Two-Building Industrial Warehouse
For Sale
Contact for pricing
14045 Midvale Ave N, Seattle, WA 98133
Separate net leases and gated access support an owner-user arrangement with income from the second building.
Property Size8,000 SF
Price / SF$250
Days on Market51
Property Features for 14045 Midvale Ave N
General Information
Standard status
Active
Size
8,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Paragon Real Estate Advisors
(206) 623-8880
Listed By:
Brian Platt
(206) 812-9130
Source:
Moodyscre
Added: Aug 17
Changed: Oct 2
Last Checked: Oct 5 at 9:13PM
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 Paragon Real Estate Advisors
Investment Insights
Based on property information with market context.
This industrial property includes two freestanding prefabricated metal buildings totaling 8,000 square feet, with 4,000 square feet in each structure. Both buildings feature metal roofs, 18-foot clear heights, and separate net leases. Built in 1987, the improvements are supported by separately metered utilities, a secured entry gate, and 20 open surface parking stalls.
The 17,850-square-foot site is located at 14045 Midvale Ave N in Seattle, Washington, and carries C1-75 zoning with a 75-foot height limit. The property has access to public transportation and is near restaurants, grocery stores, and other North Seattle services. Its two-building layout allows an owner-user to occupy one structure while retaining a separately leased building for income.
The 17,850-square-foot site is located at 14045 Midvale Ave N in Seattle, Washington, and carries C1-75 zoning with a 75-foot height limit. The property has access to public transportation and is near restaurants, grocery stores, and other North Seattle services. Its two-building layout allows an owner-user to occupy one structure while retaining a separately leased building for income.
Key Highlights
- Two freestanding industrial buildings totaling 8,000 square feet
- 4,000 square feet in each building with 18‑foot clear heights
- 17,850‑square‑foot lot zoned C1‑75 with a 75‑foot height limit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,730
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,254,600
$2.3M
Cap Rate 7%
$1,610,429
$1.6M
Cap Rate 9%
$1,252,556
$1.3M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$144.0K $18.00/SF
− Vacancy
−$11.4K −$1.42/SF
EGI
$132.6K $16.58/SF
− OpEx
−$19.9K −$2.49/SF
NOI
$112.7K $14.09/SF
Area
ZIP 98133
Vacancy
7.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,254,600
Cap Rate 7%
$1,610,429
Cap Rate 9%
$1,252,556
Alternative Uses
Best Use
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,730 @ 7.0% cap · market cap 5.64%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $92,837 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,440 @ 7.0% cap · market cap 7.97%
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
895
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98133, WA
50,720
Population
24,730
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
7,144
Density / Sq Mi
$92,371
Median Household Income
$60,328
Median Earnings
$1,794
Median Rent
$719,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Seattle, WA
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Frequently Asked Questions
What type of property is this?
Warehouse - Separate net leases and gated access support an owner-user arrangement with income from the second building.
Where is this warehouse located?
The property is located at 14045 Midvale Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two freestanding industrial buildings totaling 8,000 square feet; 4,000 square feet in each building with 18‑foot clear heights; 17,850‑square‑foot lot zoned C1‑75 with a 75‑foot height limit
