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    South Seattle Industrial Building Title is generated by Realmo AI

    836 Poplar Pl S, Seattle, WA

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    8,000 SF industrial building in South Seattle for sale.

    Type:INDUSTRIAL
    Property size:
    8,000 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $161/SF
    Added:
    Apr 17, 2023
    Days on Market:
    1179
    Last Refresh:
    May 20 at 8:55 pm

    Property Features for 836 Poplar Pl S

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    0.09 Acres
    Property subtype
    INDUSTRIAL

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    Dominic Temmel
    Dominic Temmel

    Listing office Coldwell Banker Commercial Danforth

    Listing date Apr 17, 2023

    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 Coldwell Banker Commercial Danforth

    HighLights

    • Prime South Seattle location with easy access to I‑5 and I‑90
    • Versatile NC‑3 zoning allows for a variety of commercial uses
    • 8,000 SF building with two‑level access from separate streets
    • Available for sale or lease
    • 3‑Phase power
    • Grade‑level door on the upper level

    Overview

    This 8,000 square foot industrial building is available for sale in South Seattle. The building is situated on two levels, with access from Poplar Place South on the upper level and South Dean Street on the lower level. The NC-3 zoning allows for a variety of commercial uses. The lower level is equipped with sprinklers. The building also features 3-phase power, a grade-level door on the upper level, and a framed door on the lower level. The property offers convenient access to the South Dearborn Street exit from I-5 and the Rainier Avenue exit from I-90.

    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 $112.3k $14.04
    − Vacancy −$8.9k −$1.11
    EGI $103.4k $12.93
    − OpEx −$15.5k −$1.94
    NOI $87.9k $10.99
    8,000 SF · lease $14.04/SF/yr · vacancy 7.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.26M
    $1.10M – $1.47M (±1% cap)
    NOI $87,930 @ 7.0% cap · market cap 6.79%
    Second Best
    Industrial
    $1.03M
    $905.2K – $1.21M (±1% cap)
    NOI $72,413 @ 7.0% cap · market cap 5.59%
    Theoretical Best
    Office A
    $2.41M
    $2.11M – $2.81M (±1% cap)
    NOI $168,478 @ 7.0% cap · market cap 13.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    HVAC Service (Bike/Boat/Book/etc) Store Clothing & Fashion Store Barber Shop Carpet & Flooring Store Veterinary Clinic Pet Grooming Service Mobile Phone Store Butcher Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.312
    Latitude
    47.5946

    FAQs

    What type of property is this?
    Industrial property - 8,000 SF industrial building in South Seattle for sale.
    Where is this industrial property located?
    The property is located at 836 Poplar Pl S Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Prime South Seattle location with easy access to I‑5 and I‑90; Versatile NC‑3 zoning allows for a variety of commercial uses; 8,000 SF building with two‑level access from separate streets
    (253) 273-6474 Call to check price and availability
    More about this property
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