Office/Warehouse with Oversized
938 127th St Seattle, WA 98133
938 127th St, Seattle, WA, 98133
$6,700,000
For Sale
$6,700,000
Flexible office/warehouse building with oversized grade-level loading and multiple suites available for owner-user.
Property Size28,837 SF
Price / SF$232.34
Days on Market48
Property Features for 938 127th St
General Information
- Standard status
- Active
- Size
- 28,837 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1982
Listing Agency
ROSEN-HARBOTTLE COMMERCIAL R.E
Listed by
BRIAN STEWART
Source
Corcoran
Added: Jun 4 Updated: Jul 10 at 1:48 pm Checked: Jul 19 at 4:35 am
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 ROSEN-HARBOTTLE COMMERCIAL R.E
Investment Insights
Based on property information with market context.
This office/warehouse property offers a practical combination of workspace and storage, with oversized grade-level loading designed for easy movement of goods. The total building size is 28,837 SF, with 7,883 SF to 15,909 SF available now, supporting a range of owner-user and operational needs. The asset is being offered for sale, with the option to lease as described in the offering remarks.
Located in North Seattle at 938 127th St, the property is positioned near retail and restaurant amenities along Aurora Ave. It also provides quick access to I-5, which can be helpful for teams, vendors, and distribution-related travel.
For tenants or buyers, this configuration can fit businesses that require both office space and warehouse operations in the same facility, rather than separating functions across different buildings. The availability of multiple suite sizes allows an operator to right-size for current needs, whether the goal is consolidating operations or establishing a single location for handling and workflow. Oversized grade-level loading adds operational flexibility for everyday receiving and logistics.
Located in North Seattle at 938 127th St, the property is positioned near retail and restaurant amenities along Aurora Ave. It also provides quick access to I-5, which can be helpful for teams, vendors, and distribution-related travel.
For tenants or buyers, this configuration can fit businesses that require both office space and warehouse operations in the same facility, rather than separating functions across different buildings. The availability of multiple suite sizes allows an operator to right-size for current needs, whether the goal is consolidating operations or establishing a single location for handling and workflow. Oversized grade-level loading adds operational flexibility for everyday receiving and logistics.
Key Highlights
- Flexible office/warehouse building built in 1982
- Total building size: 28,837 SF
- Multiple suites available now, ranging from 7,883 SF to 15,909 SF for owner/user
Local Financial Insights For Office B
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 | $785.5k | $27.24 |
| − Vacancy | −$223.9k | −$7.76 |
| EGI | $561.6k | $19.48 |
| − OpEx | −$140.4k | −$4.87 |
| NOI | $421.2k | $14.61 |
28,837 SF · lease $27.24/SF/yr · vacancy 28.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.02M
$5.27M – $7.02M
NOI $421,235 @ 7.0% cap · market cap 6.29%
Second Best
Warehouse
$5.81M
$5.08M – $6.77M
NOI $406,351 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$8.21M
$7.18M – $9.58M
NOI $574,721 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Jackiesue’s Catering & Event Planning Services — 14009 Greenwood Ave N, Seattle, WA 98133
- Kottu — 1310 N 131st St, Seattle, WA 98133
- Pacific Northwest Catering — 747 N 135th St, Seattle, WA 98133
FAQs
What type of property is this?
Flex space - Flexible office/warehouse building with oversized grade-level loading and multiple suites available for owner-user.
Where is this flex space located?
The property is located at 938 127th St Seattle, WA.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: Flexible office/warehouse building built in 1982; Total building size: 28,837 SF; Multiple suites available now, ranging from 7,883 SF to 15,909 SF for owner/user
