Warehouse with Office and
10001 Lake City Way NE Seattle, WA 98125
10001 Lake City Way NE, Seattle, WA, 98125
$6,425,000
For Sale
$6,425,000
Two-story warehouse with a clear-span area, dock-height loading, and office space plus an out storage building.
Property Size19,146 SF
Lot Size1.41 Acres
Price / SF$335.58
Days on Market101
Property Features for 10001 Lake City Way NE
General Information
- Standard status
- Active
- Size
- 19,146 SF
- Lot size
- 1.41 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
COLLIERS INTERNATIONAL WA, LLC
(425) 492-5145
Listed by
TALOR OKADA
Source
Corcoran
Added: Apr 13 Updated: Jul 20 at 5:40PM Checked: Jul 22 at 8:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLLIERS INTERNATIONAL WA, LLC
Investment Insights
Based on property information with market context.
This for-sale industrial and office property includes 19,146 SF across two floors, built in 1978 and remodeled in 2007. The layout features an 8,460 SF clear-span warehouse area with 21 to 25 feet of clear height, supported by dock grade level loading with 10-by-12-foot dock bays. Office space totals 6,955 SF across a main office and an additional 2,850 SF mezzanine office. An 835 SF out storage building is also included. The warehouse area is heated and fully insulated, with 3-phase power service.
The site totals 1.41 acres (161,420 SF) and is zoned NC3-55. Existing pylon signage is located on Lake City Way NE, and the property has a fully fenced and secured yard with two ingress/egress points and 23 striped parking stalls.
The warehouse is supported by multiple dock-height loading points, while the office components are distributed between the main level and mezzanine space.
The site totals 1.41 acres (161,420 SF) and is zoned NC3-55. Existing pylon signage is located on Lake City Way NE, and the property has a fully fenced and secured yard with two ingress/egress points and 23 striped parking stalls.
The warehouse is supported by multiple dock-height loading points, while the office components are distributed between the main level and mezzanine space.
Key Highlights
- 19,146 SF total across two floors (built 1978; remodeled in 2007), including 8,460 SF warehouse, 6,955 SF main office, and 2,850 SF mezzanine office
- 1.41‑acre fenced and secured site with 2 ingress/egress points and 23 striped parking stalls (potential to stripe more)
- Clear‑span warehouse area with 21’–25’ clear height and dock‑height, grade‑level loading (each 10’x12’)
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $420.4k | $21.96 |
| − Vacancy | −$32.8k | −$1.71 |
| EGI | $387.7k | $20.25 |
| − OpEx | −$58.1k | −$3.04 |
| NOI | $329.5k | $17.21 |
19,146 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$4.71M
$4.12M – $5.49M
NOI $329,551 @ 7.0% cap · market cap 5.13%
Second Best
Warehouse
$4.71M
$4.12M – $5.49M
NOI $329,504 @ 7.0% cap · market cap 5.13%
Theoretical Best
Specialty Retail
$6.18M
$5.40M – $7.21M
NOI $432,336 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AirMark
Printing Equipment Supplier
Similar For Sale Nearby
Similar Off Market Nearby
- Sri Bella — 8811 Roosevelt Way NE, Seattle, WA 98115
- Omega catering llc — 11405 Pinehurst Way NE, Seattle, WA 98125
FAQs
What type of property is this?
Flex space - Two-story warehouse with a clear-span area, dock-height loading, and office space plus an out storage building.
Where is this flex space located?
The property is located at 10001 Lake City Way NE Seattle, WA.
What is the asking price?
The asking price for this property is $6,425,000.
What are key features of this property?
This property features: 19,146 SF total across two floors (built 1978; remodeled in 2007), including 8,460 SF warehouse, 6,955 SF main office, and 2,850 SF mezzanine office; 1.41‑acre fenced and secured site with 2 ingress/egress points and 23 striped parking stalls (potential to stripe more); Clear‑span warehouse area with 21’–25’ clear height and dock‑height, grade‑level loading (each 10’x12’)
