Warehouse with Dock and Grade
New
For Sale
$7,673,700
2600 W Commodore Way Ste 106-107, Seattle, WA 98199
Industrial space offers heavy power, flexible office build-out potential, and convenient on-site parking.
Property Size25,579 SF
Days on Market2
Property Features for 2600 W Commodore Way Ste 106-107
General Information
Standard status
Active
Size
25,579 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
16 ft
Heavy Power
Yes
Building Details
Building Size
25,579 SF
Year Built
1958
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
Sean Durkin, SIOR, MSRE, CCIM
(425) 830-2647
Source:
Lee-associates
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:52AM
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
Investment Insights
Based on property information with market context.
This warehouse property contains suites 106 and 107, with broad column spacing and 16-foot clear height. Loading is available at both dock and grade level, and the building has heavy power and ample parking. Suite 107 was recently renovated; suite 106 is ready for an office build-out tailored to the occupant’s needs. The property was built in 1958.
Key Highlights
- 16‑foot clear height with broad column spacing
- Dock and grade‑level loading
- Heavy power service
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Seattle, WA
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space offers heavy power, flexible office build-out potential, and convenient on-site parking.
Where is this warehouse located?
The property is located at 2600 W Commodore Way Ste 106-107 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: 16‑foot clear height with broad column spacing; Dock and grade‑level loading; Heavy power service
