Industrial Warehouse with Heavy
For Sale
$1,925,000
21110 67th Ave NE, Arlington, WA 98223
Light industrial warehouse with 20+/- clear height, 400-amp service, and 3-phase power for operations needing capacity.
Property Size7,200 SF
Lot Size0.58 Acres
Price / SF$267.36
Days on Market89
Property Features for 21110 67th Ave NE
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
7
Lot size
0.58 Acres
Property subtype
Industrial
Zoning
NC
Warehouse & Industrial
Clear Height
20 ft
Heavy Power
Yes
Listing Agency:
NAI Puget Sound Properties
Listed By:
Blake Stedman · License #WA2495
(425) 652-1722
Source:
Nai-psp
Added: Jun 9
Changed: Sep 4
Last Checked: Sep 5 at 3:55AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
Bolser Industrial Warehouse is an industrial facility well suited for light industrial uses. The building is configured with 20’+/- clear height and provides heavy electrical capacity including 400 amps and 3-phase power. The site includes 7 dedicated parking spaces, supporting daily employee and customer access. The property is located on a 0.58-acre lot.
Access and visibility are part of the property’s appeal, with good visibility and access called out in the available materials. The surrounding area is described as a mix of nearby major national retailers, essential service providers, and local small businesses, which can help support a variety of industrial and automotive-oriented operations.
For tenants or owner-users, the combination of practical warehouse height and heavy electrical service supports light industrial and related uses that require reliable power and straightforward on-site parking. Its configuration also makes it a workable option for an owner-operator looking for an industrial warehouse setup on a defined lot with dedicated parking.
Access and visibility are part of the property’s appeal, with good visibility and access called out in the available materials. The surrounding area is described as a mix of nearby major national retailers, essential service providers, and local small businesses, which can help support a variety of industrial and automotive-oriented operations.
For tenants or owner-users, the combination of practical warehouse height and heavy electrical service supports light industrial and related uses that require reliable power and straightforward on-site parking. Its configuration also makes it a workable option for an owner-operator looking for an industrial warehouse setup on a defined lot with dedicated parking.
Key Highlights
- 7,200 SF light industrial warehouse available on a 0.58 AC lot
- 20'+/- clear height for overhead storage or light industrial operations
- 400 amps and 3‑phase heavy power for higher‑capacity electrical needs
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
$91,033
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
4.73%
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%
$1,820,660
$1.8M
Cap Rate 7%
$1,300,471
$1.3M
Cap Rate 9%
$1,011,478
$1.0M
Market Conditions
NOI Build-Up for 7,200 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
$114.9K $15.96/SF
− Vacancy
−$7.8K −$1.09/SF
EGI
$107.1K $14.87/SF
− OpEx
−$16.1K −$2.23/SF
NOI
$91.0K $12.64/SF
Area
Snohomish County, WA
Vacancy
6.80%
Lease Rate
$15.96 /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%
$1,820,660
Cap Rate 7%
$1,300,471
Cap Rate 9%
$1,011,478
Alternative Uses
Best Use
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,033 @ 7.0% cap · market cap 4.73%
Second Best
Industrial
$999.0K
$874.1K – $1.17M
NOI $69,930 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,557 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98223, WA
45,139
Population
18,224
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
316.2 sq mi
ZIP Area
143
Density / Sq Mi
$96,478
Median Household Income
$52,487
Median Earnings
$1,780
Median Rent
$556,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Arlington Self Storage — 20404 67th Ave NE C, Arlington, WA 98223
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- North Star Cold Storage — 210 S W Ave, Arlington, WA 98223
- Nannybag Luggage Storage — 103 E 3rd St, Arlington, WA 98223
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial warehouse with 20+/- clear height, 400-amp service, and 3-phase power for operations needing capacity.
Where is this warehouse located?
The property is located at 21110 67th Ave NE Arlington, WA.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: 7,200 SF light industrial warehouse available on a 0.58 AC lot; 20'+/- clear height for overhead storage or light industrial operations; 400 amps and 3‑phase heavy power for higher‑capacity electrical needs
