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    Property profile & analytics
    OFF-MARKET Estimated value $520,000
    Office Spaces

    7420 24th St Mercer Island, WA 98040-2340

    2,912 SF 0.23 ac lot Built 1962
    Entity Owned 15-yr Hold ~ Est. High Equity
    Property ID
    US90-1799813
    Google Maps
    Property summary
    AI-generated overview

    This exceptional King County office space offers a rare opportunity to lease a 342-square-foot single-tenant office. The property is classified as a traditional office space and is ideal for a small business or individual professional seeking a private and efficient workspace. A key feature is the inclusion of a private restroom, a significant advantage for maintaining privacy and convenience. The space is located within King County, offering easy access to various amenities and transportation networks (specific location details are not provided). The single-tenant occupancy ensures exclusive use and control over the premises, eliminating the complexities and potential disruptions associated with shared spaces. This makes it perfect for businesses prioritizing privacy and focused work environments. The 342 square feet provide ample space for a small team or individual professional, allowing for efficient layout and organization of workspace. Given the scarcity of similarly sized, single-tenant offices with private restrooms, this property presents a unique and highly desirable opportunity for the right occupant. Interested parties are encouraged to inquire promptly to secure this exceptional space. Further details regarding lease terms and conditions are available upon request.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1962
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,912 SF
    Lot 0.23 ac (10,098 SF)
    Zoning code B
    APN 531510-0165
    UPID US90-1799813
    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
    Current use
    Occupant on record · Public records
    • Shawn's Cafe & Bakery Cafe & Coffee Shop
    • Anderson & Associates Real Estate Agency
    • Farmers Insurance - Kimball Agency Insurance Agency
    3 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $320k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $489k
    Blend (final) Blend
    $520k
    Owner & transaction history
    Mba Mercer LLC · 15 yrs held
    Mba Mercer LLC
    since 2011
    2 recorded transactions
    2011
    $1.4M
    2001
    Price N/A
    Zoning & alternative use
    B · Mercer Island, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Zoning description

    Doing Business Bids & RFPs Business Licenses Mercer Island Chamber of Commerce Permits Taxes Community Development Building & Inspections Land Use & Planning Development & Construction Permit Fees Map Portal Public Safety Emergency Preparedness Fire & Emergency Services Police Concealed Pistol License Register Security Alarm Column 3 Contact the City Email t…

    Zone name Business
    General category COMMERCIAL
    Zone area 2.98 ac
    Source Home Page | Mercer Island, Washington
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