Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5422 Ballard Ave Seattle, WA 98107

    Sponsored
    For Sale
    $18,250,000

    Prime Seattle location, high-value potential.

    Property size:
    65,854 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional industrial property in Seattle's vibrant Ballard neighborhood presents a unique investment opportunity. The offering encompasses two adjacent parcels totaling 32,550 square feet of land, featuring a 65,854-square-foot, two-story building at 5422 Shilshole Ave NW (APN 276770-2765) and a 4,650-square-foot parking lot at 5415 Ballard Ave NW (APN 276770-2725). The main building, constructed in 1941 and extensively renovated in 2020, boasts 7 loading docks, including 2 dock-high doors, a freight elevator shaft, and a fully sprinklered system. It features 3-phase 1200-amp power and over 300 feet of street frontage on Shilshole Ave NW. The property is zoned IG2 U/65, offering flexibility for various uses. The adjacent parking lot, zoned NC2P-65, provides additional space and 50 feet of frontage on Ballard Ave NW. This prime location, within blocks of the Salmon Bay waterfront and major landmarks, offers significant value-add potential in a highly desirable, rapidly developing submarket. The combined 2022 property taxes for both parcels totaled $75,696.81. This property is vacant and ready for immediate occupancy. The versatile zoning and prime location make this an ideal investment for a wide range of uses, including office, retail, residential, storage, and industrial applications.

    Property Features for 5422 Ballard Ave

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    65,854 SF

    Building Details

    Year Built/Renovated
    1941/2020
    Stories
    2

    HighLights

    • 5422 Shilshole Avenue NW, Tax Parcel # 276770‑2765.
    • 2022 Property Taxes: $61,350.71.
    • 27,900 SF Lot.
    • 65,854 SF Building.
    • IG2 U/65 Zoning.
    • 1941 Construction, 2‑Story.
    Property Profile Location Intelligence

    Current Use by Public Records

    Refrigerated & Cold Storages

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3859616
    Latitude
    47.6676172

    Nearby Similar for Sale

    • $1,095,000
      2,630 SF

      Queen Anne Vacant Triplex

      Classic triplex in desirable Queen Anne neighborhood, delivered fully vacant.
      605 W Emerson St, Seattle, WA 98119
      View Details
    • $1,295,000
      4,150 SF

      Greenwood Multifamily Investment Opportunity

      Well-maintained six-unit apartment building in a desirable Seattle neighborhood.
      719 N 85Th St, Seattle, WA 98103
      View Details
    • $2,000,000
      6,534 SF

      Beacon Hill Apartment Community

      Nine-unit apartment community in Seattle's Beacon Hill neighborhood.
      1746 S Hanford St, Seattle, WA 98144
      View Details
    • $3,495,000
      15,117 SF

      Mixed-Use Building Near Light Rail

      Mixed-use building with value-add potential near Mt. Baker.
      3208 Rainier Ave S, Seattle, WA 98144
      View Details
    • $3,800,000

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with high-rise redevelopment potential.
      2200-2204 1St Ave, Seattle, WA 98109
      View Details
    • $3,800,000
      8,330 SF

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with redevelopment potential.
      2200 1St Ave, Seattle, WA 98121
      View Details
    • $1,700,000
      1,722 SF

      Prime Ballard Avenue Corner Restaurant

      Fully leased restaurant property in Seattle's Ballard neighborhood.
      5239 Ballard Ave NW, Seattle, WA 98107
      View Details
    • Contact for pricing
      9,630 SF

      Magnolia Village Retail & Office

      Retail and loft-style office spaces in desirable Magnolia Village.
      3410 West Mcgraw St, Seattle, WA 98199
      View Details
    • $2,799,000
      14,291 SF

      Mixed-Use Building in Broadview

      14,291 SF mixed-use building with rental upside.
      14401-14409 Greenwood Ave N, Seattle, WA 98103
      View Details
    • $685,000
      1,600 SF

      Leased Retail Building in Burien

      Fully leased 1,600 SF retail building with USPS anchor.
      2116 SW 152Nd St, Seattle, WA 98166
      View Details
    • Contact for pricing
      4,620 SF

      Seattle Retail Restaurant Building For Sale

      Fully equipped commercial property in Seattle's Rainier Valley.
      3427 Rainier Ave S, Seattle, WA 98057
      View Details
    • $1,150,000

      High-Visibility Seattle Office Property

      Adaptable office building with high traffic exposure and recent upgrades.
      13045 Lake City Way NE, Seattle, WA 98115
      View Details

    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Prime Seattle location, high-value potential.
    Where is this refrigerated / cold storage located?
    The property is located at 5422 Ballard Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $18,250,000.
    What are key features of this property?
    This property features: 5422 Shilshole Avenue NW, Tax Parcel # 276770-2765.; 2022 Property Taxes: $61,350.71.; 27,900 SF Lot.
    Request Owner's contact information
    5422 Ballard Ave Seattle, WA 98107
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5422 Ballard Ave
    Seattle, WA 98107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5422 Ballard Ave Seattle, WA 98107
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.