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 Market527
Property Features for 5350 30th Ave NW
General Information
Standard status
Active
Size
22,200 SF
Lot size
4.92 Acres
Property subtype
INDUSTRIAL
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: Sep 9
Last Checked: Sep 11 at 12:37PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$389,736
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
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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.
