Remodeled Mixed-Use Corner
108 108th St Seattle, WA 98168
108 108th St, Seattle, WA, 98168
$2,997,000
For Sale
$2,997,000
Remodeled mixed-use building with apartments, office, and warehouse space.
Property Size6,000 SF
Price / SF$499.50
Days on Market137
Property Features for 108 108th St
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
EXP REALTY, LLC
(425) 822-5100
Listed by
SUSAN WARD
Source
Corcoran
Added: Mar 4 Checked: Jul 19 at 4:11 am
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This property features a remodeled mixed-use building with a light industrial designation. The building was remodeled in 2022 and includes multiple office spaces, a kitchen, and a warehouse equipped with 3-phase power. The warehouse has a 12x12 ft roll-up door for exterior grade-level loading. Upstairs, there are two apartments, each 690 sq ft with 1 bed/1 bath, offering rental income potential. The downstairs area includes an additional 1380 sq ft of warehouse space. A new roof was installed in 2021. The exterior features a low-maintenance rainscreen. The property is suitable for retail, offices, and manufacturing. A floorplan is available. There is a large fenced parking lot with some covered area. The owner currently occupies the property, and occupancy is negotiable. The property size is 6000 sq ft.
Key Highlights
- Remodeled in 2022 for light industrial mixed use, suitable for retail, offices, or manufacturing
- Two 1‑bed/1‑bath apartments upstairs offer rental income potential
- Warehouse space with 3‑phase power and roll‑up door facilitates industrial operations
Local Financial Insights For Office B
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 | $182.2k | $30.36 |
| − Vacancy | −$41.7k | −$6.95 |
| EGI | $140.4k | $23.41 |
| − OpEx | −$35.1k | −$5.85 |
| NOI | $105.3k | $17.56 |
6,000 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.50M
$1.32M – $1.76M
NOI $105,334 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,267 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,358 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alpha developers llc
General Contractor
AM Contracting LLC
Construction Company
G&A Quality Metals ...
Metal Fabrication Plant
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FAQs
What type of property is this?
Mixed-use property - Remodeled mixed-use building with apartments, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 108 108th St Seattle, WA.
What is the asking price?
The asking price for this property is $2,997,000.
What are key features of this property?
This property features: Remodeled in 2022 for light industrial mixed use, suitable for retail, offices, or manufacturing; Two 1‑bed/1‑bath apartments upstairs offer rental income potential; Warehouse space with 3‑phase power and roll‑up door facilitates industrial operations
