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    5422 Shilshole Ave NW Seattle, WA 98107

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    For Sale
    $18,250,000

    65,854 SF building in Ballard with redevelopment potential.

    Property size:
    65,854 SF
    Lot size:
    0.75 Acres

    Property Features for 5422 Shilshole Ave NW

    General Information

    Size
    65,854 SF
    Lot size
    0.75 Acres

    Source: Windermere-Midtown Commercial Agent Lauren Hendricks

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

    Overview

    Ballard Warehouse and Storage Facility

    This 65,854 square foot building is located in the heart of Ballard. Constructed in 1941, the property was initially a hardware store before being converted into a 600-unit mini-storage facility and general warehousing space. The building is zoned MML U/65, with an additional 4,650 square foot parking lot located across the alley at 5415 Ballard Ave NW, zoned NC2P-65. The facility features full sprinkler coverage, a new 60-mil PVC roof installed in 2023, and 20-foot ceilings on the first floor. Loading is facilitated by both grade-level and dock-high doors. The property is equipped with 2400+ AMPS of 3-Phase power, along with an on-site transformer vault. It offers over 300 feet of frontage on Shilshole Avenue NW and over 50 feet of frontage on Ballard Ave NW. This property presents an opportunity for an owner-user or investor to acquire a substantial portion of a city block in Ballard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ponsistic Towing´s CO Towing Equipment Provider Magnum Self Storage Mover

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3856583
    Latitude
    47.6674707

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    FAQs

    What type of property is this?
    Self storage facility - 65,854 SF building in Ballard with redevelopment potential.
    Where is this self storage facility located?
    The property is located at 5422 Shilshole Ave NW Seattle, WA.
    What is the asking price?
    The asking price for this property is $18,250,000.
    What are key features of this property?
    This property features: - Prime Ballard location: Heart of Ballard, nearly an entire city block.; - Flexible MML U/65 zoning: Suitable for owner-user or investor, allows for a wide range of uses.; - Substantial size: 65,854 SF building plus a 4,650 SF parking lot.
    (206) 999-9161
    Request Owner's contact information
    5422 Shilshole Ave NW Seattle, WA 98107
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    Seattle, WA 98107
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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
    5422 Shilshole Ave NW Seattle, WA 98107
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