Broadway Mixed-Use Property For
For Sale
$560,000
3614 Broadway, Everett, WA 98201
Mixed-use property with office, residence, and high-visibility location.
Property Size2,477 SF
Price / SF$226.08
Days on Market576
Property Features for 3614 Broadway
General Information
Standard status
Active
Size
2,477 SF
Building Details
Year Built
1962
Listing Agency:
CHAMPIONS REAL ESTATE SERVICES, INC.
Listed By:
SCOTT MCEWEN
Source:
Corcoran
Added: Mar 20, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 CHAMPIONS REAL ESTATE SERVICES, INC.
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Investment Insights
Based on property information with market context.
This mixed-use property features 50 feet of street frontage on Broadway, benefiting from high traffic volume of over 29,600 cars passing by daily. Suite A is a 960 square foot office space comprising four rooms, an entry/reception area, and a half bathroom, with a newer roof and flooring. Suite B is a historic detached 1.5-story single-family residence with a basement, featuring three bedrooms and two bathrooms. The residential unit also includes a detached two-car garage and driveway access from the alley. Recent upgrades include newer interior paint, carpet, and LVP flooring. Situated on a 6098 square foot lot, the property is zoned Broadway Mixed Use, offering significant potential due to its visibility from Broadway and alley access.
Key Highlights
- High traffic location: 50 feet of frontage on Broadway with over 29,600 cars passing daily.
- Broadway Mixed Use zoning offering versatile usage possibilities.
- Two income‑generating units: a 960 sq ft office (Suite A) and a 3 BR, 2 BA single‑family residence (Suite B).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,443
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,860
$828.9K
Cap Rate 7%
$592,043
$592.0K
Cap Rate 9%
$460,478
$460.5K
Market Conditions
NOI Build-Up for 2,477 SF
Gross rent
$65.4K $26.40/SF
− Vacancy
−$10.1K −$4.09/SF
EGI
$55.3K $22.31/SF
− OpEx
−$13.8K −$5.58/SF
NOI
$41.4K $16.73/SF
Area
Everett, WA
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,860
Cap Rate 7%
$592,043
Cap Rate 9%
$460,478
Alternative Uses
Best Use
Office B
$592.0K
$518.0K – $690.7K
NOI $41,443 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$524.1K
$458.6K – $611.4K
NOI $36,685 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$819.9K
$717.4K – $956.6K
NOI $57,393 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 98201, WA
30,421
Population
15,196
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
91%
High-School Grad
18.8 sq mi
ZIP Area
1,618
Density / Sq Mi
$73,822
Median Household Income
$48,830
Median Earnings
$1,443
Median Rent
$476,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with office, residence, and high-visibility location.
Where is this mixed-use property located?
The property is located at 3614 Broadway Everett, WA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: High traffic location: **50 feet of frontage on Broadway with over 29,600 cars passing daily.**; Broadway Mixed Use zoning offering versatile usage possibilities.; Two income‑generating units: a 960 sq ft office (Suite A) and a 3 BR, 2 BA single‑family residence (Suite B).
