$9,860,000
4854 E Madison St
Fremont · Seattle, WA 98109
$593/sq ft1 days on market805 views23 saves
Key facts
- Interior
- 16,640 sq ft
- Lot
- 1.17 acres
- Year built
- 1963
- Property type
- Retail
- Price / sq ft
- $593/sq ft
- Annual taxes
- $86,770
- Days on market
- 1
Getting around
Very Walkable
Excellent Transit
Very Bikeable
About this property
A NNN asset in Seattle with real durability behind the rent roll. Current NOI supports the 7.1% going-in yield with room above it as leases reset.
Investment summary
Investment summary
Cap rate
7.10%
Net operating income ÷ price
Net operating income
$700,060
Annual, after operating expenses
Cash-on-cash
+4.3%
$127,819 annual cash flow on $2,958,000 equity
12,480 sq ft leased of 16,640 sq ft
- Tenants
- 4
- Rentable area
- 16,640 sq ft
- Price / sq ft
- $593/sq ft
- WALE
- 2.1 yrs
- Lease type
- NNN
- Building class
- Class C
- Zoning
- C-2
- Parking
- 67 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $572,241 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Parking & Access
- On-Site Parking
Highlights
- Anchored Center
- Drive-Thru
- Signalized Corner
- Build-to-Suit Ready
- Opportunity Zone
- Below-Market Rents
Price history
Every listing event recorded for this property.
- Listed
- Price raise
- Sold
| Date | Event | Price |
|---|---|---|
| 2020-05-08 | Sold | $6,285,000 |
| 2026-07-24 | Listed | $9,304,000 |
| 2026-07-24 | Price raise | $9,860,000 |
Location
Fremont, Seattle — King County
Approximate location · Fremont
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Estimated monthly
$59,447/mo
- Principal & interest83%$49,340
- Property tax12%$7,231
- Home insurance5%$2,876
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
Loan amount $7,888,000 · 30 yr · 6.40%