Price cut −4%
$27,250,000
7.4% cap · 53,230 sq ft RBA · Class B
1463 E Madison St
Seattle, WA 98107
Listed 7 months ago$512/sq ft
01 / 07
For SaleMixed Use
$25,585,000
959 E Pike St
Ballard · Seattle, WA 98105
$671/sq ft183 days on market3.6K views94 saves
Key facts
- Interior
- 38,140 sq ft
- Lot
- 1.29 acres
- Year built
- 1959
- Property type
- Mixed Use
- Price / sq ft
- $671/sq ft
- Annual taxes
- $225,150
- Days on market
- 183
Getting around
Walk Score79
Very Walkable
Transit Score73
Excellent Transit
Bike Score68
Bikeable
About this property
8 tenants, 38,140 rentable square feet, and a NNN structure that keeps the operating burden where it belongs. Corner Visibility and monument signage make the space genuinely functional rather than merely leasable. Full offering memorandum and T-12 available under NDA.
Investment summary
Investment summary
Cap rate
5.40%
Net operating income ÷ price
Net operating income
$1,381,590
Annual, after operating expenses
Cash-on-cash
−1.3%
$103,276 annual shortfall on $7,675,500 equity
Occupancy78%
29,749 sq ft leased of 38,140 sq ft
- Tenants
- 8
- Rentable area
- 38,140 sq ft
- Price / sq ft
- $671/sq ft
- WALE
- 9.5 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- MX-3
- Parking
- 113 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $1,484,866 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Interior
- Ground-Floor Retail
Parking & Access
- Structured Parking
Highlights
- Corner Visibility
- Monument Signage
- 24/7 Card Access
- NNN Leases in Place
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2022-10-01 | Sold | $21,189,000 |
| 2026-01-23 | Listed | $25,585,000 |
Location
Ballard, Seattle — King County
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Approximate location · Ballard
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Estimated monthly
$154,253/mo
- Principal & interest83%$128,029
- Property tax12%$18,763
- Home insurance5%$7,462
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.
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Loan amount $20,468,000 · 30 yr · 6.40%
