Property profile

5422 Shilshole Ave NW Seattle, WA 98107

FOR LEASE
Mini-Warehouse, Storage
Property ID
US90-1622029
63,240 SF 0.64 ac lot Built 1941
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Property summary

AI-generated overview

A 65,854-square-foot commercial building constructed in 1941 and located in Ballard. The property was originally a hardware store and later converted to a 600-unit mini-storage facility and general warehousing space. It is zoned MML U/65 and includes an additional 4,650-square-foot parking lot across the alley at 5415 Ballard Ave NW, zoned NC2P-65. Building systems include full sprinkler coverage and a roof replacement featuring a 60-mil PVC roof installed in 2023. The first floor has 20-foot ceilings, and loading is provided via both grade-level and dock-high doors. Electrical infrastructure includes 2400+ AMPs of 3-phase power with an on-site transformer vault. The site provides about 300+ feet of frontage along Shilshole Avenue NW and about 50+ feet of frontage along Ballard Ave NW.

Property profile

Verified
Property type Mini-Warehouse, Storage
Year built 1941
Total area 63,240 SF
Lot 0.64 ac (27,900 SF)
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

Current use

Occupant on record · Public records
  • Auto Parts Store
  • Moving Company

Location

5422 Shilshole Ave NW Seattle, WA 98107
Seattle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
Last sale
$11.5M
2 recorded transactions
2021
Price N/A
2019
$11.5M
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