Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5510 Marginal S Way Seattle, WA 98134-2412

    • Warehouses
    • 30,545 SF
    • 1.62 lot acres
    OFF-MARKET
    Last Sale
    May 21, 2024
    $5,725,000
    Value Estimations
    $5,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1255951
    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.

    Current Use by Public Records

    • Mallory Industrial / Industrial Manufacturer / Production Facility
    • Mallory Safety and Supply LLC / Building Supply / General Contractor

    Property Details for 5510 Marginal S Way

    Year built
    1938
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.62 lot acres
    Property size
    30,545 SF
    Zone code
    IG2 U/85
    Property type
    Warehouses
    APN
    172280-2630
    APU
    1722802630

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,595,000
      6.5%
      $5,165,000
      7%
      $4,795,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,914,000
      Market price range: $4.24M - $12.7M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $8,910,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.336
    Latitude
    47.553
    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
    $53,024
    $3,518,100
    $1,379,100
    $4,897,200
    -
    $3,518,100
    $1,379,100
    $4,897,200

    Comparable in this City

    • Value Estimation
      $3,495,000
      31,365 SF

      717 Lander St

      WAREHOUSE, STORAGE • 31,365 SF
      717 Lander St, Seattle, WA 98134-2008
      View Details
    • Value Estimation
      $1,610,000
      15,600 SF

      440 Holgate St

      WAREHOUSE, STORAGE • 15,600 SF
      440 Holgate St, Seattle, WA 98134-1505
      View Details
    • Value Estimation
      $1,875,000
      15,000 SF

      16 Idaho St

      WAREHOUSE, STORAGE • 15,000 SF
      16 Idaho St, Seattle, WA 98134-1119
      View Details
    • Value Estimation by Request
      1,550 SF

      2541 11th SW Ave

      WAREHOUSE, STORAGE • 1,550 SF
      2541 11th SW Ave, Seattle, WA 98134
      View Details
    • Value Estimation
      $1,915,000
      12,160 SF

      409 Walker St

      WAREHOUSE, STORAGE • 12,160 SF
      409 Walker St, Seattle, WA 98134
      View Details
    • Value Estimation
      $5,170,000
      37,212 SF

      3601 6th S Ave

      WAREHOUSE, STORAGE • 37,212 SF
      3601 6th S Ave, Seattle, WA 98134-2212
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      83,346 SF

      Seattle SODO Business Park Investment

      Prime commercial hub with income and long-term growth potential.
      241 S Lander St, Seattle, WA 98134
      View Details
    • Contact for pricing
      4,500 SF

      Seattle Flex Space For Sale

      Flex space with easy access to SR-99 and Port.
      4745 West Marginal Way SW, Seattle, WA 98134
      View Details
    • $5,449,950

      SODO Mixed-Use Opportunity

      Versatile property in Seattle's SODO district with income potential.
      3228 1St Ave S, Seattle, WA 98134
      View Details
    • Contact for pricing

      Seattle Industrial Building with Yard

      24,000 SF industrial building with secured storage and parking.
      3663 1St Ave South, Seattle, WA 98134
      View Details
    • Contact for pricing

      Seattle Industrial Building with Yard

      24,000 SF industrial building with freeway access and parking.
      3663 1St Ave South, Seattle, WA 98134
      View Details
    • Contact for pricing

      Industrial Property in Seattle

      Industrial property available for sale in Seattle, Washington.
      3512 Airport Way S, Seattle, WA 98134
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building with Office Space

      Industrial building featuring office and warehouse space for lease.
      420 S Hinds St, Seattle, WA 98134
      View Details
    • $5,700 /Mo
      3,800 SF

      Sodo Industrial/Office Flex Space

      Flexible industrial/office space in Seattle's historic Sodo neighborhood.
      423 Horton St, Seattle, WA 98134
      View Details
    • $210,000
      15,000 SF

      Warehouse Near I-5 Access

      Warehouse space with high visibility and easy I-5 access.
      3814 4Th Ave S, Seattle, WA 98134
      View Details
    • $3,514 /Mo
      3,056 SF

      Industrial Warehouse Space Available

      Industrial warehouse space available now near SODO light rail.
      624 Lander St, Seattle, WA 98134
      View Details
    • $0.80 SF/Yr

      SODO Industrial Warehouse for Lease

      Industrial warehouse space in Seattle's SODO district, divisible.
      1701 1St Ave S, Seattle, WA 98134
      View Details
    • $0.85 SF/Yr

      Industrial Space in Opportunity Zone

      Industrial space for lease near downtown Seattle with freeway access.
      923 S Bayview St, Seattle, WA 98134
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5510 Marginal S Way
    Seattle, WA 98134-2412
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!