Ballard Industrial Portfolio For
For Sale
$24,000,000
4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St, Seattle, WA 98107
Five buildings in Ballard with access to downtown Seattle.
Property Size124,848 SF
Lot Size4.20 Acres
Price / SF$192.23
Days on Market237
Property Features for 4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St
General Information
Standard status
Active
Size
124,848 SF
Lot size
4.20 Acres
Property subtype
Industrial
Site & Location
Neighborhood
Laurelhurst
Listing Agency:
NAI Puget Sound Properties
Listed By:
Tamir Ohayon · License #45683
(425) 586-5627
Source:
Nai-psp
Added: Mar 6
Changed: Oct 25
Last Checked: Oct 28 at 5:39AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This portfolio comprises five buildings centrally located in Ballard, near Leary Way, providing convenient access to downtown Ballard, Fremont, and downtown Seattle. The properties are zoned for Industry & Innovation (II). The total building size is 124,848 square feet, situated on a total land size of 183,000 square feet.
Key Highlights
- Prime location in the heart of Ballard off Leary Way.
- Total building size of 124,848 SF.
- Total land size of 183,000 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,130,073
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,601,460
$22.6M
Cap Rate 7%
$16,143,900
$16.1M
Cap Rate 9%
$12,556,367
$12.6M
Market Conditions
NOI Build-Up for 124,848 SF
Gross rent
$1.75M $14.04/SF
− Vacancy
−$138.5K −$1.11/SF
EGI
$1.61M $12.93/SF
− OpEx
−$484.3K −$3.88/SF
NOI
$1.13M $9.05/SF
Area
Seattle, WA
Vacancy
7.90%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,601,460
Cap Rate 7%
$16,143,900
Cap Rate 9%
$12,556,367
Alternative Uses
Best Use
Industrial
$16.14M
$14.13M – $18.83M
NOI $1,130,073 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$37.56M
$32.87M – $43.82M
NOI $2,629,263 @ 7.0% cap · market cap 10.96%
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
1,738
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Industrial property - Five buildings in Ballard with access to downtown Seattle.
Where is this industrial property located?
The property is located at 4818 14th Ave NW 1148 Leary Way NW and 1141 NW 50th St Seattle, WA.
What is the asking price?
The asking price for this property is $24,000,000.
What are key features of this property?
This property features: Prime location in the heart of Ballard off Leary Way.; Total building size of **124,848 SF**.; Total land size of 183,000 SF.
