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Property profile & analytics
FOR SALE
Warehouses

10818 Myers Way S Seattle, WA 98168

2,726 SF 0.29 ac lot Built 1975
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US90-0591112
10818 Myers Way S, Seattle, WA 98168 For Sale
Contact for pricing 2,726 SF
10818 Myers Way S, Seattle, WA 98168
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Property summary
AI-generated overview

This exceptional Seattle industrial property, located at 10818 Myers Way S, offers a compelling investment opportunity. The property encompasses a substantial 10,833 square feet of warehouse and distribution space, spread across three single-story buildings situated on a 0.285-acre lot. Built in 1975, the property boasts a desirable location in King County, Washington, with the zip code 98168. The asking price is $4,000,000, translating to a price per square foot of $369.24. This represents a strong value proposition for investors seeking a well-located, established industrial asset in a thriving market. The property's size and configuration make it suitable for a variety of distribution and warehousing operations. Its strategic location within Seattle provides easy access to major transportation arteries, facilitating efficient logistics and distribution networks. The property's solid construction and established infrastructure offer immediate occupancy and operational readiness. Detailed property information and specifications are available upon request. This is an excellent opportunity to acquire a high-quality industrial property in a prime Seattle location. Serious inquiries are encouraged.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,726 SF
Lot 0.29 ac (12,437 SF)
Zoning code CBSO
APN 079500-0025
UPID US90-0591112
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Macadons (Headquarter) Bakery Production Facility
  • Vinason Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.04M
Owner & transaction history
Vinason Corp · 6 yrs held
Vinason Corp
since 2020
Last sale
$1.0M
3 recorded transactions
2020
$1.0M
2008
Price N/A
1999
Price N/A
Zoning & alternative use
CBSO · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Municipal Code
Top alternative use upside
Commercial (general) $1.4M +71.3%
Auto repair, garage $1.1M +39.3%
Retail stores $1.1M +35.7%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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