Magnolia Industrial Manufacturing
For Sale
Contact for pricing
4400 24th Ave W, Seattle, WA
13,740 SF manufacturing facility with office/warehouse space for sale.
Property Size13,740 SF
Lot Size0.25 Acres
Price / SF$236.54
Days on Market547
Property Features for 4400 24th Ave W
General Information
Standard status
Active
Size
13,740 SF
Lot size
0.25 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Windermere-Midtown Commercial
(206) 999-9161
Listed By:
Lauren Hendricks
(206) 999-9161
Source:
Moodyscre
Added: Jan 29, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:12AM
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 Windermere-Midtown Commercial
Investment Insights
Based on property information with market context.
This 13,740 square foot manufacturing facility with office and warehouse space is located in the Magnolia industrial quarter. The building originally consisted of one warehouse, offices, and a break room, and was later expanded to include an additional two-story manufacturing facility. The building features two loading doors with both grade level and dock high doors, a clear span warehouse in the main warehouse and second floor of the addition, a paint booth, air lines, and substantial power. Seller financing is available for qualified buyers with 20% down, 5% interest only, and a 5-year term. This property presents an opportunity for an owner-user.
Key Highlights
- Seller financing available: 20% down, 5% interest only, 5‑year term.
- 13,740 square foot manufacturing facility** with office/warehouse space.
- Located in the Magnolia industrial quarter.
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 | $192.9k | $14.04 |
| − Vacancy | −$15.2k | −$1.11 |
| EGI | $177.7k | $12.93 |
| − OpEx | −$26.7k | −$1.94 |
| NOI | $151.0k | $10.99 |
13,740 SF · lease $14.04/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.16M
$1.89M – $2.52M
NOI $151,019 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$1.78M
$1.55M – $2.07M
NOI $124,369 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$4.13M
$3.62M – $4.82M
NOI $289,360 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,395
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 13,740 SF manufacturing facility with office/warehouse space for sale.
Where is this manufacturing property located?
The property is located at 4400 24th Ave W Seattle, WA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Seller financing available: 20% down, 5% interest only, 5‑year term.; 13,740 square foot manufacturing facility** with office/warehouse space.; Located in the Magnolia industrial quarter.
