Property profile

507 Northgate Way Seattle, WA 98125

OFF-MARKET
Retail properties & Spaces
2,713 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,713 square foot retail space is located within an established 24 Hour Fitness gym in Seattle's Northgate neighborhood at 507 NE Northgate Way. The space is currently vacant and available for lease to a single tenant. Ideal for a variety of fitness-related businesses, including but not limited to martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense instruction, physical therapy, sports rehabilitation, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services and related programs, health diagnostic screening and testing, or businesses selling sport, health, and wellness products and accessories, including workout apparel. Prospective tenants should note that uses involving on-site food and beverage preparation, pole dancing classes, or those requiring significant construction or utility upgrades are not permitted. The lease includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). This presents a unique opportunity to establish a thriving business within a high-traffic, health-conscious environment. The space is ready for immediate occupancy. Inquire today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,713 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Take-out & Catering
  • Swimming School Baby Swimming School
  • Insurance Agency
  • Restaurant

Location

507 Northgate Way Seattle, WA 98125
Seattle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 507 Northgate Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message