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    550 NE Northgate Way Seattle, WA 98125

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    For Lease
    $35 SF/Yr

    Retail space with ample parking near Northgate Light Rail.

    Property size:
    7,200 SF
    Lot size:
    0.62 Acres

    Property Features for 550 NE Northgate Way

    General Information

    Size
    7,200 SF
    Lot size
    0.62 Acres

    Source: Colliers International WA, LLC Agent Ryan Olson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Light Rail

    Located at the corner of NE Northgate Way and 8th Ave NE, this retail space offers 7,200 square feet of area. The property features surface parking and is within walking distance of the Northgate Light Rail Station. Available around November 1st, this space is suitable for various retail purposes. Please note that the lease requires a termination clause after 3 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Facèré Jewelry Art ... Jewelry Store Green Lake Jewelry ... Jewelry Store Aaron Barr Fashion Accessories Store

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.321461
    Latitude
    47.708931

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    FAQs

    What type of property is this?
    Retail space - Retail space with ample parking near Northgate Light Rail.
    Where is this retail space located?
    The property is located at 550 NE Northgate Way Seattle, WA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility corner location at NE Northgate Way and 8th Ave NE.; - Walking distance to Northgate Light Rail Station.; - Abundant surface parking.
    (425) 586-5646
    Request Owner's contact information
    550 NE Northgate Way Seattle, WA 98125
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    Seattle, WA 98125
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    550 NE Northgate Way Seattle, WA 98125
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