Edmonds Office Building For
For Sale
$1,650,000
109 Main Street, Edmonds, WA 98020
Office building with 3576 square feet of space.
Property Size3,576 SF
Price / SF$461.41
Days on Market195
Property Features for 109 Main Street
General Information
Standard status
Active
Size
3,576 SF
Property subtype
Office
Listing Agency:
CBRE
Listed By:
Ric Brandt
(425) 462-6901
Source:
Cbre
Added: Mar 25
Changed: Sep 21
Last Checked: Oct 5 at 4:53PM
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 CBRE
Investment Insights
Based on property information with market context.
This commercial real estate property is an office building located in Edmonds, Washington. The building offers 3576 square feet of office space and is available for sale.
Key Highlights
- Office building
- 3576 square feet of space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,693
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,860
$1.3M
Cap Rate 7%
$909,900
$909.9K
Cap Rate 9%
$707,700
$707.7K
Market Conditions
NOI Build-Up for 3,576 SF
Gross rent
$97.8K $27.36/SF
− Vacancy
−$12.9K −$3.61/SF
EGI
$84.9K $23.75/SF
− OpEx
−$21.2K −$5.94/SF
NOI
$63.7K $17.81/SF
Area
Snohomish County, WA
Vacancy
13.20%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,860
Cap Rate 7%
$909,900
Cap Rate 9%
$707,700
Alternative Uses
Best Use
Office B
$909.9K
$796.2K – $1.06M
NOI $63,693 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.3K
$872.6K – $1.16M
NOI $69,810 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 98020, WA
20,236
Population
9,379
Households
2.2
Avg Household Size
52
Median Age
60%
College-Educated
98%
High-School Grad
5.2 sq mi
ZIP Area
3,892
Density / Sq Mi
$122,243
Median Household Income
$73,725
Median Earnings
$1,894
Median Rent
$959,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Office building with 3576 square feet of space.
Where is this office building located?
The property is located at 109 Main Street Edmonds, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Office building; 3576 square feet of space
