Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Bend Retail Investment Opportunity Title is generated by Realmo AI

    111 North Bend Way, North Bend, WA 98045

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Retail center in North Bend, WA, with high visibility.

    Type:Commercial
    Added:
    May 29, 2025
    Days on Market:
    359
    Last Refresh:
    Apr 5 at 8:59 pm

    Property Features for 111 North Bend Way

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1929

    We can help!

    Listing Contact
    CLAYTON BROWN

    Listing agent CLAYTON BROWN

    Listing office MARCUS & MILLICHAP, INC.

    Listing date May 29, 2025

    Source Corcoran

    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 MARCUS & MILLICHAP, INC.

    HighLights

    • Fully leased 4,574 SF retail center in North Bend, WA.
    • Excellent visibility and easy access on E North Bend Way.
    • Strategically positioned near premier Washington tourist destinations.
    • Benefits from consistent foot traffic driven by year‑round tourism.
    • Leased to three tenants under NNN lease structures.
    • Short‑term leases offer flexibility for repositioning or owner occupancy.

    Overview

    Located in North Bend, Washington, the North Bend Retail Center presents an investment opportunity. The property, situated along E North Bend Way, benefits from visibility and accessibility. The 4,574 square foot property is fully leased to three tenants under NNN lease structures. The leases are short-term, providing flexibility for future repositioning, leasing at market rents, or potential owner-user occupancy. The asset is located near tourist destinations and benefits from foot traffic driven by year-round tourism.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cascadia Spas & Stoves Hardware & Home Improvement Primelending Loan Service R&D Tactical Industrial Manufacturer North Bend Trading ... (Bike/Boat/Book/etc) Store Friends & Co Ice ... Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Valley Plaza — 470 E North Bend Way, North Bend, WA 98045
    • Coinme at Coinstar - Bitcoin Kiosk — 460 e north bend way qfc, north bend, wa 98045
    • Coinstar Kiosk | Bitcoin ATM — Safeway, 460 SW Mt Si Blvd, North Bend, WA 98045
    • MOUNT SI VILLAGE — Main Ave S, North Bend, WA 98045
    • Sunglass Hut — 461 S Fork Ave SW Ste 461J, North Bend, WA 98045

    Location Insight

    • Map
    • Local Demand
    City
    North Bend
    County
    King
    State
    Washington
    Longitude
    -121.786
    Latitude
    47.4949

    Nearby Similar for Sale

    • $775,000
      1,836 SF

      Bank Branch on Bendigo Boulevard

      Commercial property on a heavily traveled corridor near I-90.
      139 Bendigo Blvd N, North Bend, WA 98045
      View Details
    • $4,250,000

      North Bend Development Opportunity

      Commercial lot with development potential and existing cash flow.
      43200 SE North Bend Way, North Bend, WA 98045
      View Details
    • $1,150,000
      5,015 SF

      Versatile Office/Retail Building in North Bend

      Office/retail property with visibility, access, and mountain views in North Bend.
      349 E 3rd St, North Bend, WA 98045
      View Details
    • $1,250,000
      4,574 SF

      North Bend Retail Investment Opportunity

      Retail center in North Bend with repositioning potential.
      111 North Bend Way, North Bend, WA 98045
      View Details
    • $874,900
      800 SF

      Iconic Tavern Building with Mountain Views

      Historic tavern and restaurant property with adjacent residential unit.
      45526 SE North Bend Way, North Bend, WA 98045
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center in North Bend, WA, with high visibility.
    Where is this shopping center located?
    The property is located at 111 North Bend Way North Bend, WA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Fully leased 4,574 SF retail center in North Bend, WA.; Excellent visibility and easy access on E North Bend Way.; Strategically positioned near premier Washington tourist destinations.
    We can help!
    Listing Contact
    CLAYTON BROWN
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    111 North Bend Way, North Bend, WA 98045
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!