South Seattle Industrial
For Sale
Contact for pricing
836 Poplar Pl S, Seattle, WA 98144
8,000 SF industrial building in South Seattle for sale.
Property Size8,000 SF
Price / SF$161.88
Days on Market1267
Property Features for 836 Poplar Pl S
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Zoning
IC
Listing Agency:
Coldwell Banker Commercial Danforth
Listed By:
Dominic Temmel · License #WA 102158
(253) 874-3200
Source:
Crexi
Added: Apr 20, 2023
Changed: Sep 18
Last Checked: Oct 5 at 7:21PM
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
Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,930
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,758,600
$1.8M
Cap Rate 7%
$1,256,143
$1.3M
Cap Rate 9%
$977,000
$977.0K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$112.3K $14.04/SF
− Vacancy
−$8.9K −$1.11/SF
EGI
$103.4K $12.93/SF
− OpEx
−$15.5K −$1.94/SF
NOI
$87.9K $10.99/SF
Area
Seattle, WA
Vacancy
7.90%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,758,600
Cap Rate 7%
$1,256,143
Cap Rate 9%
$977,000
Alternative Uses
Best Use
Warehouse
$1.26M
$1.10M – $1.47M
NOI $87,930 @ 7.0% cap · market cap 6.79%
Second Best
Industrial
$1.03M
$905.2K – $1.21M
NOI $72,413 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,478 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 98144, WA
32,178
Population
16,381
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
9,464
Density / Sq Mi
$94,051
Median Household Income
$65,078
Median Earnings
$1,805
Median Rent
$890,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Seattle, WA
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Frequently Asked Questions
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
