600 40Th StSeattle, WA 98107

Property Details for 600 40Th St

Year built

1987

Construction

STEEL FRAME

Lot size

0.83 AC

Property size (Sq ft)

16,000 SF

Zone code

IG2 U/65

Property type

Manufacturing properties

APN

744200-0222

APU

7442000222

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $9,349,190

  6.5%

  $8,630,020

  7%

  $8,013,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,865,000

  Geo Method

  $4,930,050

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,481,710

  Mixed-Use / Specialty

  $4,510,070

  Hospitality / Lodging

  $3,366,630

  Office

  $4,529,470

  Institutional / Educational

  $4,704,510

  Residential Income

  $5,504,280

  Multifamily

  $6,355,690

  Automotive / Energy

  $4,032,440

  Parking / Income-Based Land

  $1,347,730

  Restaurant / Food Service

  $2,440,360

  Healthcare / Senior Housing

  $4,579,520

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6565

Longitude

-122.364

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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