12351 Lake City Way NE $5,400,000

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    12351 Lake City Way NE Seattle, WA 98125

    • 0.35 Acres
    • Commercial/Industrial
    Listing# 1471754 | Active
    Days On Market: 128 9 Views
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    Property Details

    This is a prominent lake city building first time offered for sale in years. Six long term commercial tenants consist of Pony Express, KC Dental, CTC counseling, CPA, Allstate, Attorney and Point Property Mngt. 12 office spaces in total. Rents for three of the units have not changed for 9+ years and are below market value. 17 parking spaces in the back. These buildings have been well maintained by private ownership.

    • General Features
      • County King
      • Approx Building SqFt 14,548
      • Approx Office SqFt 14,548
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial
      • Style 73-Office
      • Total Covered Parking 0
      • Total Uncovered Parking 17
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Brick
      • Foundation Poured Concrete
      • Roof Torch Down
      • Floor Covering Hardwood, See Remarks, Wall-to-Wall Carpet
      • Features Elevator
      • Heating and Cooling Heat Pump
    • Property Features
      • Depth of Lot 150
      • Site Frontage 128
      • Expansion Area N
      • Environment Survey N
      • Water-Sewer-Garbage 7488
      • Sewer Sewer Connected
      • Sewer Company City of Seattle
      • Energy Source Natural Gas
      • Power Company PSE
      • Number of Available Pads 0
      • Lot Square Footage 15,324
    • Financials
      • Free and Clear Y
      • Vacancy Rate 20
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 15
      • Cap Rate -NOI div LP 0.56
      • Gross Scheduled Income $365,800
      • Gross Adjusted Income $0
      • Total Expenses $58,066
      • NOI $307,734
      • Electrical Expenses $5,520
      • Tax Expense $16,258
      • Heating Expense $0
      • Insurance Expense $2,200
      • Other Expenses $26,600
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98125 (Seattle) Demographics

    38Median Age
    7,364Population Density (per sq. mile)
    61%College Educated
    $58,374 Estimated Median Income
    8,638Estimated Total Home Owners
    9,550Estimated Total Renters
    47% / 53%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    39,692Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $652,500 Median Sales Price
    36 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,400,000
        7/31/2019 9:21:15 AM Price Reduced Source New Value: $5,400,000 -6.09%
        6/11/2019 10:21:00 AM New in Database Source New Value: $5,750,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.