423 Horton StSeattle, WA 98134

Property Details for 423 Horton St

Year built

1919

Construction

WOOD

Lot size

0.32 AC

Property size (Sq ft)

10,000 SF

Zone code

IG1 U/85

Property type

Warehouses

APN

132730-0006

APU

1327300006

Description

This exceptional flex space, Unit B, offers 3,800 square feet of versatile industrial and office area in Seattle's vibrant Sodo district. Located at 423 S Horton St, 98134, this King County property is part of a larger 11,560 square foot building and is currently available for lease. The space features a thoughtfully designed layout, including approximately 3,000 square feet of industrial space and a newly renovated 800 square foot mezzanine, providing ample room for various business needs. Four generously sized garage-style loading docks are strategically positioned for efficient loading and unloading, making it ideal for businesses involved in distribution, logistics, or manufacturing. A substantial private parking lot adds to the convenience and functionality of this property. The previous tenant was a masonry business, suggesting the space is well-suited for businesses in production, construction, distribution, storage, import, or export. This is a rare opportunity to secure a well-appointed industrial space in a highly sought-after Seattle location. The property's flexible design and prime location make it an excellent choice for a variety of businesses seeking a functional and accessible workspace. Don't miss this chance to establish your business in the heart of Seattle's dynamic Sodo neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $5,843,250

  6.5%

  $5,393,770

  7%

  $5,008,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,290,620

  Geo Method

  $3,081,280

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,801,070

  Mixed-Use / Specialty

  $2,818,800

  Hospitality / Lodging

  $2,104,150

  Office

  $2,830,920

  Institutional / Educational

  $2,940,320

  Residential Income

  $3,440,170

  Multifamily

  $3,972,310

  Automotive / Energy

  $2,520,270

  Parking / Income-Based Land

  $842,333

  Restaurant / Food Service

  $1,525,230

  Healthcare / Senior Housing

  $2,862,200

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.5742

Longitude

-122.328

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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