Clear-Span Warehouse with
10001 Lake City Way NE Seattle, WA 98125
For Sale
Contact for pricing
Two-floor industrial facility with clear-span warehouse, heated space, and dock & grade-level loading.
Property Size19,146 SF
Lot Size1.41 Acres
Price / SF$310.77
Days on Market112
Property Features for 10001 Lake City Way NE
General Information
Standard status
Active
Size
19,146 SF
Lot size
1.41 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers International WA, LLC
(425) 492-5145
Listed By:
Talor Okada
(425) 492-5145
Source:
Moodyscre
Added: Apr 10
Changed: Jul 26
Last Checked: Jul 29 at 12:18PM
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 two-floor industrial property totals 19,146 SF, built in 1978 and remodeled in 2007, featuring an 8,460 SF warehouse area, 6,955 SF main office, and 2,850 SF mezzanine office. The site also includes an 835 SF out storage building. The clear-span warehouse area is reported at 21’–25’ clear height and is fully insulated and heated, with 3-phase power service available. Warehouse loading includes dock and grade-level doors, each measuring 10’ x 12’, supporting flexible receiving operations.
The property sits on 1.41 acres (61,420 SF) and is zoned NC3-55 (Neighborhood Commercial 3). An existing pylon sign is located on Lake City Way NE, with traffic stated at 36,000+ VPD. The site is fully fenced and secured, with two ingress/egress points and 23 striped parking stalls, with noted potential to stripe additional stalls.
The owner-user is described as occupying within 6 months. The remarks also reference a billboard on site that is expected to produce additional income, subject to details to be provided by the listing brokers.
The property sits on 1.41 acres (61,420 SF) and is zoned NC3-55 (Neighborhood Commercial 3). An existing pylon sign is located on Lake City Way NE, with traffic stated at 36,000+ VPD. The site is fully fenced and secured, with two ingress/egress points and 23 striped parking stalls, with noted potential to stripe additional stalls.
The owner-user is described as occupying within 6 months. The remarks also reference a billboard on site that is expected to produce additional income, subject to details to be provided by the listing brokers.
Key Highlights
- 19,146 SF total between two floors (built 1978; remodeled in 2007) with 8,460 SF warehouse, 6,955 SF main office, and 2,850 SF mezzanine office
- Clear‑span warehouse with 21’–25’ clear height plus dock and grade‑level loading (each 10’x12’)
- 1.41‑acre fenced and secured site (161,420 SF) with two ingress/egress points and 23 striped parking stalls
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 5.54%
Second Best
Warehouse
$4.71M
$4.12M – $5.49M
NOI $329,504 @ 7.0% cap · market cap 5.54%
Theoretical Best
Specialty Retail
$6.18M
$5.40M – $7.21M
NOI $432,336 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Public Storage — 10821 Lake City Way NE, Seattle, WA 98125
- Northgate Self Storage — 10805 Roosevelt Way NE, Seattle, WA 98125
Frequently Asked Questions
What type of property is this?
Warehouse - Two-floor industrial facility with clear-span warehouse, heated space, and dock & grade-level loading.
Where is this warehouse 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 $5,950,000.
What are key features of this property?
This property features: 19,146 SF total between two floors (built 1978; remodeled in 2007) with 8,460 SF warehouse, 6,955 SF main office, and 2,850 SF mezzanine office; Clear‑span warehouse with 21’–25’ clear height plus dock and grade‑level loading (each 10’x12’); 1.41‑acre fenced and secured site (161,420 SF) with two ingress/egress points and 23 striped parking stalls
