Warehouse with Yard and Grade
6407 20th St E Fife, WA 98424
For Sale
Contact for pricing
Warehouse includes floor drains, three grade doors, and a shop with yard for flexible operations.
Property Size18,754 SF
Price / SF$221.29
Days on Market749
Property Features for 6407 20th St E
General Information
Standard status
Active
Size
18,754 SF
Property subtype
RETAIL
Listing Agency:
Saratoga Equities, LLC
(425) 455-2664
Listed By:
Brent Nelson
(425) 455-2664
Source:
Moodyscre
Added: Jul 12, 2024
Changed: Jul 26
Last Checked: Jul 29 at 3:24PM
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 Saratoga Equities, LLC
Investment Insights
Based on property information with market context.
This Fife warehouse property is offered for sale with floor drains and three grade doors. The improvements include a shop with an attached yard and are supported by ample on-site parking, suited to a range of light industrial and warehouse-oriented uses.
The property is positioned for visibility from I-5 and is located adjacent to Larson Cadillac.
A retail component is referenced as required per Fife CCS, providing an added dimension to the site’s potential configuration.
The property is positioned for visibility from I-5 and is located adjacent to Larson Cadillac.
A retail component is referenced as required per Fife CCS, providing an added dimension to the site’s potential configuration.
Key Highlights
- $165K purchase price reduction (6/23/26); first time on market
- Fife warehouse with I‑5 visibility, adjacent to Larson Cadillac
- Includes floor drains
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 | $292.6k | $15.60 |
| − Vacancy | −$23.1k | −$1.23 |
| EGI | $269.4k | $14.37 |
| − OpEx | −$40.4k | −$2.16 |
| NOI | $229.0k | $12.21 |
18,754 SF · lease $15.60/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.27M
$2.86M – $3.82M
NOI $229,032 @ 7.0% cap · market cap 5.52%
Second Best
Retail
$2.32M
$2.03M – $2.71M
NOI $162,575 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,568 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Cold Storage Seattle — 7495 26th St E Suite A, Fife, WA 98424
- Continental Van Lines, Inc. — 2802 70th Ave E, Fife, WA 98424
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse includes floor drains, three grade doors, and a shop with yard for flexible operations.
Where is this warehouse located?
The property is located at 6407 20th St E Fife, WA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: $165K purchase price reduction (6/23/26); first time on market; Fife warehouse with I‑5 visibility, adjacent to Larson Cadillac; Includes floor drains
