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4516 Meridian N Ave Seattle, WA 98103-5073

OFF-MARKET Commercial real estate Google Maps
16,430 SF 0.13 ac lot Built 2013
Entity Owned 7-yr Hold
Estimated value (blended)
$2.68M
Range $2.41M – $2.94M (±10%)
Property ID US90-1696572

Property summary

AI-generated overview

This exceptional 372-square-foot retail space is ideally situated at 4516 Meridian Ave N in Seattle, Washington, within the 98103 zip code. Located in King County, this single-tenant property offers a fantastic opportunity for a variety of businesses. The entire 372 square feet is currently vacant, providing immediate occupancy for a new tenant. The property's classification is retail, making it suitable for a wide range of retail ventures. Its convenient location in Seattle offers excellent visibility and accessibility for customers. The property's address is precisely 4516 Meridian Ave N, Seattle, WA 98103, with GPS coordinates of 47.66206 latitude and -122.3333979 longitude. This presents a unique chance to establish a presence in a thriving Seattle neighborhood. The space is ready for immediate lease and offers a blank canvas for a business to customize and thrive. Interested parties are encouraged to inquire further to explore the possibilities this property presents. The property is available for lease and is a single-tenant space.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2013
Construction FRAME
Total area 16,430 SF
Lot 0.13 ac (5,700 SF)
Zoning code NC2-55 (M)
APN 051000-0775
UPID US90-1696572

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
  • Apartment Building

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.68M

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2016
Price N/A
2012
Price N/A
2009
Price N/A
1969
Price N/A

Zoning & alternative use

NC2-55 (M) · Seattle, WA
Zoning description

The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including…

General category COMMERCIAL

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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