Cannabis Production Facility with Heavy 3-Phase
For Sale
Contact for pricing
10333 Lake City Way NE, Seattle, WA 98125
Long-term leased cannabis facility with HVAC, ventilation, lighting, and heavy three-phase power throughout.
Property Size7,332 SF
Price / SF$347.79
Days on Market464
Property Features for 10333 Lake City Way NE
General Information
Standard status
Active
Size
7,332 SF
Property subtype
RETAIL
Listing Agency:
NAI Puget Sound Properties
(425) 586-5628
Listed By:
Kent Channing
(425) 586-5628
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Jul 30
Last Checked: Jul 30 at 9:44AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This cannabis production facility totals 7,332 SF and is leased to support both retail and production operations. The space includes 1,950 SF occupied by an i502 retail tenant and 5,382 SF occupied by a Tier 2 producer/processor.
The building has heavy 3 phase power throughout, with HVAC, ventilation, and lighting in place. Long term leases are secured, providing a structure designed for ongoing operations.
Located at 10333 Lake City Way NE in Seattle, the property is configured to accommodate the power and building systems typically needed for cannabis production and related retail activity.
The building has heavy 3 phase power throughout, with HVAC, ventilation, and lighting in place. Long term leases are secured, providing a structure designed for ongoing operations.
Located at 10333 Lake City Way NE in Seattle, the property is configured to accommodate the power and building systems typically needed for cannabis production and related retail activity.
Key Highlights
- Total 7,332 SF cannabis facility with retail and production space
- 1,950 SF occupied by i502 retail tenant
- 5,382 SF occupied by Tier 2 producer/processor
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 | $220.0k | $30.00 |
| − Vacancy | −$6.6k | −$0.90 |
| EGI | $213.4k | $29.10 |
| − OpEx | −$64.0k | −$8.73 |
| NOI | $149.4k | $20.37 |
7,332 SF · lease $30.00/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.13M
$1.87M – $2.49M
NOI $149,353 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.37M
$2.07M – $2.76M
NOI $165,564 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 98125, WA
42,965
Population
21,493
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
7,956
Density / Sq Mi
$96,725
Median Household Income
$61,552
Median Earnings
$1,856
Median Rent
$844,500
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - Long-term leased cannabis facility with HVAC, ventilation, lighting, and heavy three-phase power throughout.
Where is this cannabis property located?
The property is located at 10333 Lake City Way NE Seattle, WA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Total 7,332 SF cannabis facility with retail and production space; 1,950 SF occupied by i502 retail tenant; 5,382 SF occupied by Tier 2 producer/processor
