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Normandy Park Retail - Redevelopment Site - Availability Details

Off-Market

17817 1st Ave S, Seattle, WA 98148

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  • Property Type Retail
  • Property Size 15,188 SF
  • Lot Size 3.17 Acre
  • Year Built 1961

Location

  • City Seattle, WA
  • Neighborhood Normandy Park
  • Zip Code 98148
  • Market Seattle

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Documents

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Sales

  • Purchase Date 28 Jun, 1993
  • Purchase Price

Market Trends

Average Actual Rents in Seattle

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Seattle Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $41.40
  • 2020 Office Vacancy Rate 10.70%
  • 2020 Office Completions (SF) 2,507,003

Seattle Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $848.55
  • 2020 Office Sales Volume $1.6B
  • 2020 Number of Transactions 12

Tax

  • Property Tax in 2022 $25,591
  • Market Value* $2,003,100
  • Assessed Value $2,003,100

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.