Property profile

12500 Lake City Way Seattle, WA 98125

OFF-MARKET
Retail properties & Spaces
126,574 SF Built 2001
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Property summary

AI-generated overview

This exceptional retail opportunity is located in the vibrant City North complex at the prominent corner of NE 125th Street and Lake City Way in Seattle, Washington. The property, built in 2001 and renovated in 2011, comprises two buildings with a total of 126,574 square feet, encompassing 94 suites. Two retail spaces are currently available, ranging from 721 to 1,547 square feet. The property sits on a 16,824 square foot lot and boasts 123 parking spaces, including dedicated retail garage parking. The building underwent upgrades in 2014, including new signage, fresh paint, and parking improvements. This mixed-use development also includes 94 apartments and 10,812 square feet of total retail space. The location benefits from high traffic counts, situated across from a newer Bartell Drugs store in an established retail area. The property is zoned NC3P-85 and has a King County APN of 1453601220. Property taxes are $7.50 per square foot. This prime location at the busiest intersection in the immediate trade area presents a unique opportunity for businesses seeking high visibility and accessibility in a thriving Seattle neighborhood. The six-story building offers ground floor retail space with excellent signage opportunities.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2001
Total area 126,574 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Grocery & Convenience Store Food Market

Location

12500 Lake City Way Seattle, WA 98125
Seattle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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