Marine Facility with Boat
For Sale
Contact for pricing
5350 30th Ave NW, Seattle, WA 98107
Marine facility featuring boat storage, maintenance shop, and office space.
Property Size22,200 SF
Lot Size4.92 Acres
Price / SF$540.54
Days on Market574
Property Features for 5350 30th Ave NW
General Information
Standard status
Active
Size
22,200 SF
Lot size
4.92 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Magnolia
Listing Agency:
Coldwell Banker Commercial Danforth
(253) 874-3200
Listed By:
Bob Fredrickson, CCIM · License #8077
(206) 595-7232
Source:
Moodyscre
Added: Apr 3, 2025
Changed: Oct 26
Last Checked: Oct 26 at 2:55PM
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 Coldwell Banker Commercial Danforth
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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 property presents an opportunity to acquire a marine facility that includes boat storage, a maintenance shop, and office space. The property offers potential for investors. The facility encompasses 22,200 square feet and is suitable for marine-related activities, boat storage, maintenance, and office administration.
Key Highlights
- Well‑positioned marine facility.
- Boat storage available.
- Includes maintenance shop.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$389,736
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,794,720
$7.8M
Cap Rate 7%
$5,567,657
$5.6M
Cap Rate 9%
$4,330,400
$4.3M
Market Conditions
NOI Build-Up for 22,200 SF
Gross rent
$674.0K $30.36/SF
− Vacancy
−$154.3K −$6.95/SF
EGI
$519.6K $23.41/SF
− OpEx
−$129.9K −$5.85/SF
NOI
$389.7K $17.56/SF
Area
Seattle, WA
Vacancy
22.90%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,794,720
Cap Rate 7%
$5,567,657
Cap Rate 9%
$4,330,400
Alternative Uses
Best Use
Office B
$5.57M
$4.87M – $6.50M
NOI $389,736 @ 7.0% cap · market cap 3.25%
Second Best
Warehouse
$3.49M
$3.05M – $4.07M
NOI $244,005 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$6.68M
$5.84M – $7.79M
NOI $467,526 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,628
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Marina - Marine facility featuring boat storage, maintenance shop, and office space.
Where is this marina located?
The property is located at 5350 30th Ave NW Seattle, WA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Well‑positioned marine facility.; Boat storage available.; Includes maintenance shop.
