923 Bayview StSeattle, WA 98134

Property Details for 923 Bayview St

Year built

1936

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.59 AC

Property size (Sq ft)

38,630 SF

Zone code

IG2 U/85

Property type

Distribution centers

APN

766620-2991

APU

7666202991

Description

This exceptional industrial warehouse property, located at 923 S Bayview St in King County's desirable SODO district, offers a total of 7,535 square feet of leasable space. Currently, the entire building is vacant and available for lease, providing a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to occupy individual suites. The property features two suites in total, with a minimum divisible space of 735 square feet and a maximum contiguous space of 6,800 square feet. Ceiling heights range from 12 to 16 feet, providing ample vertical space for storage or operations. The property boasts convenient access to major freeways, ensuring efficient transportation of goods and materials. Furthermore, its strategic location offers proximity to a variety of retail amenities and employee-friendly services, enhancing the overall appeal and functionality of the space. Loading and unloading is facilitated by one dock-high door and one drive-in door. This property is ideally suited for businesses seeking a well-located, versatile, and readily available warehouse space in the heart of SODO. The property's size and configuration offer flexibility for a range of industrial uses. Inquire today to learn more about leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $22,572,500

  6.5%

  $20,836,100

  7%

  $19,347,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,574,700

  Geo Method

  $11,903,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $10,820,500

  Mixed-Use / Specialty

  $10,889,000

  Hospitality / Lodging

  $8,128,310

  Office

  $10,935,800

  Institutional / Educational

  $11,358,400

  Residential Income

  $13,289,400

  Multifamily

  $15,345,000

  Automotive / Energy

  $9,735,810

  Parking / Income-Based Land

  $3,253,930

  Restaurant / Food Service

  $5,891,960

  Healthcare / Senior Housing

  $11,056,700

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.5808

Longitude

-122.32

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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