Commercial Condos at Maple
9222 Roosevelt Way NE Seattle, WA 98115
9222 Roosevelt Way NE, Seattle, WA, 98115
$715,000
For Sale
$715,000
Two commercial condo units with street frontage and excellent visibility.
Property Size1,531 SF
Price / SF$467.02
Days on Market151
Property Features for 9222 Roosevelt Way NE
General Information
- Standard status
- Active
- Size
- 1,531 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1999
Listing Agency
WINDERMERE GREENWOOD
Listed by
KATHE TROST
Source
Corcoran
Added: Feb 19 Updated: Jul 10 at 3:47 pm Checked: Jul 19 at 4:51 am
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 WINDERMERE GREENWOOD
Investment Insights
Based on property information with market context.
Two adjacent commercial condo units are available at Maple Court Condominiums, each approximately 766 RSF. The units feature private entrances and addresses. They are wheelchair accessible and include ADA restrooms and kitchenettes. One unit has been recently fully remodeled. Both suites have open floor plans and ample storage. Each unit includes its own water heater, electrical, and HVAC systems with air conditioning. The units offer excellent street visibility, large windows, and signage opportunities. These spaces are suitable for galleries, showrooms, local service offices, or retail businesses. The property is currently owner-occupied by a law firm.
Key Highlights
- Two adjacent commercial condo units with private entrances and addresses.
- Excellent street visibility with large windows and signage opportunities.
- Wheelchair accessible with ADA restrooms and kitchenettes.
Local Financial Insights For Office B
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 | $55.1k | $36.00 |
| − Vacancy | −$12.1k | −$7.88 |
| EGI | $43.0k | $28.12 |
| − OpEx | −$10.8k | −$7.03 |
| NOI | $32.3k | $21.09 |
1,531 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$461.2K
$403.6K – $538.1K
NOI $32,284 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$613.2K
$536.6K – $715.4K
NOI $42,924 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two commercial condo units with street frontage and excellent visibility.
Where is this office units located?
The property is located at 9222 Roosevelt Way NE Seattle, WA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Two adjacent commercial condo units with private entrances and addresses.; Excellent street visibility with large windows and signage opportunities.; Wheelchair accessible with ADA restrooms and kitchenettes.
