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Property profile & analytics
FOR LEASE
Retail space

2750 77Th Ave SE Mercer Island, WA 98040

7,036 SF 0.46 ac lot Built 1994
Entity Owned 9-yr Hold Free & Clear
Property ID
US90-0796503
No photos on file
For Lease
$2,075,000 1,286 SF available
2750 77Th Ave SE, Mercer Island, WA 98040
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Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,036 SF
Lot 0.46 ac (20,075 SF)
Zoning code TC
APN 531510-1316
UPID US90-0796503
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.94M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.08M
Owner & transaction history
Xing Hua Group Ltd · 9 yrs held
Xing Hua Group Ltd
since 2017
3 recorded transactions
2017
$5.0M
1989
$340,000
1969
Price N/A
Zoning & alternative use
TC · Mercer Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

19.04.030 Town Center district - TC. Repealed by Ord. 02C-04. (Ord. 99C-13 § 1). 19.04.040 Parking requirements. A. The following parking requirements apply to all uses in the C-O and B zones and to all nonresidential uses in the PBZ zone. B. General Requirements. 1. Surfacing and Grading. All off-street parking areas shall be graded and surfaced to a standa…

Zone name Town Center
General category UNKNOWN
Zone area 77.74 ac
Top alternative use upside
Auto repair, garage $3.2M +17.0%
Medical building $2.8M +0.7%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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