5422 Shilshole Ave NW Seattle, WA 98107
Property profile & analytics
5422 Shilshole Ave NW Seattle, WA 98107
- Warehouses
- 63,240 SF
- 0.64 lot acres
Property ID
US90-1622029
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ponsistic Towing´s CO / Auto Parts Store
- Magnum Self Storage / Moving Company
Property Details for 5422 Shilshole Ave NW
- Year built
- 1941
- Construction
- WOOD
- Lot size
- 0.64 lot acres
- Property size
- 63,240 SF
- Zone code
- IG2 U/65
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 276770-2765
- APU
- 2767702765
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $11,455,000
- ML approach
- $9,065,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,250,000
- 6.5%
- $8,540,000
- 7%
- $7,930,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,456,000
Market price range: $11.5M - $28.8M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $18,680,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.386
- Latitude
- 47.6675
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$66,801
$4,324,500
$3,254,200
$7,578,700
-
$4,324,500
$3,254,200
$7,578,700
