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4200 Spirit Lk Hwy Silverlake, WA 98645-9796

OFF-MARKET Office buildings Google Maps
1,374 SF 0.47 ac lot Built 1955
Individually Owned 20-yr Hold ~ Est. High Equity
Estimated value (blended)
$230k
Range $207k – $253k (±10%)
Property ID US90-3299948

Property summary

AI-generated overview

This exceptional commercial property, located at 4200 Spirit Lake Highway in Silverlake, WA, presents a unique investment opportunity. The 1,374 square foot building boasts a versatile layout perfect for a variety of businesses. Enjoy breathtaking views of Silverlake and Mount St. Helens from this updated office space. The interior features a flexible floor plan including a small kitchen area, a dedicated meeting room, and a spacious open workspace, providing ample room for employees and clients. The property sits on a 0.47-acre lot, offering a compact parking area with potential for expansion to accommodate future growth. Its prime location ensures high visibility, benefiting from both local and tourist traffic. The property is offered at $367,000 and includes existing signage, making it ready for immediate occupancy. Whether you're seeking to establish a new business or relocate an existing one, this property offers a turnkey solution in a picturesque setting. The combination of stunning views, convenient amenities, and a desirable location makes this an exceptional opportunity for a discerning buyer. This is a rare chance to own a well-maintained, updated commercial space in a highly sought-after area.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1955
Total area 1,374 SF
Lot 0.47 ac (20,473 SF)
APN WG2603007
UPID US90-3299948

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2005
2 recorded transactions
2005
$183,857
2004
$45,000

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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