New Warehouse Construction
8323 Maltby Rd Woodinville, WA 98296
8323 Maltby Rd, Woodinville, WA, 98296
$22,522,070
For Sale
$22,522,070
New Class A warehouse space available for sale.
Property Size76,364 SF
Price / SF$294.93
Days on Market296
Property Features for 8323 Maltby Rd
General Information
- Standard status
- Active
- Size
- 76,364 SF
- Property subtype
- Commercial
Listing agency
KIDDER MATHEWS
(425) 450-1115
Listed by
ZACH VALL-SPINOSA · License #10712
Source
Corcoran
Added: Sep 30, 2025 Updated: Jul 10 at 12:54PM Checked: Jul 22 at 8:48AM
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 KIDDER MATHEWS
Investment Insights
Based on property information with market context.
This is a new construction Class A warehouse with shell delivery expected in December 2025. The property offers 76,364 square feet of space. It features both dock-high and grade-level loading capabilities. The electrical system provides heavy power, with 2000 amps at 480/277 volts. The warehouse can accommodate either one or two tenants, presenting an opportunity for users seeking new construction.
Key Highlights
- Rare new construction opportunity on the Eastside.
- Class A warehouse space totaling 76,364 SF.
- Shell delivery scheduled for December 2025.
Local Financial Insights For Warehouse
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 | $1.19M | $15.60 |
| − Vacancy | −$94.1k | −$1.23 |
| EGI | $1.10M | $14.37 |
| − OpEx | −$164.6k | −$2.16 |
| NOI | $932.6k | $12.21 |
76,364 SF · lease $15.60/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$13.32M
$11.66M – $15.54M
NOI $932,592 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$10.97M
$9.60M – $12.80M
NOI $768,017 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$30.59M
$26.76M – $35.68M
NOI $2,141,002 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Sherlock Self Storage — 21601 W Bostian Rd, Woodinville, WA 98072
FAQs
What type of property is this?
Warehouse - New Class A warehouse space available for sale.
Where is this warehouse located?
The property is located at 8323 Maltby Rd Woodinville, WA.
What is the asking price?
The asking price for this property is $22,522,070.
What are key features of this property?
This property features: Rare new construction opportunity on the Eastside.; Class A warehouse space totaling 76,364 SF.; Shell delivery scheduled for December 2025.
