses
Best Use
Retail
$524.9K
$459.3K – $612.4K
NOI $36,744 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$682.7K
$597.4K – $796.5K
NOI $47,792 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Properties on Market for NNN properties in King County
Vacancy Rate% for Retail in Seattle, WA
Frequently Asked Questions
What type of property is this?
NNN property - Occupied ground-floor unit includes a private restroom, kitchenette, and reserved garage parking.
Where is this nnn property located?
The property is located at 8760 Greenwood Avenue N Unit R-N1 Seattle, WA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1,689 SF ground‑floor commercial condominium at Westview Plaza; Occupied by Emerald City Energy under an NNN lease through May 31, 2030; One five‑year lease option could extend occupancy through May 31, 2035
