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    Functional Warehouse Flex Suite Title is generated by Realmo AI

    711 N 35th, Seattle, WA 98103

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    New
    For Lease
    $1,600/Mo $12 SF/Yr (calc)

    Flexible warehouse and workshop-ready space suited for storage, light production, and service-based businesses in Fremont.

    Type:Industrial
    Property size:
    1,500 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:05 am

    Property Features for 711 N 35th

    General Information

    Standard status
    Active
    Size
    1,500 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 711 N 35th Contact us

    We can help!

    Listing Contact
    Benjamin Widmyer

    Listing agent Benjamin Widmyer License #WA #124648

    Listing office Widmyer Corporation

    Listing date Jun 2, 2026

    Source Widmyercorp

    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 Widmyer Corporation

    HighLights

    • ~1,500 SF flexible warehouse/flex commercial suite at 711 N 35th St
    • Suitable for storage, workshop/creative workspace, inventory staging, and service‑based businesses
    • Configured for light production and potential small‑batch/production use
    • Located in the recently upgraded Equinox mixed‑use building
    • Fremont address with quick access to Ballard, South Lake Union, and Downtown Seattle
    • Access to major routes including SR‑99 and I‑5

    Overview

    A flexible warehouse/flex commercial suite is available in a recently renovated mixed-use building. The space is designed for practical daily operations, with flexibility to support storage, workshop use, creative work, and light production. It can also serve well for inventory staging or other small business needs where a combination of warehouse functionality and usable workspace matters.

    Located at 711 N 35th St in the Fremont district, the suite offers immediate access to nearby Seattle job centers, including South Lake Union and Downtown, along with quick routes to Ballard. The property is positioned for connectivity to major corridors including I-5 and SR-99, supporting easy commute and logistics. The surrounding area is characterized by strong foot traffic and neighborhood amenities, and the building is described as having been upgraded as part of a mixed-use setting.

    This suite is a strong fit for tenants seeking a central Seattle location with room to run day-to-day operations, rather than a conventional office-only layout. It works particularly well for teams that need both storage and flexible workspace for creative, service-oriented, or light production activities.
    Location Intelligence

    Current Use by Public Records

    DANIELLE FREDRICKS Physician Yippie-Pie-Yay Bakery Seattle Reiki Initiative Alternative Medicine Practice NORTHWEST HEALING STUDIO Crisis Center Salon Ritual Hair Salon

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Similar Places Nearby

    • Ripe Catering — 3518 Fremont Pl N, Seattle, WA 98103
    • Kaizen Kitchen LLC — 617 N 40th St Apt 3, Seattle, WA 98103
    • Cameron Catering — 4216 6th Ave NW, Seattle, WA 98107
    • Cameron Catering — 4180-4198 Leary Wy NW, Seattle, WA 98107
    • Lunar Foods LLC — 3804 evanston ave n, seattle, wa 98203

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3493459
    Latitude
    47.6502377

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    FAQs

    What type of property is this?
    Flex space - Flexible warehouse and workshop-ready space suited for storage, light production, and service-based businesses in Fremont.
    Where is this flex space located?
    The property is located at 711 N 35th Seattle, WA.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: ~1,500 SF flexible warehouse/flex commercial suite at 711 N 35th St; Suitable for storage, workshop/creative workspace, inventory staging, and service‑based businesses; Configured for light production and potential small‑batch/production use
    (208) 661-6808
    We can help!
    Listing Contact
    Benjamin Widmyer
    Real Estate License ID: WA #124648
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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