Industrial Warehouse with
For Sale
Contact for pricing
2600-2600 W Commodore Way, Seattle, WA 98199
Heavy power and dock-high and grade-level loading support a range of industrial operations.
Property Size25,579 SF
Price / SF$300
Days on Market15
Property Features for 2600-2600 W Commodore Way
General Information
Standard status
Active
Size
25,579 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Magnolia
Warehouse & Industrial
Clear Height
16 ft
Heavy Power
Yes
Listing Agency:
Lee & Associates Commercial Real Estate Services
(425) 454-4242
Listed By:
Sean Durkin, SIOR, MSRE, CCIM
(206) 773-2682
Source:
Moodyscre
Added: Oct 9
Changed: Oct 20
Last Checked: Oct 23 at 6:54AM
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 Lee & Associates Commercial Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 25,579-square-foot industrial warehouse features broad column spacing, 16' clear height, dock and grade-level loading, heavy power, and ample parking. Suite 107 has been renovated, while Suite 106 is configured for office build-out to suit business needs.
The property is in Seattle’s maritime industrial district, with access to Magnolia, Nickerson, and 15th Avenue.
The property is in Seattle’s maritime industrial district, with access to Magnolia, Nickerson, and 15th Avenue.
Key Highlights
- 25,579‑square‑foot industrial warehouse
- 16' clear height with broad column spacing
- Dock and grade‑level loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$281,144
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,622,880
$5.6M
Cap Rate 7%
$4,016,343
$4.0M
Cap Rate 9%
$3,123,822
$3.1M
Market Conditions
NOI Build-Up for 25,579 SF
Gross rent
$359.1K $14.04/SF
− Vacancy
−$28.4K −$1.11/SF
EGI
$330.8K $12.93/SF
− OpEx
−$49.6K −$1.94/SF
NOI
$281.1K $10.99/SF
Area
Seattle, WA
Vacancy
7.90%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,622,880
Cap Rate 7%
$4,016,343
Cap Rate 9%
$3,123,822
Alternative Uses
Best Use
Warehouse
$4.02M
$3.51M – $4.69M
NOI $281,144 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.70M
$6.73M – $8.98M
NOI $538,686 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
3,444
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98199, WA
22,549
Population
10,737
Households
2.1
Avg Household Size
39
Median Age
77%
College-Educated
99%
High-School Grad
4.2 sq mi
ZIP Area
5,369
Density / Sq Mi
$176,729
Median Household Income
$99,361
Median Earnings
$2,461
Median Rent
$1,160,000
Median Home Value
Market
Vacancy Rate% for Industrial in Seattle, WA
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Frequently Asked Questions
What type of property is this?
Warehouse - Heavy power and dock-high and grade-level loading support a range of industrial operations.
Where is this warehouse located?
The property is located at 2600-2600 W Commodore Way Seattle, WA.
What is the asking price?
The asking price for this property is $7,673,700.
What are key features of this property?
This property features: 25,579‑square‑foot industrial warehouse; 16' clear height with broad column spacing; Dock and grade‑level loading
