Mixed-Use Investment in Historic
148 Woods St Monroe, WA 98272
148 Woods St, Monroe, WA, 98272
$1,100,000
Pending
For Sale
$1,100,000
Pending
Fully rented commercial space with residential units near historic district.
Property Size5,659 SF
Days on Market497
Property Features for 148 Woods St
General Information
- Standard status
- Pending
- Size
- 5,659 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
REAL BROKER LLC
Listed by
REBECCA LOCKE
Source
Corcoran
Added: Mar 11, 2025 Checked: Jul 19 at 4:47 am
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 REAL BROKER LLC
Investment Insights
Based on property information with market context.
This fully rented mixed-use property is located one block from Monroe’s historic district. The property features a professional office space and three spacious townhouse-style residential units. There is an opportunity to maximize income potential with an optional two-car garage rental. The property benefits from professional landscaping, a newer roof, gutters, and multiple upgrades. The property offers excellent accessibility to major freeways. The building has a total size of 5659 square feet. The property has a strong tenant history and is always rented.
Key Highlights
- Fully rented commercial space with professional office and three residential units.
- Prime location one block from Monroe’s historic district.
- Excellent accessibility to major freeways.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.8k | $27.36 |
| − Vacancy | −$20.4k | −$3.61 |
| EGI | $134.4k | $23.75 |
| − OpEx | −$33.6k | −$5.94 |
| NOI | $100.8k | $17.81 |
5,659 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,794 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,643 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,474 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Natural Rejuvenation Center
Alternative Medicine Practice
Dollars & Sense Bookkeeping
Accounting Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully rented commercial space with residential units near historic district.
Where is this mixed-use property located?
The property is located at 148 Woods St Monroe, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully rented commercial space with professional office and three residential units.; Prime location one block from Monroe’s historic district.; Excellent accessibility to major freeways.
