Fitness Center on Meridian
4191 Meridian Street, Bellingham, WA 98226
For Sale
New
Contact for pricing
Customer parking and pylon-signage opportunities support the facility’s existing athletic club use.
Property Size27,784 SF
Price / SF$142.17
Days on Market7
Property Features for 4191 Meridian Street
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Public Transit
Additional Details
Business Included
Property Use
Amenities
ample customer/client parking
Listing Agency:
Coldwell Banker Bain
(360) 734-3420
Listed By:
Mike Stawicki
(360) 961-7009
Source:
Moodyscre
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 8 at 8:11AM
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 Coldwell Banker Bain
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 27,784-square-foot property houses an athletic club business offered for sale. Customer parking and opportunities for pylon signage are among the site’s physical features.
Located at 4191 Meridian Street in Bellingham, the property has street frontage and access to transit routes and I-5. The surrounding commercial area includes national retailers, restaurants, and established local businesses. The reported traffic volume is approximately 38,000+ vehicles per day.
Located at 4191 Meridian Street in Bellingham, the property has street frontage and access to transit routes and I-5. The surrounding commercial area includes national retailers, restaurants, and established local businesses. The reported traffic volume is approximately 38,000+ vehicles per day.
Key Highlights
- 27,784‑square‑foot fitness property with an athletic club business available for sale
- Meridian Street frontage in Bellingham
- Reported daily traffic of approximately 38,000+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$331,524
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,630,480
$6.6M
Cap Rate 7%
$4,736,057
$4.7M
Cap Rate 9%
$3,683,600
$3.7M
Market Conditions
NOI Build-Up for 27,784 SF
Gross rent
$500.1K $18.00/SF
− Vacancy
−$26.5K −$0.95/SF
EGI
$473.6K $17.05/SF
− OpEx
−$142.1K −$5.11/SF
NOI
$331.5K $11.93/SF
Area
Whatcom County, WA
Vacancy
5.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,630,480
Cap Rate 7%
$4,736,057
Cap Rate 9%
$3,683,600
Alternative Uses
Best Use
Retail
$4.74M
$4.14M – $5.53M
NOI $331,524 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.55M
$5.74M – $7.65M
NOI $458,812 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
38,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
604k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 26%
Shops & Services 23%
Superstores 20%
Dining 19%
Target
Superstores
120,635 visits/mo
0.4 miles
Texas Roadhouse
Dining
38,174 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
37,892 visits/mo
0.4 miles
T.J. Maxx
Apparel
36,818 visits/mo
0.3 miles
Kohl's
Apparel
31,905 visits/mo
0.4 miles
Demographics for 98226, WA
47,011
Population
20,609
Households
2.3
Avg Household Size
40
Median Age
40%
College-Educated
95%
High-School Grad
105.8 sq mi
ZIP Area
444
Density / Sq Mi
$79,684
Median Household Income
$45,337
Median Earnings
$1,557
Median Rent
$568,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Western Judo Club — 1 Bellis Fair Pkwy Suite #209, Bellingham, WA 98226
- Jaime Hernandez — 414 W Bakerview Rd, Bellingham, WA 98226
- Morgan H Fitness — 410 W Bakerview Rd suite 106, Bellingham, WA 98226
- Brent — 4120 Meridian St Ste 290, Bellingham, WA 98226
- Substance Re Bellingham — 4120 Meridian St, Bellingham, WA 98226
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Customer parking and pylon-signage opportunities support the facility’s existing athletic club use.
Where is this fitness center & gym located?
The property is located at 4191 Meridian Street Bellingham, WA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 27,784‑square‑foot fitness property with an athletic club business available for sale; Meridian Street frontage in Bellingham; Reported daily traffic of approximately 38,000+ vehicles
