Flex Space Industrial Building with Dog Day Care
For Sale
Contact for pricing
4733 Ballard Ave NW, Seattle, WA 98107
Flex space industrial building with parking for 12 vehicles and a dog day care operator under lease.
Property Size10,024 SF
Lot Size0.23 Acres
Price / SF$239.43
Days on Market465
Property Features for 4733 Ballard Ave NW
General Information
Standard status
Active
Size
10,024 SF
Total Parking Spaces
12
Lot size
0.23 Acres
Property subtype
INDUSTRIAL
Zoning
MML U/65
Site & Location
Neighborhood
Interbay
Building Details
Building Size
10,024 SF
Listing Agency:
NAI Puget Sound Properties
(425) 586-5600
Listed By:
Hans Swenson
(425) 586-5630
Source:
Moodyscre
Added: Jul 22, 2025
Changed: Oct 26
Last Checked: Oct 28 at 5:56AM
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 NAI Puget Sound Properties
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Investment Insights
Based on property information with market context.
This flex space industrial building offers 10,024 SF of space on a 10,000 SF lot. The property includes a parking lot with 12 stalls.
The building is leased until 2032 to a well-established dog day care operator, creating a defined occupancy plan for the term of the lease. Zoning is listed as MML U/65.
Located at 4733 Ballard Ave NW in Seattle, the site is configured to support both day-to-day operations and tenant parking needs, with the on-site lot sized to accommodate multiple vehicles.
The building is leased until 2032 to a well-established dog day care operator, creating a defined occupancy plan for the term of the lease. Zoning is listed as MML U/65.
Located at 4733 Ballard Ave NW in Seattle, the site is configured to support both day-to-day operations and tenant parking needs, with the on-site lot sized to accommodate multiple vehicles.
Key Highlights
- Leased until 2032 to a well‑established dog day care operator
- 10,024 SF flex space industrial building
- 10,000 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,553
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,111,060
$2.1M
Cap Rate 7%
$1,507,900
$1.5M
Cap Rate 9%
$1,172,811
$1.2M
Market Conditions
NOI Build-Up for 10,024 SF
Gross rent
$180.4K $18.00/SF
− Vacancy
−$18.0K −$1.80/SF
EGI
$162.4K $16.20/SF
− OpEx
−$56.8K −$5.67/SF
NOI
$105.6K $10.53/SF
Area
Seattle, WA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,111,060
Cap Rate 7%
$1,507,900
Cap Rate 9%
$1,172,811
Alternative Uses
Best Use
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,553 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$1.30M
$1.13M – $1.51M
NOI $90,733 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,103 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,666
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98107, WA
28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Seattle, WA
Similar Off Market Nearby
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- L & L Reps — 2303 W Commodore Way # 207, Seattle, WA 98199, United States
- Daybreak Caterers — 2356 W Commodore Way, Seattle, WA 98199
Frequently Asked Questions
What type of property is this?
Flex space - Flex space industrial building with parking for 12 vehicles and a dog day care operator under lease.
Where is this flex space located?
The property is located at 4733 Ballard Ave NW Seattle, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Leased until 2032 to a well‑established dog day care operator; 10,024 SF flex space industrial building; 10,000 SF lot
