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Ballard Portfolio with Mixed-Use Buildings
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4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St, Seattle, WA 98107

Three buildings in Ballard with industrial, office, and retail spaces.

Property Size89,500 SF
Days on Market146

Property Features for 4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St

General Information

Standard status Active
Size 89,500 SF
Property subtype Industrial
Listing Agency: NAI Puget Sound Properties
Listed By: Tamir Ohayon
Source: Nai-psp
Added: Mar 6 Changed: Jul 10 Last Checked: Jul 30 at 4:35AM

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 features three buildings centrally located in the Ballard neighborhood, with convenient access to downtown Ballard, Fremont, and downtown Seattle. The total building size is 89,500 square feet. Building A has a total area of 41,556 square feet, including 38,364 square feet of industrial space and 3,192 square feet of office space. Building B totals 43,442 square feet, which includes 31,442 square feet of industrial space, 12,000 square feet of office space, and a 2,510 square foot mezzanine. Building D offers 4,500 square feet of retail space.

Key Highlights

  • Prime Ballard location with easy access to Ballard, Fremont, and downtown Seattle.
  • Total building size of 89,500 SF.
  • Portfolio of 3 buildings.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Restaurant Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,738
Businesses Nearby
Under-served
Demand for This Use

Demographics for 98107, WA

28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$47.86 /SF/Yr
Avg Asking Price
$3.56–$206 /SF/Yr
Price Range
3,174 SF
Avg Space Size

Vacancy Rate% for Industrial in Seattle, WA

3.6% 2019
5.2% 2020
4.3% 2021
2.9% 2022
5.3% 2023
7.4% 2024
9.2% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Three buildings in Ballard with industrial, office, and retail spaces.
Where is this flex space located?
The property is located at 4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St Seattle, WA.
What are key features of this property?
This property features: Prime Ballard location with easy access to Ballard, Fremont, and downtown Seattle.; Total building size of 89,500 SF.; Portfolio of 3 buildings.
More about this property
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