Technical
Financial
Distress signals
Property profile

508 Pine St Seattle, WA 98122

OFF-MARKET
Specialty properties
Saved · see the list in your Dashboard

Property summary

AI-generated overview

A rare opportunity awaits to lease a fully built-out, 5,721 square-foot fitness facility ideally situated at the base of Terravita Luxury Residences, a vibrant mixed-use building featuring 108 modern apartments. This highly visible corner space in Seattle's Pike/Pine Corridor boasts an exceptional industrial design, including soaring ceilings (18'4" in the lower area and 13'4" in the upper area), expansive windows that flood the space with natural light, polished concrete floors, and sophisticated acoustical flooring. The facility includes three well-appointed studios, multiple showers, and a high-end finish throughout. The space is equipped with a state-of-the-art HVAC system and a large, energy-efficient Big Ass Fan® ceiling fan. Four secure, covered parking stalls are included in the lease, providing convenient parking for employees. This exceptional location is surrounded by a thriving mix of businesses, including Tamari Bar, Fogon Cocina Mexicana, MEET Korean BBQ, Rudy's Barbershop, Blu Dot, Aesop, Rapha, and Marine Layer, ensuring high foot traffic and visibility. One space is currently available for lease. This is a truly exceptional opportunity for a fitness-focused business seeking a move-in ready space in a highly desirable location.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

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

Location

508 Pine St Seattle, WA 98122
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 508 Pine St?
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