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    Well-Maintained Warehouse with Income Potential Title is generated by Realmo AI

    15106 10th Ave SW, Burien, WA

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    Two-building property with renovated office and warehouse space for sale.

    Type:INDUSTRIAL
    Property size:
    14,425 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $242/SF
    Added:
    Apr 16, 2025
    Days on Market:
    423
    Last Refresh:
    May 19 at 11:05 pm

    Property Features for 15106 10th Ave SW

    General Information

    Standard status
    Active
    Size
    14,425 SF
    Lot size
    0.35 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Tim Pavolka
    Tim Pavolka

    Listing agent Tim Pavolka

    Listing office NWC - KV LLC

    Listing date Apr 16, 2025

    Source Moodyscre

    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 NWC - KV LLC

    HighLights

    • Two buildings on the property, totaling 14,425 SF of space.
    • Main building features a renovated office space and a 5,500 SF open warehouse.
    • Warehouse clear height of 20'.
    • Second building (1,532 SF) is 100% occupied, generating income.
    • Includes one grade‑level (GL) and two dock‑high (DH) loading doors.
    • Total land size of 15,240 SF.

    Overview

    The property at 15106 10th Ave SW features two buildings. The main building provides 12,893 square feet, including renovated office space and 5,500 square feet of open warehouse area with a 20-foot clear height, plus an additional shop area. The second building measures 1,532 square feet and is currently 100% occupied, providing additional income. The total available size is 14,425 square feet on a 15,240 square foot lot. Loading is facilitated by one grade-level door and two dock-high doors.

    Local Financial Insights For Warehouse

    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 $225.0k $15.60
    − Vacancy −$17.8k −$1.23
    EGI $207.3k $14.37
    − OpEx −$31.1k −$2.16
    NOI $176.2k $12.21
    14,425 SF · lease $15.60/SF/yr · vacancy 7.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $2.52M
    $2.20M – $2.94M (±1% cap)
    NOI $176,165 @ 7.0% cap · market cap 5.03%
    Second Best
    Industrial
    $2.07M
    $1.81M – $2.42M (±1% cap)
    NOI $145,077 @ 7.0% cap · market cap 4.15%
    Theoretical Best
    Office A
    $5.78M
    $5.06M – $6.74M (±1% cap)
    NOI $404,431 @ 7.0% cap · market cap 11.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Public Storage — 14034 1st Ave S, Burien, WA 98168
    • Personal Units 4U — 138 SW 148th St, Burien, WA 98166
    • Bounce Luggage Storage - SeaTac — 207 SW 153rd St, Seattle, WA 98166
    • Public Storage — 15400 1st Ave S, Burien, WA 98148

    Location Insight

    • Map
    • Local Demand
    City
    Burien
    County
    King
    State
    Washington
    Longitude
    -122.357
    Latitude
    47.4475

    FAQs

    What type of property is this?
    Warehouse - Two-building property with renovated office and warehouse space for sale.
    Where is this warehouse located?
    The property is located at 15106 10th Ave SW Burien, WA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Two buildings on the property, totaling 14,425 SF of space.; Main building features a renovated office space and a **5,500 SF open warehouse**.; **Warehouse clear height of 20'**.
    (253) 606-7610 Call to check price and availability
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