15106 10th Ave SW, Burien, WA
Two-building property with renovated office and warehouse space for sale.
- 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
Listing agent Tim Pavolka (253) 606-7610
Listing office NWC - KV LLC (253) 606-7610
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
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 |
Alternative Uses
Current Use by Public Records
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- 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