Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1765 22Nd Ave Seattle, WA 98144
    Back to Search
    Property profile & analytics

    1765 22Nd Ave, Seattle, WA 98144

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grand Street Commons / Apartment Complex / Apartment Building

    Property Details for 1765 22Nd Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Grand Street Commons offers exceptional retail and restaurant spaces within a vibrant, new mixed-use community in Seattle's Judkins Park neighborhood. Six spaces are available, ranging from 1,190 to 9,032 square feet, providing flexibility for various business needs. This prime location is part of a four-block urban village project featuring 927 apartment units across four buildings, creating a high-density residential population base. The development includes an activated plaza with a water feature and significant street and sidewalk improvements, enhancing pedestrian traffic and visibility. An anchor tenant lease has already been signed, ensuring a strong foundation for the retail component. The property benefits from its proximity to the future Judkins Park Light Rail Station (opening in 2025), providing convenient access to public transportation. This location is also strategically positioned near over 8,800 new housing units currently under development or planned within a 12-block radius, further bolstering the potential customer base. The area boasts excellent schools, including the Seattle Girls School campus, Hamlin Robinson School, and the soon-to-be-built French American School, adding to the community's appeal. This presents a unique opportunity to establish a business in a thriving, rapidly growing neighborhood with significant long-term potential. The total retail space for lease within the Grand Street Commons East, West, and State Street Lofts exceeds 50,000 square feet. King County location, address at 1765 22nd Ave S, Seattle, WA 98144.

    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
    -122.304
    Latitude
    47.5872

    Comparable in this City

    • Value Estimation by Request
      234,505 SF

      209 12Th Ave

      Strip malls
      209 12Th Ave, Seattle, WA 98144
      View Details
    • Value Estimation by Request
      1,044 SF

      241 23Rd Ave

      Individual retail properties
      241 23Rd Ave, Seattle, WA 98144
      View Details
    • Value Estimation by Request
      583 SF

      1706 Rainier S Ave

      RESTAURANT
      1706 Rainier S Ave, Seattle, WA 98144-4541
      View Details
    • Value Estimation by Request
      2,674 SF

      2543 Rainier S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      2543 Rainier S Ave, Seattle, WA 98144-5328
      View Details
    • Value Estimation by Request
      2,888 SF

      2025 Rainier S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      2025 Rainier S Ave, Seattle, WA 98144
      View Details
    • Value Estimation by Request
      1,200 SF

      3019 Martin Luther King Jr S Way

      DRIVE-THRU RESTAURANT, FAST FOOD
      3019 Martin Luther King Jr S Way, Seattle, WA 98144-6007
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Commercial Building in Seattle

      Three-level building suitable for office, retail, or community amenities.
      324 25Th Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing

      Retail/Office Property on Jackson Street

      Retail/office property with high visibility and ample parking.
      1207 S Jackson St, Seattle, WA 98144
      View Details
    • Contact for pricing
      7,394 SF

      Historic Mixed-Use Building in Seattle

      Iconic Seattle building with retail, office, and parking.
      3601 S Mcclellan St, Seattle, WA 98144
      View Details
    • Contact for pricing
      3,727 SF

      Seattle Retail Opportunity For Sale

      Retail property available in Seattle, suitable for owner or investment.
      2801 S Hanford St, Seattle, WA 98144
      View Details
    • Contact for pricing
      13,365 SF

      Interbay Flex/Industrial/Office Building For Lease

      13,365 SF building in thriving Interbay submarket, Seattle.
      4237 24Th Ave W, Seattle, WA 98144
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      Restaurant Space in New Building

      New construction restaurant space available Q1 2026.
      1605 S Jackson St, Seattle, WA 98144
      View Details
    • Contact for pricing

      Retail & Restaurant Space Leasing

      Mixed-use community retail space near future light rail station.
      1765 22Nd Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing
      2,296 SF

      Retail Space in Grand Street Commons

      Mixed-use retail space available in Seattle's Grand Street Commons.
      1750 22Nd Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing
      3,405 SF

      New Retail Space Available

      Retail and restaurant spaces available in Seattle's Grand Street Commons.
      1700-1716 21St Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing
      22,230 SF

      Retail Space in Seattle Available

      Retail property available for lease in Seattle, Washington.
      2701 Rainier Ave S, Seattle, WA 98144
      View Details
    • Contact for pricing

      Mount Baker Office/Retail Building

      Class A office/retail building in Mount Baker neighborhood.
      1414 31St Ave S, Seattle, WA 98144
      View Details
    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.
    1765 22Nd Ave
    Seattle, WA 98144
    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
    1765 22Nd Ave, Seattle, WA, 98144
    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!