Seattle Office/Warehouse in Greenwood
For Sale
Contact for pricing
9241 Greenwood Ave N, Seattle, WA 98103
Office/warehouse property in Seattle's Greenwood District, formerly a distribution center.
Property Size6,206 SF
Lot Size0.39 Acres
Price / SF$483.40
Days on Market487
Property Features for 9241 Greenwood Ave N
General Information
Standard status
Active
Size
6,206 SF
Lot size
0.39 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Kidder Mathews
(206) 296-9625
Listed By:
Ken Hirata · License #32405
(206) 296-9625
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:18AM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This office/warehouse property is located in the Greenwood District of North Seattle. The building was formerly the distribution center for Half Price Books. The first floor features 6,206 square feet of warehouse/office space with a 14-foot clear height. The second floor, originally the headquarters for Anderson - McGruder Co, Inc, a mechanical engineering company, contains 3,905 square feet of office space. Anderson - McGruder built the building for their office headquarters.
Key Highlights
- Office/warehouse property in the Greenwood District of North Seattle.
- First floor warehouse/office of 6,206 SF with 14' clear height.
- Second floor office space of 3,905 SF.
Financial Insights For Office B
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 | $212.2k | $34.20 |
| − Vacancy | −$14.6k | −$2.36 |
| EGI | $197.6k | $31.84 |
| − OpEx | −$49.4k | −$7.96 |
| NOI | $148.2k | $23.88 |
6,206 SF · lease $34.20/SF/yr · vacancy 6.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,200 @ 7.0% cap · market cap 4.94%
Second Best
Flex RnD
$1.15M
$1.00M – $1.34M
NOI $80,162 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,605 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98103, WA
53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value
Market
Vacancy Rate% for Office in Seattle, WA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Special Occasions Catering — 10334 Aurora Ave N, Seattle, WA 98133
- Soul & Spice Catering — 9516 7th Ave NW, Seattle, WA 98117
Frequently Asked Questions
What type of property is this?
Flex space - Office/warehouse property in Seattle's Greenwood District, formerly a distribution center.
Where is this flex space located?
The property is located at 9241 Greenwood Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Office/warehouse property in the Greenwood District of North Seattle.; First floor warehouse/office of 6,206 SF with **14' clear height**.; Second floor office space of 3,905 SF.
