4600 37th Ave SW, Seattle, WA 98126
Large specialty warehouse and office with covered secure parking, 24-foot clear height, and two dock doors for owner-users.
- Added:
- Jun 4, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 13 at 3:15 am
Property Features for 4600 37th Ave SW
General Information
- Standard status
- Active
- Size
- 49,383 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing agent BRENT NELSON
Listing office SARATOGA EQUITIES, LLC
Listing date Jun 4, 2026
Source Corcoran
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 SARATOGA EQUITIES, LLC
HighLights
- 49,383 SF specialty use building (owner‑user or covered land opportunity) built in 1981
- NC3‑75 (M) zoning with conceptual massing completed for up to 162 units (75 ft.)
- Covered secure parking plus newly updated garage
- Warehouse features 2 dock doors, freight elevator, and 24' clear height
- 8,329 SF office on the 3rd floor with Seattle skyline views
Overview
Located at 4600 37th Ave SW in Seattle, the property is supported by NC3-75 (M) zoning and has conceptual massing completed for up to 162 units at a 75 ft. height. A walk score of 94 is noted in the materials, and Link light rail is described as coming soon.
For owner-users, the combination of docked warehouse functionality, freight elevator access, and dedicated third-floor office space can support a variety of business operations under one roof. For developers, the NC3-75 (M) zoning basis and the completed conceptual massing provide a starting point for covered land redevelopment planning, while the existing improvements offer utility in the meantime.
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 | $1.50M | $30.36 |
| − Vacancy | −$343.3k | −$6.95 |
| EGI | $1.16M | $23.41 |
| − OpEx | −$289.0k | −$5.85 |
| NOI | $867.0k | $17.56 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Byte Food Truck — 4611 36th Ave SW, Seattle, WA 98126
- Blue Willow Catering — 4721 California Ave SW, Seattle, WA 98116
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- Matador West Seattle — 4546 California Ave SW, Seattle, WA 98116
- Juju's Caribbean Kitchen — 4611 36th Ave SW, Seattle, WA 98126
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3783515
- Latitude
- 47.56175
