Property profile

4600 37Th Ave SW Seattle, WA 98126

FOR LEASE
Warehouses
Property ID
US90-1636091
49,383 SF 0.53 ac lot Built 1981
Individually Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional King County property, the SK Center, offers 49,383 square feet of versatile industrial space, ideal for a variety of uses. Currently, 8,329 square feet is immediately available, with the potential to lease the entire building. Built in 1981 and extensively renovated in 2021, this single-building complex boasts a 24-foot ceiling height, three loading docks, and two dock-high doors, ensuring efficient operations. The property includes 55 parking spaces and features heavy power. Interior highlights include floor drains, a grease trap, USDA-compliant production space, and a climate-controlled chill space. The building also benefits from recently upgraded bathrooms and a parking garage. The property is zoned NC-75 and is situated in the vibrant West Seattle Junction, at the southeast corner of 37th Ave SE and SW Snoqualmie Street, across from the YMCA. This prime location offers excellent visibility and benefits from significant ongoing redevelopment in the area, including new residential units and retail establishments such as Trader Joe's and a forthcoming Whole Foods. The 23,000 square-foot lot provides extraordinary views of downtown Seattle. Minimum divisible space is 8,329 square feet, with a maximum contiguous space of 49,383 square feet. This is a rare opportunity to secure a well-maintained, strategically located industrial property in a rapidly growing area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1981
Construction WOOD
Total area 49,383 SF
Lot 0.53 ac (23,000 SF)
Zoning code NC3-75 (M)
APN 095200-7920
UPID US90-1636091

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
  • Grocery & Convenience Store Food Market
  • Corporate Office
  • Law Firm Insurance Agency

Location

4600 37Th Ave SW Seattle, WA 98126
Seattle metro Census 10501 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.88M

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2014
Price N/A
2011
Price N/A
2010
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

NC3-75 (M) · Seattle, WA
Zoning description

The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or r…

General category COMMERCIAL

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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