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    1148 NW 50Th St Seattle, WA 98103

    For Sale
    $26,000,000

    Five buildings in Ballard with flexible use potential.

    Property size:
    124,848 SF
    Lot size:
    4.17 Acres

    Property Features for 1148 NW 50Th St

    General Information

    Size
    124,848 SF
    Lot size
    4.17 Acres

    Source: NAI Puget Sound Properties Agent Tamir Ohayon

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

    Overview

    Ballard Industrial Portfolio For Sale

    This portfolio comprises five buildings situated in Ballard, with access to downtown Ballard, Fremont, and downtown Seattle. The site benefits from a zoning upgrade from IGU2 to Industry and Innovation, allowing flexible uses with a potential FAR between 4.5 to 6.5. The property has a total size of 124848 square feet. Approximately 89,500 square feet is vacant, Building C, LLC - Artist Studios occupies 30,260 square feet, and Deforest Architects occupies 5,090 square feet of office space. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kemly Electric Electrician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3728234
    Latitude
    47.6652552

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    FAQs

    What type of property is this?
    Industrial property - Five buildings in Ballard with flexible use potential.
    Where is this industrial property located?
    The property is located at 1148 NW 50Th St Seattle, WA.
    What is the asking price?
    The asking price for this property is $26,000,000.
    What are key features of this property?
    This property features: - New zoning upgrade to Industry and Innovation allows for flexible uses with a potential FAR between 4.5 to 6.5.; - Portfolio of 5 buildings in the heart of Ballard with easy access to downtown Ballard, Fremont, and downtown Seattle.; - Approximately 89,500 SF of vacant space available.
    (425) 586-5627
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    1148 NW 50Th St Seattle, WA 98103
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    Seattle, WA 98103
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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
    1148 NW 50Th St Seattle, WA 98103
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