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    1553 NW Leary Way Seattle, WA 98107

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    For Sale
    $2,050,000

    Income-producing Ballard industrial property with redevelopment potential.

    Lot size:
    0.30 Acres

    Property Features for 1553 NW Leary Way

    General Information

    Lot size
    0.30 Acres

    Source: Madison Bay Commercial Agent Hugh Winskill

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

    Overview

    Leary Way Industrial Investment

    This industrial property is located in the Ballard area and is currently 100% leased to Carstar under a long-term lease with a corporate guarantee. The property offers long-term, passive income, and also presents redevelopment potential. It is also available as a portfolio with 4700 Ballard Ave. The property is suitable for industrial, retail, auto shop, and warehouse use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ballard Collision CARSTAR Auto Body Shop

    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.

    Similar Places Nearby

    Bolt Modern Storage, N-10 Net Shed, N-5 Net Shed, On The Go Moving & Storage, CubeSmart Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.377846
    Latitude
    47.663421

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    FAQs

    What type of property is this?
    Warehouse - Income-producing Ballard industrial property with redevelopment potential.
    Where is this warehouse located?
    The property is located at 1553 NW Leary Way Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: - 100% leased to Carstar, providing immediate income.; - Long-term lease ensures stable, passive income.; - Corporate guarantee adds security to the lease agreement.
    (206) 330-1794
    Request Owner's contact information
    1553 NW Leary Way 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
    1553 NW Leary Way Seattle, WA 98107
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