10818 Myers WaySeattle, WA 98168

Property Details for 10818 Myers Way

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

2,726 SF

Zone code

CBSO

Property type

Warehouses

APN

079500-0025

APU

795000025

Description

This exceptional Seattle industrial property, located at 10818 Myers Way S, offers a compelling investment opportunity. The property encompasses a substantial 10,833 square feet of warehouse and distribution space, spread across three single-story buildings situated on a 0.285-acre lot. Built in 1975, the property boasts a desirable location in King County, Washington, with the zip code 98168. The asking price is $4,000,000, translating to a price per square foot of $369.24. This represents a strong value proposition for investors seeking a well-located, established industrial asset in a thriving market. The property's size and configuration make it suitable for a variety of distribution and warehousing operations. Its strategic location within Seattle provides easy access to major transportation arteries, facilitating efficient logistics and distribution networks. The property's solid construction and established infrastructure offer immediate occupancy and operational readiness. Detailed property information and specifications are available upon request. This is an excellent opportunity to acquire a high-quality industrial property in a prime Seattle location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,592,870

  6.5%

  $1,470,340

  7%

  $1,365,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,169,620

  Geo Method

  $839,957

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $763,571

  Mixed-Use / Specialty

  $768,404

  Hospitality / Lodging

  $573,590

  Office

  $771,708

  Institutional / Educational

  $801,531

  Residential Income

  $937,791

  Multifamily

  $1,082,850

  Automotive / Energy

  $687,026

  Parking / Income-Based Land

  $229,620

  Restaurant / Food Service

  $415,777

  Healthcare / Senior Housing

  $780,236

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.506

Longitude

-122.332

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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