Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    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
    2019
    $11.5M
    1969
    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