Two-Building Industrial Warehouse
For Sale
$2,000,000
14045 Midvale, Shoreline, WA 98133
Two freestanding metal buildings are separately leased and supported by secured access and individually metered utilities.
Property Size8,000 SF
Lot Size0.41 Acres
Price / SF$250
Days on Market64
Property Features for 14045 Midvale
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
20
Lot size
0.41 Acres
Property subtype
Commercial
Zoning
C1-75
Additional Details
Utilities to Site
Yes
Clear Height
18 ft
Building Details
Year Built
1987
Buildings
2
Construction
prefabricated metal
Listing Agency:
Paragon Real Estate Advisors
Listed By:
Brian D. Platt
(206) 522-3400
Source:
Skylineproperties
Added: Aug 5
Changed: Oct 6
Last Checked: Oct 5 at 8:35PM
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 warehouse property includes two freestanding prefabricated metal buildings totaling 8,000 square feet, with 4,000 square feet in each structure. Built in 1987, both buildings feature metal roofs and 18-foot clear heights. Separate net leases are in place, and the buildings have individual utility metering and a secured entry gate.
The 17,850-square-foot site is zoned C1-75, which includes a 75-foot height limit. Twenty open surface parking stalls serve the property. Located at 14045 Midvale in Shoreline, Washington, the site offers access to public transportation and is near restaurants, grocery stores, and other North Seattle services.
The 17,850-square-foot site is zoned C1-75, which includes a 75-foot height limit. Twenty open surface parking stalls serve the property. Located at 14045 Midvale in Shoreline, Washington, the site offers access to public transportation and is near restaurants, grocery stores, and other North Seattle services.
Key Highlights
- Two freestanding industrial buildings totaling 8,000 square feet
- Each building contains 4,000 square feet and has an 18‑foot clear height
- Both structures are occupied under separate net leases
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
—
—
no second resolved use
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
Current Use
Lease Details
18 ft
Clear height
Yes
Utilities to site
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two freestanding metal buildings are separately leased and supported by secured access and individually metered utilities.
Where is this warehouse located?
The property is located at 14045 Midvale Shoreline, 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; Each building contains 4,000 square feet and has an 18‑foot clear height; Both structures are occupied under separate net leases
