Building Details

Year Built 2026

Listing Agency: R.H. Cooke & Associates

Listed By: Bob Cooke · License #12404 Show Phone

Source: Rhcooke.idxbroker

Added: Jul 25 Changed: Nov 4 Last Checked: Nov 6 at 5:09AM

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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 R.H. Cooke & Associates

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Investment Insights

Based on property information with market context.

This Class A warehouse is newly constructed with shell work completed in December 2025. The building is designed for industrial use and includes dock-high and grade-level loading. Heavy electrical capacity is available, including 2,000 amps (480/277), and the layout can accommodate one or two tenants.

The property is listed for sale and is located at 8323 Maltby Rd in Woodinville, Washington.

Overall, it offers a modern industrial shell with substantial power and loading flexibility to support a range of warehousing and distribution operations within a newer construction framework.

Key Highlights

• 76,364 SF Class A warehouse with shell completed in December 2025
• Dock‑high and grade‑level loading
• Heavy electrical capacity: 2000 amps, 480/277V

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$965,509

Cap Rate

4.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$19,310,180 $19.3M

Cap Rate 7%

$13,792,986 $13.8M

Cap Rate 9%

$10,727,878 $10.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 76,364 SF

Gross rent

$1.22M $15.96/SF

− Vacancy

−$82.9K −$1.09/SF

EGI

$1.14M $14.87/SF

− OpEx

−$170.4K −$2.23/SF

NOI

$965.5K $12.64/SF

Area

Snohomish County, WA

Vacancy

6.80%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$19,310,180

Cap Rate 7%

$13,792,986

Cap Rate 9%

$10,727,878

Alternative Uses

Best Use

Warehouse

$13.79M

$12.07M – $16.09M (±1% cap)

NOI $965,509 @ 7.0% cap · market cap 4.29%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$21.30M

$18.63M – $24.85M (±1% cap)

NOI $1,490,762 @ 7.0% cap · market cap 6.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Nail Salon Storage Facility Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

208

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 98296, WA

27,713

Population

9,573

Households

2.9

Avg Household Size

41

Median Age

48%

College-Educated

97%

High-School Grad

34.5 sq mi

ZIP Area

803

Density / Sq Mi

$172,468

Median Household Income

$76,918

Median Earnings

$2,325

Median Rent

$867,700

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Snohomish County, WA

$290 Jul

$227 Aug

$329 Sep

$329 Oct

Properties on Market for Warehouses in Snohomish County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - New construction Class A warehouse with dock-high and grade-level loading, heavy electrical capacity, and flexible tenant configuration.

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: 76,364 SF Class A warehouse with shell completed in December 2025; Dock‑high and grade‑level loading; Heavy electrical capacity: 2000 amps, 480/277V