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    Property profile & analytics
    OFF-MARKET Estimated value $7,115,000
    Manufacturing properties

    600 40th St, Seattle, WA 98107-5027

    16,000 SF 0.83 ac lot Built 1987
    Entity Owned ~ Est. High Equity
    Property ID
    US90-0177988
    Property summary
    AI-generated overview

    This exceptional Seattle industrial property, known as Emerald Yard, offers 16,129 square feet of versatile flex and warehouse space in a single building. Located at 600 NW 40th Street, just one block from Leary Way, in the vibrant area between Fremont and Ballard, this property boasts a prime location with easy access to major transportation routes. The building features a 16'-24' ceiling height, providing ample vertical space for various uses. Loading and unloading are facilitated by two loading docks and one dock-high door. The property also includes 17 free on-site parking stalls for employees and visitors. The interior offers a blend of open warehouse space and private offices, ideal for a variety of businesses. The electrical service is robust, with 400-amp, 120/208 volt, 3-phase power. The entire 16,129 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building. The property sits on a sizable 36,200 square foot lot, zoned MML/U65 in King County, Washington (APN: 744200-0222). This is a rare opportunity to secure a substantial, well-equipped industrial space in a highly desirable Seattle neighborhood. The property's size, features, and location make it an ideal choice for businesses seeking a functional and strategically located space to expand or establish their operations. The ample parking and convenient access further enhance its appeal.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1987
    Construction STEEL FRAME
    Total area 16,000 SF
    Lot 0.83 ac (36,200 SF)
    Zoning code IG2 U/65
    APN 744200-0222
    UPID US90-0177988
    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
    • Glass Eye Studio Factory Production Facility
    • Seattle Creative Brands Big Box & Wholesale Store
    • Celebration Ashes Factory Industrial Manufacturer
    • Iyarin Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store
    • Renzo Gracie Jiu-Jitsu Seattle Training Center Sports School
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $6.58M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.54M
    Blend (final) Blend
    $7.12M
    Owner & transaction history
    Little Long Cut LLC
    Little Long Cut LLC
    since 2025
    Last sale
    $8.5M
    4 recorded transactions
    2025
    $8.5M
    2021
    $6.5M
    2021
    1999
    $1.5M
    Zoning & alternative use
    IG2 U/65 · Seattle, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $8.4M +85.8%
    Commercial (general) $8.1M +79.1%
    Auto repair, garage $6.6M +45.6%
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