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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

24015 Van Ry Blvd Mountlake Terrace, WA 98043

Property ID
Property summary
AI-generated overview

Terrace Station in Mountlake Terrace, WA (zip code 98043, located at 24015 Van Ry Blvd), offers exceptional retail opportunities within a thriving mixed-use development. Three spaces are currently available, ranging from 1,271 to 6,173 square feet, perfect for a variety of retail concepts. This transit-oriented development (TOD) benefits from the recently opened Terrace Station Light Rail Station, ensuring high visibility and accessibility. The development boasts over 90,000 square feet of retail space, anchored by established businesses including Zeeks Pizza, IRG Physical Therapy, Hopua Bottle Shop, and Sky Zone, alongside the successful Evergreen Academy. The property features ample parking with 412 spaces. One restaurant space, totaling 3,540 square feet, includes a significant 1,600-square-foot outdoor patio with south and west-facing garage roll-up doors overlooking a greenbelt. The building offers first-generation warm shell spaces with cash allowances available. The surrounding area shows strong growth, with the residential components of the development fully leased within four months. This prime location presents a unique chance to establish a business in a vibrant and rapidly growing community. The high foot traffic generated by existing tenants and the light rail station makes this an ideal location for businesses seeking high visibility and a strong customer base. Contact us today to learn more about these exceptional retail spaces.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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