6610 181St StKenmore, WA 98028

Property Details for 6610 181St St

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

5,981 SF

Zone code

DC

Property type

Healthcare properties

Property subtype

Medical offices

APN

618170-0496

APU

6181700496

Description

This exceptional office property, Kenmore Village Square, offers a unique opportunity for businesses seeking flexible and conveniently located space. The single-story, 6,125 square foot building is situated on a 0.42-acre lot in the heart of downtown Kenmore, just two blocks from the shores of Lake Washington. The building features a total of 17 parking spaces, making it convenient for employees and clients. The property is classified as a Class B building and was constructed in 1975. Currently, there are multiple tenants, with available suites ranging from 1,080 to 3,250 square feet, ideal for a variety of medical or professional office uses. Its central location offers easy access to amenities and is a short distance from public transportation, benefiting from the ongoing development and growth in downtown Kenmore. Qualified tenants may be eligible for a rent abatement incentive on initial lease terms (restrictions apply). This is a fantastic opportunity to establish a presence in a thriving and desirable location. The property boasts a single building with no elevators. The property is located in King County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,618,473

  6.5%

  $1,493,975

  7%

  $1,387,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,603,889

  Geo Method

  $1,151,821

• Alternative Use

  Use

  Valuation

  Residential

  $1,852,530

  Hospitality

  $1,696,907

  Educational

  $1,411,807

  Medical

  $1,460,361

  Retail

  $2,196,144

Location Insight

City

Kenmore

County

King

State

Washington

Latitude

47.7607

Longitude

-122.252

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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