What is the typical cap rate for retail in Seattle / Bellevue?

About 7.6% as of Q1 2026, per www lee-associates com.

Is the Seattle / Bellevue retail market tightening or softening?

Vacancy is around 16.8% (Q1 2026).

Retail

Historic Broadway Theater

historic broadway theater, seattle, WA 98102

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence

Low

$3.28/SF/mo

Mid

$4.10/SF/mo

High

$4.92/SF/mo

Tier Used

tax_cap_reverse

Estimated from market cap rate (7.6%), property tax rate (0.01%), and wage-adjusted baseline.

Tier Resolution Trace

Tier 1insufficient_data

Tier 2successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$4.10/SF/mo	—	tax_cap_reverse
Utilities	—	6.9¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$2728/wk	BLS QCEW

Source Provenance (3)

Source	Type	Count	Year	Freshness	Peer
Market Reports	cap_rate	—	—	quarterly	—
API Ninjas	property_tax	—	—	annual	—
BLS QCEW	wage_index	—	—	quarterly	—

Data sources used

market_reportsproperty_taxwage_index

Description

Historic Broadway Theater Available for Lease

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

historic broadway theater, seattle, WA 98102

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeTriple Net (NNN)

Market Context

As of Q1 2026, the Seattle / Bellevue retail market showed a 16.8% vacancy rate, and cap rates around 7.6%. Source: www lee-associates com Q1 2026 market report.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Compare it against other retail listings for lease in Seattle, WA to benchmark pricing and space — view the full market.

Retail market FAQ

What is the typical cap rate for retail in Seattle / Bellevue?: About 7.6% as of Q1 2026, per www lee-associates com.
Is the Seattle / Bellevue retail market tightening or softening?: Vacancy is around 16.8% (Q1 2026).

Unified Estimate

Medium Confidence

$2.73/SF/mo-$3.69/SF/mo

Mid: $3.21/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

Market report quarterly trend fallbackFIPS 32003

Low Confidence

Vacancy %

Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.