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2007 NE Ravenna Blvd 819 SF 2% Leased Retail Building Seattle, WA 98105 $2,523,063 CAD ($3,080.66 CAD/SF) 6.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime location on arterial
- Standalone home with 2 units and a Retail Cafe
- Successful, well established business included in sale price
EXECUTIVE SUMMARY
Unique property in Ravenna location, close to UVillage, UW and Stadiums. Mixed use with duplex and small cafe/retail store. Cafe/Retail business included in sale, grosses over $400k annually. Potential income on duplex up to $4,500 monthly or go Air BnB and gross up to $7k monthly. Sale of property includes successful cafe & retail store and a standalone house with 2 units.
FINANCIAL SUMMARY (PRO FORMA - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$178,343
|
$217.76
|
| Other Income |
$19,439
|
$23.74
|
| Vacancy Loss |
$14,267
|
$17.42
|
| Effective Gross Income |
$183,514
|
$224.07
|
| Taxes |
$9,209
|
$11.24
|
| Operating Expenses |
$19,779
|
$24.15
|
| Total Expenses |
$28,988
|
$35.39
|
| Net Operating Income |
$154,526
|
$188.68
|
FINANCIAL SUMMARY (PRO FORMA - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $178,343 |
| Annual Per SF | $217.76 |
| Other Income (CAD) | |
|---|---|
| Annual | $19,439 |
| Annual Per SF | $23.74 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,267 |
| Annual Per SF | $17.42 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $183,514 |
| Annual Per SF | $224.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,209 |
| Annual Per SF | $11.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,779 |
| Annual Per SF | $24.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,988 |
| Annual Per SF | $35.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $154,526 |
| Annual Per SF | $188.68 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
819 SF
Building Class
C
Year Built/Renovated
1916/1990
Price
$2,523,063 CAD
Price Per SF
$3,080.66 CAD
Cap Rate
6.12%
NOI
$154,411 CAD
Percent Leased
2%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.08 AC
Zoning
SF 5000
AMENITIES
- Corner Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Seven Coffee Roasters
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Seven Coffee Roasters | Accommodation and Food Services | - | - | - |
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 221800-0060 | Total Assessment | $1,094,691 CAD (2024) |
| Land Assessment | $618,757 CAD (2024) | Annual Taxes | $9,209 CAD ($11.24 CAD/SF) |
| Improvements Assessment | $475,934 CAD (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
221800-0060
Land Assessment
$618,757 CAD (2024)
Improvements Assessment
$475,934 CAD (2024)
Total Assessment
$1,094,691 CAD (2024)
Annual Taxes
$9,209 CAD ($11.24 CAD/SF)
Tax Year
2022
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2007 NE Ravenna Blvd
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