Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    414 70Th St Seattle, WA 98115
    Back to Search
    Property profile & analytics

    414 70Th St Seattle, WA 98115

    View on Map
    • Commercial real estate
    For Sale
    $1,650,000
    View Listing →
    Greenlake Commercial Property Investment For Sale
    $1,650,000

    Greenlake Commercial Property Investment

    Seattle Greenlake: Own Your Space!

    414 70Th St, Seattle, WA 98115
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fusion Dry Cleaners / (Bike/Boat/Book/etc) Store
    • PuroClean Damage Specialists / Construction Company / General Contractor
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 414 70Th St

    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 414 NE 70th Street in Seattle's desirable Greenlake neighborhood, presents a unique investment opportunity. Priced at $1,650,000, this general commercial building offers a versatile space ideal for a variety of uses, including retail or professional office space. Currently occupied by a dry cleaning business utilizing environmentally safe practices, the property boasts an open layout, providing flexibility for future tenants or owners. The existing tenant will vacate upon closing, allowing for immediate occupancy or the opportunity to lease to a new business. This is a rare chance to own your own property in a highly sought-after location, eliminating rent payments and building equity. The property sits on a lot with zero acres, making it a manageable and potentially easily adaptable space. The absence of a listed square footage necessitates an in-person inspection to determine the precise dimensions of the building. This property is perfect for an owner-occupier seeking a prime location in a thriving Seattle neighborhood or an investor looking for a strong return on investment in a stable market. The opportunity to establish a business in this established area, with its high foot traffic and residential proximity, is significant. Don't miss this chance to secure a valuable asset in a prime Seattle location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.324
    Latitude
    47.6793

    Comparable in this City

    • Value Estimation by Request
      1,010 SF

      1029 66th St Sta, Unit A

      COMMERCIAL (GENERAL) • 1,010 SF
      1029 66th St Sta, Seattle, WA 98115-6619
      View Details
    • Value Estimation
      $9,835,000
      54,721 SF

      829 67th St

      COMMERCIAL (GENERAL) • 54,721 SF
      829 67th St, Seattle, WA 98115-5884
      View Details
    • Value Estimation
      $3,910,000
      20,480 SF

      8520 20th NE Ave

      COMMERCIAL (GENERAL) • 20,480 SF
      8520 20th NE Ave, Seattle, WA 98115-3479
      View Details
    • Value Estimation
      $16,440,000
      108,784 SF

      8500 20th NE Ave

      COMMERCIAL (GENERAL) • 108,784 SF
      8500 20th NE Ave, Seattle, WA 98115-3569
      View Details
    • Value Estimation
      $1,770,000
      10,018 SF

      6500 20th NE Ave

      COMMERCIAL (GENERAL) • 10,018 SF
      6500 20th NE Ave, Seattle, WA 98115
      View Details
    • Value Estimation by Request
      1,030 SF

      1033 66th St Sta, Unit A

      COMMERCIAL (GENERAL) • 1,030 SF
      1033 66th St Sta, Seattle, WA 98115-6619
      View Details

    Similar Nearby for Sale

    • $1,650,000

      Greenlake Commercial Property Investment

      Seattle Greenlake: Own Your Space!
      414 70Th St, Seattle, WA 98115
      View Details
    • Contact for pricing

      Restaurant Ready Corner Building

      High-traffic corner building with built-out kitchen for sale.
      12325 Lake City Way NE, Seattle, WA 98115
      View Details
    • $1,650,000

      Green Lake Mixed-Use Investment

      Seattle commercial property with retail and residential units for sale.
      305 NE 65Th St, Seattle, WA 98115
      View Details
    • $1,995,000
      3,912 SF

      Green Lake Park Apartments

      Well-maintained 7-unit apartment building near Green Lake Park.
      6515 5Th Ave NE, Seattle, WA 98115
      View Details
    • $1,950,000
      3,336 SF

      Seattle Multifamily Investment Opportunity

      Five-unit multifamily property in a strategic Seattle location with full occupancy.
      508 NE 71St St, Seattle, WA 98115
      View Details
    • $865,000
      1,384 SF

      Corner Lot in Bryant Neighborhood

      Commercial land in a dense Seattle submarket.
      7000 35Th Ave NE, Seattle, WA 98115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,203 SF

      Industrial Space Near Highway 99

      33,038 SF industrial space with secured lot, available 4/1/2025.
      7700 2Nd Ave S, Seattle, WA 98115
      View Details
    • $3,168 /Mo
      905 SF

      Seattle Office Space Available

      Ready-to-occupy office space available for rent in Seattle.
      9706 4Th Ave NE, Seattle, WA 98115
      View Details
    • Contact for pricing

      Retail Space on Roosevelt Way

      Retail space available for lease on Roosevelt Way NE.
      6400-6499 Roosevelt Way NE, Seattle, WA 98115
      View Details
    • $4,548 /Mo
      1,882 SF

      Prime Retail Space Available

      Street-level retail with high ceilings, near transit and amenities.
      6512 Roosevelt Way NE, Seattle, WA 98115
      View Details
    • Contact for pricing
      14,609 SF

      Former Retail Space in Seattle

      Available retail space in Seattle's Green Lake neighborhood.
      419 Northeast 71St St, Seattle, WA 98115
      View Details
    • $14,400 /Mo
      192 SF

      Open Office Space Available

      Open office space with shared waiting area for rent.
      6869 Woodlawn Ave NE, Seattle, WA 98115
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    414 70Th St
    Seattle, WA 98115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    414 70Th St, Seattle, WA, 98115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!