Flex Space Building with On-Site
10310 Aurora Ave N Seattle, WA 98133
10310 Aurora Ave N, Seattle, WA, 98133
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For Sale
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Flex-oriented building with main-floor space, mezzanine office, basement storage and secure vault area, plus on-site parking.
Property Size7,464 SF
Price / SF$200.96
Days on Market13
Property Features for 10310 Aurora Ave N
General Information
- Standard status
- Active
- Size
- 7,464 SF
- Property subtype
- Retail, Office, Mixed Use
Listing agency
Keller Williams North Seattle
(509) 594-7989
Listed by
Kevin Fitzgerald · License #WA
Source
Crexi
Added: Jul 9 Updated: Jul 20 at 9:52PM Checked: Jul 21 at 5:17AM
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 Keller Williams North Seattle
Investment Insights
Based on property information with market context.
10310 Aurora Ave N is a flexible commercial building with a mix of usable space, including main-floor areas, a mezzanine office portion, and a full basement. The basement includes storage on one side and secure vault space, supporting showroom, production, storage, specialty service, and administrative use. Seller-provided information indicates a 2024 roof, three-phase power, and HVAC systems approximately 10 years old; these items should be independently verified during due diligence.
The property is located along Aurora Avenue N and sits within the Aurora/Licton Springs corridor. The site is identified as NC3P-55(M) zoning, and the seller has completed feasibility studies and assembled supporting documentation indicating potential for a 72-unit mixed-use development on the site, subject to approvals. This creates a use-and-hold platform for an owner-user or investor seeking near-term operational flexibility alongside longer-term redevelopment optionality.
The property is located along Aurora Avenue N and sits within the Aurora/Licton Springs corridor. The site is identified as NC3P-55(M) zoning, and the seller has completed feasibility studies and assembled supporting documentation indicating potential for a 72-unit mixed-use development on the site, subject to approvals. This creates a use-and-hold platform for an owner-user or investor seeking near-term operational flexibility alongside longer-term redevelopment optionality.
Key Highlights
- Commercial building at 10310 Aurora Avenue N with main‑floor space, mezzanine office, basement storage, and a secure vault area
- Flexible former service building adapted for office, showroom, production, and storage uses
- Seller‑provided updates include a 2024 roof, three‑phase power, and HVAC systems approximately 10 years old (verify in due diligence)
Local Financial Insights For Retail
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 | $194.4k | $26.04 |
| − Vacancy | −$5.8k | −$0.78 |
| EGI | $188.5k | $25.26 |
| − OpEx | −$56.6k | −$7.58 |
| NOI | $132.0k | $17.68 |
7,464 SF · lease $26.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.89M
$1.65M – $2.20M
NOI $131,972 @ 7.0% cap · market cap 8.80%
Second Best
Office B
$1.56M
$1.36M – $1.82M
NOI $109,030 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,757 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Condominium Law Group, ...
Law Firm
Similar For Sale Nearby
Similar Off Market Nearby
- Total Success Event Services — 10303 Meridian Ave N STE #100, Seattle, WA 98133
- Castro's Catering — 10757 Greenwood Ave N, Seattle, WA 98133
- Special Occasions Catering — 10334 Aurora Ave N, Seattle, WA 98133
FAQs
What type of property is this?
Flex space - Flex-oriented building with main-floor space, mezzanine office, basement storage and secure vault area, plus on-site parking.
Where is this flex space located?
The property is located at 10310 Aurora Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Commercial building at 10310 Aurora Avenue N with main‑floor space, mezzanine office, basement storage, and a secure vault area; Flexible former service building adapted for office, showroom, production, and storage uses; Seller‑provided updates include a 2024 roof, three‑phase power, and HVAC systems approximately 10 years old (verify in due diligence)
