Industrial Warehouse with
3111 27th Avenue South Seattle, WA 98144
3111 27th Avenue South, Seattle, WA, 98144
Contact for pricing
For Sale
Contact for pricing
Updated industrial building offering an 11,000 SF warehouse/flex area with dock-high door and a 3,000 SF second-floor office.
Property Size14,000 SF
Price / SF$371.43
Days on Market176
Property Features for 3111 27th Avenue South
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Property subtype
- INDUSTRIAL
Listing Agency
Ewing & Clark Comm'l Brokerage
(206) 612-7877
Listed by
Peter Argeres
Source
Moodyscre
Added: Jan 26 Updated: Jul 20 at 5:48 pm Checked: Jul 20 at 5:48 pm
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 Ewing & Clark Comm'l Brokerage
Investment Insights
Based on property information with market context.
An extremely clean, well-maintained industrial building recently updated to include an 11,000 SF warehouse/flex area with high exposed wood-beamed ceilings, heavy power, and a dock-high roll-up door. The property also features a 3,000 SF office area on the second floor.
The building is supported by four bathrooms and two showers, serving both warehouse and office functions. The site includes 21,000 SF of land zoned NC3-55(M).
The location places the property steps from the Mt. Baker Light Rail Station and adjacent to open green space. The site is also next to new apartment developments and includes easy freeway access.
The building is supported by four bathrooms and two showers, serving both warehouse and office functions. The site includes 21,000 SF of land zoned NC3-55(M).
The location places the property steps from the Mt. Baker Light Rail Station and adjacent to open green space. The site is also next to new apartment developments and includes easy freeway access.
Key Highlights
- 14,000 SF industrial building on land zoned NC3‑55(M)
- Includes 11,000 SF warehouse/flex space with high exposed wood beamed ceilings and heavy power
- Dock‑high roll‑up door in the warehouse/flex area
Local Financial Insights For Office B
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 | $425.0k | $30.36 |
| − Vacancy | −$97.3k | −$6.95 |
| EGI | $327.7k | $23.41 |
| − OpEx | −$81.9k | −$5.85 |
| NOI | $245.8k | $17.56 |
14,000 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.51M
$3.07M – $4.10M
NOI $245,779 @ 7.0% cap · market cap 4.73%
Second Best
Warehouse
$2.20M
$1.92M – $2.56M
NOI $153,877 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$4.21M
$3.69M – $4.91M
NOI $294,836 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Buck & Buck Clothing
Warehouse & Storage
Bill Buck Photography
Photography Service
Similar For Sale Nearby
Similar Off Market Nearby
- That Brown Girl Cooks! — 2822 Martin Luther King Jr Way S, Seattle, WA 98144
- Fancy Foods Cuisine — Parking lot, Seattle, WA 98144
- Rainbow Fresh — 2815 S Hanford St, Seattle, WA 98144
FAQs
What type of property is this?
Flex space - Updated industrial building offering an 11,000 SF warehouse/flex area with dock-high door and a 3,000 SF second-floor office.
Where is this flex space located?
The property is located at 3111 27th Avenue South Seattle, 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: 14,000 SF industrial building on land zoned NC3‑55(M); Includes 11,000 SF warehouse/flex space with high exposed wood beamed ceilings and heavy power; Dock‑high roll‑up door in the warehouse/flex area
