Clear-Span Concrete Tilt
For Sale
Contact for pricing
19718 144TH AVE NE, Woodinville, WA 98072
Single-tenant concrete tilt, clear-span warehouse with covered outdoor storage and reported 480V electrical capacity.
Property Size16,965 SF
Price / SF$306.51
Days on Market39
Property Features for 19718 144TH AVE NE
General Information
Standard status
Active
Size
16,965 SF
Property subtype
Industrial
Additional Details
Outdoor Storage
Yes
Heavy Power
Yes
Building Details
Year Built
1988
Stories
1
Construction
concrete tilt
Tenancy
Single
Listing Agency:
Kidder Mathews Bellevue
(425) 450-1120
Listed By:
James Leptich · License #WA
Source:
Crexi
Added: Jun 29
Changed: Jul 23
Last Checked: Jul 23 at 8:10AM
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 Kidder Mathews Bellevue
Investment Insights
Based on property information with market context.
This single-tenant warehouse features a concrete tilt, clear-span building design. The property also includes approximately 1,700 SF of covered outdoor storage, providing additional space for goods that benefit from protection from the elements. An electrical report indicates the building has approximately 1,200 amps of 480V power (buyer to verify).
Located at 19718 144TH AVE NE in Woodinville, the offering is positioned in the North Woodinville market.
At a reported total size of approximately 16,965 SF, the facility is presented as a sub-20,000 SF opportunity for an owner-user or investor seeking a dedicated warehouse footprint.
Located at 19718 144TH AVE NE in Woodinville, the offering is positioned in the North Woodinville market.
At a reported total size of approximately 16,965 SF, the facility is presented as a sub-20,000 SF opportunity for an owner-user or investor seeking a dedicated warehouse footprint.
Key Highlights
- 1988‑built single‑tenant concrete tilt, clear‑span warehouse
- Reported ~1,200 amps of 480V electrical capacity per electrical report (buyer to verify)
- Includes ~1,700 SF of covered outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$207,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,143,680
$4.1M
Cap Rate 7%
$2,959,771
$3.0M
Cap Rate 9%
$2,302,044
$2.3M
Market Conditions
NOI Build-Up for 16,965 SF
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.
Gross rent
$264.7K $15.60/SF
− Vacancy
−$20.9K −$1.23/SF
EGI
$243.7K $14.37/SF
− OpEx
−$36.6K −$2.16/SF
NOI
$207.2K $12.21/SF
Area
King County, WA
Vacancy
7.90%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,143,680
Cap Rate 7%
$2,959,771
Cap Rate 9%
$2,302,044
Alternative Uses
Best Use
Warehouse
$2.96M
$2.59M – $3.45M
NOI $207,184 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.79M
$5.95M – $7.93M
NOI $475,644 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98072, WA
24,939
Population
9,897
Households
2.5
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
18.0 sq mi
ZIP Area
1,386
Density / Sq Mi
$174,599
Median Household Income
$90,036
Median Earnings
$2,334
Median Rent
$1,067,000
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 - Single-tenant concrete tilt, clear-span warehouse with covered outdoor storage and reported 480V electrical capacity.
Where is this warehouse located?
The property is located at 19718 144TH AVE NE Woodinville, WA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 1988‑built single‑tenant concrete tilt, clear‑span warehouse; Reported ~1,200 amps of 480V electrical capacity per electrical report (buyer to verify); Includes ~1,700 SF of covered outdoor storage
