23607 54th Ave W, Mountlake Terrace, WA 98043
Fitness center with gym, weight room, offices, and classrooms.
- Added:
- May 27, 2024
- Days on Market:
- 748
- Last Refresh:
- Apr 5 at 8:20 pm
Property Features for 23607 54th Ave W
General Information
- Standard status
- Active
- Size
- 16,124 SF
- Lot size
- 2.21 Acres
- Property subtype
- SPECIALTY
Listing agent Steve Pelluer (425) 450-1180
Listing office Kidder Mathews (425) 450-1180
Listing date May 27, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
HighLights
- Full Size Gym: Perfect for recreation and training.
- Weight Room: Fully equipped for strength and conditioning.
- Clubhouse: Ideal for gatherings and events.
- Offices: Providing administrative space.
- Classrooms: Suitable for educational programs.
- Right of First Refusal exists
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $441.2k | $27.36 |
| − Vacancy | −$58.2k | −$3.61 |
| EGI | $382.9k | $23.75 |
| − OpEx | −$95.7k | −$5.94 |
| NOI | $287.2k | $17.81 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Juicy Power Yoga — 6007 244th St SW STE B, Mountlake Terrace, WA 98043
- Pilates Northwest — 20030 Ballinger Way NE, Shoreline, WA 98155
- Forest Crest Tennis Club — 4901 238th St SW, Mountlake Terrace, WA 98043
- Sky Zone Trampoline Park — 24000 Van Ry Blvd, Mountlake Terrace, WA 98043
- Emerald City Athletics - Ballinger Village — 20202 Ballinger Way NE, Shoreline, WA 98155
Location Insight
- Map
- Local Demand
- City
- Mountlake Terrace
- County
- Snohomish
- State
- Washington
- Longitude
- -122.305
- Latitude
- 47.7844
