Southport
Price
Price on request
Market rate estimate — not broker-provided
Cost-of-Business Details
Medium ConfidenceEstimated from market cap rate (7.6%), property tax rate (0.01%), and wage-adjusted baseline.
| Component | Value | Detail | Source |
|---|---|---|---|
| Base Rent | $49.23/SF | — | 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 | — |
Description
RETAIL/RESTAURANT SPACE FOR LEASE
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
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 buyers leverage and a wide set of comparables.
Compare it against other retail listings for sale in Renton, 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 ConfidenceRate-first confidence-weighted blend with cost-of-business adjustment.
Sale Price History
Market report quarterly trend fallback
- Vacancy %
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.
Financing Assumptions
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Assumptions
- Interest rate: 6.47% (FRED live)
- Loan term: 25 years
- Down payment: 25.0%
- Market comparison: retail in renton, WA
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