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4910 15th Ave NW
Seattle, WA 98107
Stoneway Hardware · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- The property is minutes from the South Lake Union neighborhood—the heart of Seattle’s tech scene.
- Sound Transit to implement light rail extensions with service from Ballard to West Seattle through a multiphased approach.
- Stoneway Hardware is 100% leased through August 2025, with the improvements no longer contributing value above the underlying land.
EXECUTIVE SUMMARY
The property is ideally located close to the Seattle CBD, in the southerly part of the vibrant Ballard neighborhood, near Salmon Bay. The site is comprised of three contiguous tax parcels with a gross and usable site area of 29,446 SF, or 0.68 acres and is on the southeast corner of 15th Ave NW and NW 50th St. It has additional frontage on the south side of NW 49th St. The site is improved with a hardware store with an office component totaling 12,420 SF and supportive parking at a ratio of 3.1 stalls per 1,000 SF. The property is 100% leased to Stoneway Hardware through August 2025.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 12,420 SF |
| Cap Rate | 6.77% | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1971 |
| Property Subtype | Warehouse | Parking Ratio | 3.06/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 0.68 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | IG2 U/65 | ||
| Sale Type | Investment |
| Cap Rate | 6.77% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.68 AC |
| Rentable Building Area | 12,420 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 3.06/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | IG2 U/65 |
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 276830-1870 | Improvements Assessment | $1,396 CAD |
| Land Assessment | $4,424,787 CAD | Total Assessment | $4,426,183 CAD |
PROPERTY TAXES
Parcel Number
276830-1870
Land Assessment
$4,424,787 CAD
Improvements Assessment
$1,396 CAD
Total Assessment
$4,426,183 CAD
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