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    4521 Tolt Ave Carnation, WA 98014

    For Sale
    $2,100,000

    Two adjacent buildings with retail and warehouse space for sale.

    Property size:
    15,165 SF
    Lot size:
    0.24 Acres

    Property Features for 4521 Tolt Ave

    General Information

    Size
    15,165 SF
    Lot size
    0.24 Acres

    Source: First Western Properties, Inc. Agent Tej Asher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two Carnation Commercial Properties

    Two adjacent commercial properties are available, totaling 15,165 square feet. One property, located at 4521 Tolt Ave, is a 9,075 square foot retail building that previously housed Ace Hardware for over 20 years. This building features approximately 4,950 square feet of ground floor retail space and 4,125 square feet of unfinished mezzanine space. It has street frontage along Tolt Ave and a 14’ x 16’ roll-up door at the rear for loading and materials access. The adjacent property, located at 4542 Stephens Ave, is a 6,090 square foot warehouse. The warehouse includes 19-foot clear height ceilings and dual 14’ x 12’ roll-up doors for drive-through capability. The warehouse is divided into several sections, including two general storage areas and a workshop with a restroom. Power is 30 AMP / 220V. These properties offer owner-user potential or investment upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carnation
    County
    King
    State
    Washington
    Longitude
    -121.9144072
    Latitude
    47.6482821

    Nearby Similar for Sale

    • $1,250,000
      15,287 SF

      Confluence Building: Carnation, WA

      Downtown Carnation Mixed-Use Investment
      0 Tolt Ave, Carnation, WA 98014
      View Details

    FAQs

    What type of property is this?
    Retail space - Two adjacent buildings with retail and warehouse space for sale.
    Where is this retail space located?
    The property is located at 4521 Tolt Ave Carnation, WA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Two adjacent commercial properties totaling 15,165 SF in the heart of Carnation.; - **9,075 SF retail building (4521 Tolt Ave) with excellent street frontage**, formerly Ace Hardware for 20+ years, now vacant.; - **6,090 SF warehouse (4542 Stephens Ave) with 19-foot clear height ceilings and dual 14’ x 12’ roll-up doors.**
    (425) 320-8834
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    Carnation, WA 98014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4521 Tolt Ave Carnation, WA 98014
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