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    1731 135Th Ave Woodinville, WA 98072
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    1731 135Th Ave Woodinville, WA 98072

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    • Retail properties & Spaces
    • 10,508 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1731 135Th Ave

    Property size
    10,508 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 10,508-square-foot retail space is available for lease in the vibrant Woodinville, Washington market. Located at 1731 135th Ave, Woodinville, WA 98072, in King County, this property presents a unique opportunity for businesses seeking a prominent location. The entire building is currently vacant, offering a blank canvas for a single tenant to customize the space to their exact specifications. The property is classified as commercial retail with multiple tenancy potential, although currently the entire space is available. Its prime location in Woodinville offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. The property's size provides ample room for large-scale operations or the potential to subdivide the space for multiple smaller tenants. This is a rare opportunity to secure a substantial retail presence in a thriving community. The address is easily accessible and benefits from high traffic volume. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is ready for immediate occupancy. All 10,508 square feet are available. This is a single-building property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woodinville
    County
    King
    State
    Washington
    Longitude
    -122.16
    Latitude
    47.7731

    Comparable in this City

    • Value Estimation by Request
      70,103 SF

      17300 135Th Ave

      Neighborhood centers • 70,103 SF
      17300 135Th Ave, Woodinville, WA 98072
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    • Value Estimation by Request
      0.25 Acres

      12601 Woodinville Dr

      Office Spaces • 0.25 Acres
      12601 Woodinville Dr, Woodinville, WA 98072
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    • Value Estimation
      $5,055,000
      31,822 SF

      11910 Woodinville Dr

      SHOW ROOM, WAREHOUSE • 31,822 SF
      11910 Woodinville Dr, Woodinville, WA 98072-8813
      View Details
    • Value Estimation by Request
      3.59 Acres

      15000 Woodinville Redmond NE Rd

      SHOW ROOM, WAREHOUSE • 3.59 Acres
      15000 Woodinville Redmond NE Rd, Woodinville, WA 98072-6999
      View Details
    • Value Estimation
      $5,190,000
      32,621 SF

      14710 Woodinville Redmond NE Rd

      SHOW ROOM, WAREHOUSE • 32,621 SF
      14710 Woodinville Redmond NE Rd, Woodinville, WA 98072-6987
      View Details
    • Value Estimation
      $7,950,000
      37,643 SF

      17650 140th NE Ave

      COMMERCIAL (GENERAL) • 37,643 SF
      17650 140th NE Ave, Woodinville, WA 98072-6800
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Woodinville Industrial Warehouse For Sale

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      Land Pad Site Opportunity

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      Woodinville Vacant Land Parcel

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    • $2,500,000
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      Woodinville Office Building For Sale

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      Woodinville Industrial Space Available

      Industrial property available for rent in Woodinville, Washington.
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    • $1,000,000
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      Woodinville Industrial Property For Sale

      Industrial property for sale, walking distance to downtown Woodinville.
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    Similar Nearby for Lease

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      9,045 SF

      Retail Space in Woodinville

      Retail property available for lease in Woodinville, Washington.
      14800 NE 144Th St, Woodinville, WA 98072
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    • $277,750
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      Woodinville Retail Space Opportunity

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    • $47,130
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      New Retail, Office, Flex Space

      Under construction retail center with office and flex space.
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    • $12,789 /Mo
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      Woodinville Retail Space Available

      3,569 SF retail space with existing market build-out.
      17300 135Th Ave NE, Woodinville, WA 98072
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    • $53 SF/Yr

      Turn-Key Office/Retail Space Available

      Stylish office/retail space in a prime Woodinville location.
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    • $4,695 /Mo
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      Retail Space Next to Target

      Retail space with great visibility and parking in Woodinville.
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    Woodinville, WA 98072
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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
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