High-Ceiling Metal Storage
19914 15th Avenue Northeast Shoreline, WA 98155
19914 15th Avenue Northeast, Shoreline, WA, 98155
$375,000
For Sale
$375,000
Vacant high-ceiling metal storage building with sliding doors, set on a vacant lot.
Property Size900 SF
Price / SF$416.67
Days on Market65
Property Features for 19914 15th Avenue Northeast
General Information
- Standard status
- Active
- Size
- 900 SF
- Property subtype
- Land
Listing agency
Wilson Realty Exchange, Inc.
Listed by
Charles A. Carosella · License #23977
Source
Compass
Added: May 19 Updated: Jul 20 at 5:09PM Checked: Jul 22 at 6:24AM
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 Wilson Realty Exchange, Inc.
Investment Insights
Based on property information with market context.
The property consists of a vacant lot improved by a metal storage building with a very high ceiling and sliding doors. The building is vacant and has been used for storage, and it is presented as a straightforward reuse option while you move through the permit process. The structure includes an approximately 900-square-foot footprint.
The seller notes a sewer map for the stub location and that you can rent the space while going through the permit process. Please review the sewer map and permit requirements during your due diligence.
For sale with the building ready for immediate vacancy status, this is a practical option for storage-oriented users seeking a metal structure with high-volume clearance.
The seller notes a sewer map for the stub location and that you can rent the space while going through the permit process. Please review the sewer map and permit requirements during your due diligence.
For sale with the building ready for immediate vacancy status, this is a practical option for storage-oriented users seeking a metal structure with high-volume clearance.
Key Highlights
- Vacant lot with a 900 SF high‑ceiling metal building
- Sliding doors and ceiling height designed for storage use
- Building is currently vacant and has been used for storage
Local 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 | $14.0k | $15.60 |
| − Vacancy | −$1.1k | −$1.23 |
| EGI | $12.9k | $14.37 |
| − OpEx | −$1.9k | −$2.16 |
| NOI | $11.0k | $12.21 |
900 SF · lease $15.60/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$157.0K
$137.4K – $183.2K
NOI $10,991 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.5K
$315.4K – $420.6K
NOI $25,233 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 20041 Ballinger Way NE, Shoreline, WA 98155
- Public Storage — 20065 15th Ave NE, Shoreline, WA 98155
FAQs
What type of property is this?
Warehouse - Vacant high-ceiling metal storage building with sliding doors, set on a vacant lot.
Where is this warehouse located?
The property is located at 19914 15th Avenue Northeast Shoreline, WA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Vacant lot with a 900 SF high‑ceiling metal building; Sliding doors and ceiling height designed for storage use; Building is currently vacant and has been used for storage
