3614 Broadway Everett, WA 98201
Mixed-use property with office, residence, and high-visibility location.
Property Features for 3614 Broadway
General Information
- Standard status
- Active
- Size
- 2,477 SF
Building Details
- Year Built
- 1962
Listing office CHAMPIONS REAL ESTATE SERVICES, INC.
Listing date Mar 20, 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 CHAMPIONS REAL ESTATE SERVICES, INC.
Investment Insights
Based on property information with market context.
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).
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 | $65.4k | $26.40 |
| − Vacancy | −$10.1k | −$4.09 |
| EGI | $55.3k | $22.31 |
| − OpEx | −$13.8k | −$5.58 |
| NOI | $41.4k | $16.73 |
