Darrington Retail Building on Corner
For Sale
Contact for pricing
1200 Seeman St, Darrington, WA 98241
Retail building with excess land in downtown Darrington, Washington.
Property Size3,608 SF
Lot Size0.81 Acres
Price / SF$159.37
Days on Market190
Property Features for 1200 Seeman St
General Information
Standard status
Active
Size
3,608 SF
Lot size
0.81 Acres
Property subtype
Retail
Zoning
C - Commercial
Building Details
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
Auction Management Corporation
Listed By:
Jeb Howell · License #117439
Source:
Crexi
Added: Feb 12
Changed: Aug 17
Last Checked: Aug 19 at 1:37AM
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 Auction Management Corporation
Investment Insights
Based on property information with market context.
Located on a highly visible corner in downtown Darrington, Washington, the property at 1200 Seeman Street is a former owner-occupied pharmacy and gift shop. The property consists of three contiguous parcels totaling approximately 35,284 square feet (0.81 acres). The site benefits from frontage along State Route 530 (Mountain Loop Highway) and Seeman Street, providing exposure to traffic traveling through the town. The offering includes a 3,608-square-foot single-story retail building, constructed in 1972, along with two additional parcels identified as excess land. These additional parcels are not required to support the existing improvements and may be sold separately or held for future development. The site is zoned C – Commercial and is located entirely within FEMA Flood Zone X (outside mapped flood hazard areas). The subject property occupies a corner lot at a three-way intersection with approximately 480 feet of combined frontage. The site is mostly level, well-drained, and fully served by public utilities, including water, sewer, gas, and electric. The retail building is a detached, single-story structure designed for owner-user or single-tenant occupancy. The improvements are reported to be in good overall condition, with a functional retail layout and adequate on-site parking. The two excess land parcels are vacant and unimproved, offering future flexibility for expansion, resale, or alternative commercial use. Ingress and egress are provided via curb cuts along Seeman Street, with additional access from SR-530. Traffic counts in the immediate area average approximately 4,000 vehicles per day. Darrington serves as the commercial and economic center for the surrounding region in eastern Snohomish County. The property's visibility, parking, and zoning flexibility position it well for a variety of retail, service, medical, professional office, or owner-user commercial uses.
Key Highlights
- Prime downtown Darrington location on a high visibility corner lot with frontage on State Route 530.
- Three contiguous parcels totaling 35,284± SF (0.81± acre), including two separately marketable excess land parcels.
- Zoned Commercial (C) with broad permitted uses, suitable for owner‑user, investor, or redevelopment strategy.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,843
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,860
$1.0M
Cap Rate 7%
$726,329
$726.3K
Cap Rate 9%
$564,922
$564.9K
Market Conditions
NOI Build-Up for 3,608 SF
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.
Gross rent
$77.9K $21.60/SF
− Vacancy
−$5.3K −$1.47/SF
EGI
$72.6K $20.13/SF
− OpEx
−$21.8K −$6.04/SF
NOI
$50.8K $14.09/SF
Area
Snohomish County, WA
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,860
Cap Rate 7%
$726,329
Cap Rate 9%
$564,922
Alternative Uses
Best Use
Retail
$726.3K
$635.5K – $847.4K
NOI $50,843 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$880.4K – $1.17M
NOI $70,435 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Groceries 36%
Darrington IGA
Groceries
4,740 visits/mo
0.2 miles
Shell
Shops & Services
4,169 visits/mo
0.3 miles
Dollar Tree
Shops & Services
3,202 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
482 visits/mo
0.5 miles
Coastal Community Bank
Shops & Services
477 visits/mo
0.2 miles
Demographics for 98241, WA
2,344
Population
1,143
Households
2.1
Avg Household Size
43
Median Age
18%
College-Educated
83%
High-School Grad
422.3 sq mi
ZIP Area
6
Density / Sq Mi
$75,039
Median Household Income
$52,027
Median Earnings
$899
Median Rent
$391,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with excess land in downtown Darrington, Washington.
Where is this storefront property located?
The property is located at 1200 Seeman St Darrington, WA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Prime downtown Darrington location on a high visibility corner lot with frontage on State Route 530.; Three contiguous parcels totaling 35,284± SF (0.81± acre), including two separately marketable excess land parcels.; Zoned Commercial (C) with broad permitted uses, suitable for owner‑user, investor, or redevelopment strategy.
