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    1730 Minor Ave Seattle, WA 98101

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    For Lease
    Contact for pricing

    Prime Downtown Seattle Restaurant Space

    Lot size:
    497,513 SF

    Property Features for 1730 Minor Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    497,513 SF
    Total Rate
    1451079.58

    Building Details

    Year Built/Renovated
    1988/2006
    Buildings
    1
    Stories
    20

    Spaces For Lease

    at 1730 Minor Ave, Seattle, WA 98101 Contact us
    Unit 3,619 RSF Prime restaurant space

    $35 /Mo

    Size
    3,619 SF
    Contact us

    We can help!

    Listing Contact
    Tiffini Connell

    Listing Agency: WEST COAST COMMERCIAL REALTY, LLC Listing Agent: Tiffini Connell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 3,619 square foot restaurant space is situated on the ground floor of the MetPark East office tower in Downtown Seattle's vibrant retail district. Boasting a desirable outdoor patio, this property benefits from its strategic location at the intersection of Capitol Hill, South Lake Union, and the city's core retail area. Within walking distance are renowned restaurants, entertainment venues, and shopping destinations such as the Paramount Theatre and Pacific Place, with proximity to the Convention Center expansion. The building, constructed in 1988 and renovated in 2006, is a 20-story structure encompassing 497,513 square feet on a 42,689 square foot lot. Its location offers convenient access to I-5 (northbound, southbound, and express lanes) and various public transportation options. On-site parking is available. The surrounding area is densely populated with professionals and residents, supporting a thriving mix of restaurants and shops. A Type 1 Hood is included. The property is zoned DMC and its King County APN is 0660002410. This location is surrounded by major employers, with nearly 200,000 employees within a one-mile radius. Seattle's robust tech sector, adding over 48,000 jobs in the last five years, fuels a strong local economy. Average household incomes within a one-mile radius surpass $125,000, contributing to the success of approximately 170 new street-level businesses that have opened downtown in the past year. This presents a unique opportunity for a retailer to establish a presence in a high-demand, high-traffic area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bharani Nipali MD Physician Center for Community Health ... Research Institute Cardiovascular Health Research Research Foundation The MacColl Center for Health ... Association Or Organization Dr. David E. ... Physician

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.33015310267
    Latitude
    47.616499867889

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Seattle Restaurant Space
    Where is this restaurant located?
    The property is located at 1730 Minor Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Prime 3,619 SF restaurant space with outdoor patio.; Located in Downtown Seattle's retail district, near Capitol Hill & South Lake Union.; Part of the MetPark East office tower, with convenient access to I-5 and public transportation.
    (206) 854-1925 Call to check price and availability
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    1730 Minor Ave Seattle, WA 98101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1730 Minor Ave Seattle, WA 98101
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    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tiffini Connell
    (206) 854-1925
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