1627 Cole St Enumclaw, WA 98022
Two buildings totaling 6,500 SF in downtown Enumclaw.
Property Features for 1627 Cole St
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing office KW MOUNTAINS TO SOUND REALTY
Listing date Jan 8, 2025
Source Corcoran
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown Enumclaw location on Cole Street.
- Two buildings totaling approximately 6500 SF of retail/office/restaurant space.
- Building 1 is fully leased with 7 offices and 3 ADA bathrooms.
Local Financial Insights For Specialty Retail
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 | $195.0k | $30.00 |
| − Vacancy | −$9.8k | −$1.50 |
| EGI | $185.3k | $28.50 |
| − OpEx | −$46.3k | −$7.13 |
| NOI | $138.9k | $21.38 |
