Flex Space With Oversized Grade-Level
938 N 127th St Seattle, WA 98133
For Sale
Contact for pricing
Flex office/warehouse building offers oversized grade-level loading with multiple suites available for owner-user use.
Property Size28,837 SF
Price / SF$232.34
Days on Market58
Property Features for 938 N 127th St
General Information
Standard status
Active
Size
28,837 SF
Property subtype
INDUSTRIAL
Listing Agency:
Rosen-Harbottle Commercial R.E
(425) 289-2222
Listed By:
Brian Stewart
(425) 289-2222
Source:
Moodyscre
Added: Jun 3
Changed: Jul 29
Last Checked: Jul 29 at 5:58PM
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.
Flex office/warehouse building totaling 28,837 SF with oversized grade-level loading. Suites totaling 7,883 SF to 15,909 SF are available now for an owner/user.
Located in North Seattle at 938 N 127th St, with nearby retail and restaurant amenities on Aurora Ave. The property also offers quick access to I-5.
The flexible layout supports both office and warehouse functions, making it well-suited for businesses that need storage or light distribution alongside workplace space.
Located in North Seattle at 938 N 127th St, with nearby retail and restaurant amenities on Aurora Ave. The property also offers quick access to I-5.
The flexible layout supports both office and warehouse functions, making it well-suited for businesses that need storage or light distribution alongside workplace space.
Key Highlights
- Total building size: 28,837 SF
- 7,883 SF to 15,909 SF available now for owner/user
- Oversized grade‑level loading
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 authorities.
Property Analytics
Location Intelligence
Current Use
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
Frequently Asked Questions
What type of property is this?
Flex space - Flex office/warehouse building offers oversized grade-level loading with multiple suites available for owner-user use.
Where is this flex space located?
The property is located at 938 N 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: Total building size: 28,837 SF; 7,883 SF to 15,909 SF available now for owner/user; Oversized grade‑level loading
