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JRJeff ReynoldsCompass · Seattle

Listed by Kevin G. Verger, Kidder Mathews

Commercial Industrial
Type
1979
Year built
12,185 sq ft
Lot
70
Days on market

About this property

This asset offers investors and owner/users the rare combination of immediate cash flow, flexible occupancy, and meaningful value-add potential. The property is currently 60% occupied and generates a 7.00% in-place cap rate, providing stable income from the current tenants, creating a clear path to increased income through lease-up or direct owner occupancy. Attractive In-Place Yield - Offered at a compelling 7.00% going-in cap rate, providing immediate cash flow from established tenancy. Clear Value-Add Through Lease-Up - Currently 60% occupied, offering investors a clear path to increase income and value through lease-up of the remaining office suites. Owner-User Flexibility - Ideal for an owner-occupant seeking a professional office presence while offsetting occupancy costs through rental income from existing retail tenants. Flexible Use Potential - Second-floor office layout is well-suited for professional services, medical, or administrative users. Strong Traffic Exposure - Exceptional visibility to 25,000+ average daily vehicles, supporting retail tenant performance, enhancing signage presence, and increasing long-term leasing appeal. Excellent Regional Connectivity - Located just minutes from SR 167, providing access to SR 18, I-5, and I-405, supporting tenant accessibility, employee commuting, and long-term leasing demand.

Location & commute

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Directions

Property details

Listing details

Listing number
#2518114
Listed
May 4, 2026
Days on market
70

Construction

Year built
1979
Style
75 - Retail
Structure
Retail

Lot

Lot size
12,185 sq ft

Terms

Terms offered
Cash

Utilities

Sewer
Sewer Connected

What stands out to you?

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  • Retail
  • Cash
  • Sewer Connected

Listing history

  1. Listed

    $1,280,000

    May 4, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$7,453

Principal & interest
$6,472
Property tax (est.)
$981

Assumes $256,000 down (20%), a $1,024,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.