Ballard Industrial Portfolio For
4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St Seattle, WA 98107
4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St, Seattle, WA, 98107
$26,000,000
For Sale
$26,000,000
Five buildings in Ballard with access to downtown Seattle.
Property Size124,848 SF
Lot Size4.20 Acres
Price / SF$208.25
Days on Market138
Property Features for 4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St
General Information
- Standard status
- Active
- Size
- 124,848 SF
- Lot size
- 4.20 Acres
- Property subtype
- Industrial
Listing agency
NAI Puget Sound Properties
(425) 586-5627
Listed by
Tamir Ohayon
Source
Nai-psp
Added: Mar 6 Updated: Jul 6 at 10:40AM Checked: Jul 21 at 4:03AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This portfolio comprises five buildings centrally located in Ballard, near Leary Way, providing convenient access to downtown Ballard, Fremont, and downtown Seattle. The properties are zoned for Industry & Innovation (II). The total building size is 124,848 square feet, situated on a total land size of 183,000 square feet.
Key Highlights
- Prime location in the heart of Ballard off Leary Way.
- Total building size of 124,848 SF.
- Total land size of 183,000 SF.
Local Financial Insights For Industrial
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 | $1.75M | $14.04 |
| − Vacancy | −$138.5k | −$1.11 |
| EGI | $1.61M | $12.93 |
| − OpEx | −$484.3k | −$3.88 |
| NOI | $1.13M | $9.05 |
124,848 SF · lease $14.04/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$16.14M
$14.13M – $18.83M
NOI $1,130,073 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$37.56M
$32.87M – $43.82M
NOI $2,629,263 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Five buildings in Ballard with access to downtown Seattle.
Where is this industrial property located?
The property is located at 4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St Seattle, WA.
What is the asking price?
The asking price for this property is $26,000,000.
What are key features of this property?
This property features: Prime location in the heart of Ballard off Leary Way.; Total building size of **124,848 SF**.; Total land size of 183,000 SF.
