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Renovated Ballard Warehouse/Office Property
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1123 NW 51st St, Seattle, WA 98107

Stand-alone warehouse/office in Seattle's Ballard neighborhood, zoned for industrial uses.

Space Size5,082 SF
Days on Market163

Property Features for 1123 NW 51st St

General Information

Standard status Active
Size 5,082 SF
Property subtype Industrial

Building Details

Building Size 5,082 SF
Tenancy Single

Spaces For Lease

at 1123 NW 51st St Contact us

Available Space

Size
5,082 SF
Type
Industrial
Lease Type
NNN
Availability
Active
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Listing Agency: Lee & Associates - Bellevue
Listed By: Amanda Hahnemann · License #WA 112910
Source: Crexi
Added: Mar 7 Changed: Aug 14 Last Checked: Aug 17 at 8:40AM

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 Lee & Associates - Bellevue

Investment Insights

Based on property information with market context.

This stand-alone warehouse/office property has been recently fully renovated and includes extensive electrical and plumbing infrastructure. The building provides a functional combination of warehouse space and dedicated office space on the mezzanine level. Zoned Industrial Intensive (II-U/125), the property supports a range of industrial, manufacturing, and flex uses, including warehouse, light manufacturing, R&D, and storage. Located in Seattle's Ballard neighborhood, the property is surrounded by a mix of industrial, commercial, and creative businesses. It offers visibility and access along NW 51st Street, with connections to major arterials and public transit. The location is suitable for businesses seeking a central Seattle presence with neighborhood character and access to downtown and surrounding markets.

Key Highlights

  • Fully renovated warehouse/office property with extensive electrical and plumbing infrastructure.
  • Zoned Industrial Intensive (II‑U/125) supporting a range of industrial, manufacturing, and flex uses.
  • Desirable Ballard neighborhood location with strong visibility and access along NW 51st Street.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Dental Office Building Supply HVAC Service Garden Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,738
Businesses Nearby
Balanced
Demand for This Use

Demographics for 98107, WA

28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value

Market

Vacancy Rate% for Industrial in Seattle, WA

3.6% 2019
5.2% 2020
4.3% 2021
2.9% 2022
5.3% 2023
7.4% 2024
9.2% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Stand-alone warehouse/office in Seattle's Ballard neighborhood, zoned for industrial uses.
Where is this flex space located?
The property is located at 1123 NW 51st St Seattle, WA.
What are key features of this property?
This property features: Fully renovated warehouse/office property with extensive electrical and plumbing infrastructure.; Zoned Industrial Intensive (II‑U/125) supporting a range of industrial, manufacturing, and flex uses.; Desirable Ballard neighborhood location with strong visibility and access along NW 51st Street.
More about this property
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