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    7633 27Th St Mercer Island, WA 98040

    For Lease
    $37 SF/Yr

    Prime retail space, multiple units, excellent location.

    Lot size:
    3,017 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Tabit Village Square offers a rare opportunity to lease retail space in a thriving open-air center in the heart of Downtown Mercer Island, Washington. This single-story building at 7633 SE 27th St, 98040, boasts 35 total parking spaces for customer convenience. Two spaces are currently available, ranging in size from 1,320 square feet to 3,017 square feet, providing flexibility for various retail concepts. The property enjoys an exceptional location with easy access from major freeways and the newly opened light rail station (opened in 2023), ensuring high visibility and accessibility for customers. This established center benefits from strong demographics and a diverse tenant mix, including well-known national brands such as Starbucks, Kitchen & Market, UPS Store, and Subway, creating a vibrant and attractive shopping environment. Landlords are willing to consider two-year lease terms, offering flexibility for prospective tenants. This is an exceptional opportunity to establish or expand your retail business in a premier Mercer Island location. Contact us today to learn more about these available spaces and schedule a viewing.

    Property Features for 7633 27Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,017 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 7637
    Size
    3,017 SF
    Rate per SF
    $37
    Property Profile Location Intelligence

    Current Use by Public Records

    Helena's Cleaners Dry Cleaner

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mercer Island
    County
    King
    State
    Washington
    Longitude
    -122.2362469
    Latitude
    47.5864763

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    FAQs

    What type of property is this?
    Retail property - Prime retail space, multiple units, excellent location.
    Where is this retail property located?
    The property is located at 7633 27Th St Mercer Island, WA.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    Request Owner's contact information
    7633 27Th St Mercer Island, WA 98040
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    Mercer Island, WA 98040
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    Realmo Value Estimation

    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.

    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.

    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
    7633 27Th St Mercer Island, WA 98040
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