You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Warehouses

5422 Shilshole Ave NW Seattle, WA 98107

63,240 SF 0.64 ac lot Built 1941
Entity Owned 4-yr Hold Free & Clear
Property ID
US90-1622029
Property summary
AI-generated overview

This exceptional commercial property presents a rare opportunity to acquire nearly an entire city block in the heart of Seattle's vibrant Ballard neighborhood. The main building, located at 5422 Shilshole Avenue NW, boasts over 65,000 square feet of space. Originally constructed in 1941 as a hardware store, it was later converted into a 600-unit mini-storage facility and is currently utilized for general warehousing. The property features a substantial 20-foot ceiling height on the first floor, providing ample vertical space for various uses. Convenient grade-level and dock-high loading doors ensure efficient loading and unloading operations. The building is equipped with a comprehensive sprinkler system for enhanced safety and features a newly installed 60-mil PVC roof (2023), ensuring long-term durability. Significant power capacity is available, supported by an on-site transformer vault. The property also includes a 4,650 square foot parking lot situated across the alley at 5415 Ballard Ave NW, zoned NC2P-65, adding further value and utility. With over 300 feet of frontage on Shilshole Avenue NW and over 50 feet of frontage on Ballard Avenue NW, this property offers unparalleled visibility and accessibility. The property is zoned MML U/65, providing flexibility for a wide range of commercial uses. This is an incredible opportunity for an owner-user or investor seeking a substantial presence in a high-demand area. Seller financing is available for qualified buyers. The 0.75-acre lot size provides ample space for expansion or future development.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1941
Construction WOOD
Total area 63,240 SF
Lot 0.64 ac (27,900 SF)
Zoning code IG2 U/65
APN 276770-2765
UPID US90-1622029
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
  • Ponsistic Towing´s CO Auto Parts Store
  • Magnum Self Storage Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.07M
CAP Approach CAP
$8.54M
Comparable Approach Comparable
$11.46M
Blend (final) Blend
$11.48M
Owner & transaction history
Shilshole Cfa LLC · 4 yrs held
Shilshole Cfa LLC
since 2021
Last sale
$11.5M
3 recorded transactions
2021
Price N/A
2019
$11.5M
1969
Price N/A
Zoning & alternative use
IG2 U/65 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message