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35 Hanford St Seattle, WA 98134-1807

OFF-MARKET Warehouses Google Maps
65,288 SF 1.69 ac lot Built 1917
Entity Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$6.29M
Range $5.66M – $6.91M (±10%)
Property ID US90-1387946

Property summary

AI-generated overview

This exceptional Seattle warehouse property, located at 35 S Hanford St, offers a significant opportunity for businesses seeking flexible industrial space. The building, situated in King County, WA, boasts a total of 17,578 square feet, currently entirely vacant and available for lease. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 2,261 square feet to a maximum contiguous space of 9,869 square feet. This allows for adaptability to various business needs and scales. The building's classification as an industrial warehouse ensures ample space for storage, manufacturing, or distribution operations. Its location in Seattle, zip code 98134, provides convenient access to major transportation routes and a thriving business community. The property is categorized as a multi-tenant building, offering the potential for shared amenities or independent operations depending on the tenant's requirements. With its substantial size and flexible layout, this warehouse presents a compelling opportunity for businesses seeking a strategic location in the heart of Seattle's industrial sector. The entire 17,578 square feet is currently available for lease. Interested parties are encouraged to inquire for further details and leasing options.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1917
Construction WOOD
Total area 65,288 SF
Lot 1.69 ac (73,470 SF)
Zoning code IG1 U/85
APN 766620-7611
UPID US90-1387946

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.29M

Owner & transaction history

since 2019
5 recorded transactions
2024
Price N/A
2019
$8.5M
2013
Price N/A
2012
Price N/A
1969
Price N/A

Zoning & alternative use

IG1 U/85 · Seattle, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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