Retail Building on 0.41
36916 SR 2 Sultan, WA 98294
For Sale
Contact for pricing
2,087 SF retail building with highway frontage for sale.
Property Size2,087 SF
Lot Size0.30 Acres
Price / SF$258.74
Days on Market645
Property Features for 36916 SR 2
General Information
Standard status
Active
Size
2,087 SF
Lot size
0.30 Acres
Property subtype
RETAIL
Listing Agency:
NWC-KV LLC
(206) 787-1469
Listed By:
Fletcher Farrar
(206) 787-1469
Source:
Moodyscre
Added: Oct 24, 2024
Changed: Jul 10
Last Checked: Jul 22 at 4:04AM
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 NWC-KV LLC
Investment Insights
Based on property information with market context.
This 2,087 square foot retail building is situated on a 0.41-acre lot, which is equivalent to 17,860 square feet. The property benefits from frontage on Highway-2, with a daily vehicle count of 14,000. It is zoned R-5/RB.
Key Highlights
- Hwy‑2 Frontage for excellent visibility
- Vehicle Count: 14,000 Per Day, offering high exposure
- Land Size: 0.41 Acres (17,860 SF)
Financial Insights For 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 | $45.1k | $21.60 |
| − Vacancy | −$3.1k | −$1.47 |
| EGI | $42.0k | $20.13 |
| − OpEx | −$12.6k | −$6.04 |
| NOI | $29.4k | $14.09 |
2,087 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$420.1K
$367.6K – $490.2K
NOI $29,410 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$582.0K
$509.3K – $679.0K
NOI $40,742 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - 2,087 SF retail building with highway frontage for sale.
Where is this storefront property located?
The property is located at 36916 SR 2 Sultan, WA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Hwy‑2 Frontage for excellent visibility; Vehicle Count: 14,000 Per Day, offering high exposure; Land Size: 0.41 Acres (17,860 SF)
