Other

Northgate Meridian

northgate meridian, seattle, WA 98133

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence

Low

$47.22/SF

Mid

$59.02/SF

High

$70.82/SF

Tier Used

tax_cap_reverse

Estimated from market cap rate (7.5%), property tax rate (0.01%), and wage-adjusted baseline.

Tier Resolution Trace

Tier 1insufficient_data

Tier 2successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$59.02/SF	—	tax_cap_reverse
Utilities	—	6.9¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$2728/wk	BLS QCEW

Source Provenance (3)

Source	Type	Count	Year	Freshness	Peer
Market Reports	cap_rate	—	—	quarterly	—
API Ninjas	property_tax	—	—	annual	—
BLS QCEW	wage_index	—	—	quarterly	—

Data sources used

market_reportsproperty_taxwage_index

Description

Medical Office & Office Space for Lease | Northgate Meridian Premier location in North Seattle at N. Northgate Way and Meridian Avenue North Brand new Class A common areas Free parking for tenants and visitors Visibility to over 250,000 cars per day from Interstate 5

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

northgate meridian, seattle, WA 98133

Leaflet © OpenStreetMap contributors

Market Context

As of Q2 2025, the Seattle / Bellevue other market showed average asking rents near $51.97/SF/yr, and cap rates around 7.5%. Source: curated:CBRE U S Cap Rate Sur Q2 2025 market report.

Compare it against other other listings for sale in Seattle, WA to benchmark pricing and space — view the full market.

Other market FAQ

What is the typical cap rate for other in Seattle / Bellevue?: About 7.5% as of Q2 2025, per curated:CBRE U S Cap Rate Sur.

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.