For Sale
$789,000
9264 57th Avenue S, Seattle, WA 98118
Mixed-use properties
Property Size2,356 SF
Lot Size0.15 Acres
Price / SF$334.89
Days on Market236
Property Features for 9264 57th Avenue S
General Information
Standard status
Active
Size
2,356 SF
Lot size
0.15 Acres
Property subtype
Commercial
Building Details
Year Built
1914
Listing Agency:
BETTER PROPERTIES EASTSIDE
(425) 990-3333
Listed By:
VOLONDA GREEN
Source:
Corcoran
Added: Dec 6, 2025
Changed: Jul 6
Last Checked: Jul 29 at 10:50AM
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 BETTER PROPERTIES EASTSIDE
Investment Insights
Based on property information with market context.
Key Highlights
- Investor opportunity: Mixed‑use property with existing commercial and residential tenants.
- Located in rapidly developing Rainier Beach.
- Redevelopment potential under NC155 Zoning.
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 | $79.2k | $33.60 |
| − Vacancy | −$2.4k | −$1.01 |
| EGI | $76.8k | $32.59 |
| − OpEx | −$23.0k | −$9.78 |
| NOI | $53.8k | $22.81 |
2,356 SF · lease $33.60/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$767.9K
$671.9K – $895.9K
NOI $53,751 @ 7.0% cap · market cap 6.81%
Second Best
Mixed Use
$568.0K
$497.0K – $662.6K
NOI $39,758 @ 7.0% cap · market cap 5.04%
Theoretical Best
Specialty Retail
$847.7K
$741.7K – $989.0K
NOI $59,339 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 98118, WA
47,504
Population
19,831
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
7,662
Density / Sq Mi
$109,085
Median Household Income
$54,827
Median Earnings
$1,831
Median Rent
$746,400
Median Home Value
Market
Properties on Market for Mixed-use properties in King County
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 9264 57th Avenue S Seattle, WA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Investor opportunity: Mixed‑use property with existing commercial and residential tenants.; Located in rapidly developing Rainier Beach.; Redevelopment potential under NC155 Zoning.
