Property profile

7266 8th S Ave Seattle, WA 98108

OFF-MARKET
Manufacturing properties
Property ID
US90-1367794
12,000 SF 1.31 ac lot Built 1941
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a stabilized, single-tenant industrial flex property located at 7266 8th Ave S, Seattle, WA 98108, within the desirable Georgetown submarket. The property, built in 1941 and extensively renovated in 2010, boasts 33,365 square feet on a 1.31-acre lot. Currently 100% occupied by Markey Machinery under a 10-year lease commencing November 1, 2024, and expiring October 31, 2034, this asset offers significant long-term stability. The property features two loading docks, making it highly functional for industrial operations. With an asking price of $8,650,000 and a compelling 6.69% cap rate, this represents a strong return on investment. The property's location in the thriving Georgetown area provides excellent access to major transportation routes and a skilled workforce. This is a rare opportunity to acquire a high-performing, single-tenant industrial property with a substantial remaining lease term, offering both immediate income and long-term growth potential. The property's strong tenant and favorable lease terms make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1941
Construction WOOD
Total area 12,000 SF
Lot 1.31 ac (57,200 SF)
Zoning code IG1 U/85
APN 213620-0210
UPID US90-1367794

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
  • Marine Surveyor
  • Factory Industrial Manufacturer

Location

7266 8th S Ave Seattle, WA 98108-3403
Seattle metro Census 10900 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
Last sale
$8.5M
7 recorded transactions
2025
$8.5M
2024
Price N/A
2021
Price N/A
2017
Price N/A
2008
Price N/A
2003
Price N/A
1969
Price N/A

Zoning & alternative use

IG1 U/85 · Seattle, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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