Ground-Floor Coffee
For Sale
Contact for pricing
9783 15th Avenue Southwest, Seattle, WA 98106
Includes a Type 1 hood, commercial baking equipment, espresso setup, and display cases.
Property Size1,500 SF
Price / SF$233.33
Days on Market12
Property Features for 9783 15th Avenue Southwest
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Business for Sale
Net Operating Income
$347,262
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Floor
Ground
Building Details
Buildings
1
Stories
1
Listing Agency:
West Coast Commercial Realty
(503) 241-3854
Listed By:
Julie Shizukuishi · License #WA 136789
Source:
Crexi
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 4:12PM
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
Investment Insights
Based on property information with market context.
This 1,500-square-foot, single-story coffee shop space is offered with food-service infrastructure already in place. The equipment package includes a Type 1 commercial hood, commercial baking equipment, an espresso setup, and high-end display cases. The ground-floor layout provides a customer-facing operating environment with dedicated parking immediately in front of the building.
The offering is for the physical business assets only. The trade name, brand, and proprietary recipes are excluded, allowing the incoming operator to introduce a separate identity and menu concept. The property is located at 9783 15th Avenue Southwest in Seattle, Washington.
The offering is for the physical business assets only. The trade name, brand, and proprietary recipes are excluded, allowing the incoming operator to introduce a separate identity and menu concept. The property is located at 9783 15th Avenue Southwest in Seattle, Washington.
Key Highlights
- 1,500 SF ground‑floor space in a single‑story building
- Type 1 commercial hood included
- Commercial baking equipment and espresso setup
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,272
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$505,440
$505.4K
Cap Rate 7%
$361,029
$361.0K
Cap Rate 9%
$280,800
$280.8K
Market Conditions
NOI Build-Up for 1,500 SF
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.
Gross rent
$34.6K $23.04/SF
− Vacancy
−$864 −$0.58/SF
EGI
$33.7K $22.46/SF
− OpEx
−$8.4K −$5.62/SF
NOI
$25.3K $16.85/SF
Area
Seattle, WA
Vacancy
2.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$505,440
Cap Rate 7%
$361,029
Cap Rate 9%
$280,800
Alternative Uses
Best Use
Specialty Retail
$361.0K
$315.9K – $421.2K
NOI $25,272 @ 7.0% cap · market cap 7.22%
Second Best
Industrial
$194.0K
$169.7K – $226.3K
NOI $13,577 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98106, WA
26,295
Population
12,107
Households
2.2
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,781
Density / Sq Mi
$115,529
Median Household Income
$60,223
Median Earnings
$1,824
Median Rent
$666,800
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Macrina Bakery & Cafe — 8501 Roosevelt Way NE, Seattle, WA 98115
- Blue Saucer cafe — 9127 Roosevelt Way NE, Seattle, WA 98115
- Jewel Box Cafe — 321 NE Thornton Pl, Seattle, WA 98125
- Starbucks — 10601 5th Ave NE Suite 101, Seattle, WA 98125
- Starbucks — 302 NE Northgate Way, Seattle, WA 98125
Frequently Asked Questions
What type of property is this?
Coffee shop - Includes a Type 1 hood, commercial baking equipment, espresso setup, and display cases.
Where is this coffee shop located?
The property is located at 9783 15th Avenue Southwest Seattle, WA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,500 SF ground‑floor space in a single‑story building; Type 1 commercial hood included; Commercial baking equipment and espresso setup
