Everett Office Building on
For Sale
$882,000
1614 Broadway, Everett, WA 98201
Two-story office building with secured parking and high visibility.
Property Size3,387 SF
Price / SF$260.41
Days on Market569
Property Features for 1614 Broadway
General Information
Standard status
Active
Size
3,387 SF
Building Details
Year Built
1987
Listing Agency:
JONES LANG LASALLE
Listed By:
BRENT JACKSON · License #21918
(425) 974-4015
Source:
Corcoran
Added: Mar 27, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:35AM
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 JONES LANG LASALLE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building is located on Broadway Avenue in Everett. The property offers secured on-site parking. Signage and visibility opportunities are available. The flexible layout allows for the creation of separate spaces, accommodating owner-users who may not require the entire building. The building features numerous large windows, providing ample natural light. The property is suitable for owner-users.
Key Highlights
- Great owner‑user office building on Broadway Avenue.
- Flexible 2‑story space with ability to create separate spaces.
- On‑site secured parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,668
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,360
$1.1M
Cap Rate 7%
$809,543
$809.5K
Cap Rate 9%
$629,644
$629.6K
Market Conditions
NOI Build-Up for 3,387 SF
Gross rent
$89.4K $26.40/SF
− Vacancy
−$13.9K −$4.09/SF
EGI
$75.6K $22.31/SF
− OpEx
−$18.9K −$5.58/SF
NOI
$56.7K $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%
$1,133,360
Cap Rate 7%
$809,543
Cap Rate 9%
$629,644
Alternative Uses
Best Use
Office B
$809.5K
$708.4K – $944.5K
NOI $56,668 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$981.0K – $1.31M
NOI $78,479 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,313
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?
Office building - Two-story office building with secured parking and high visibility.
Where is this office building located?
The property is located at 1614 Broadway Everett, WA.
What is the asking price?
The asking price for this property is $882,000.
What are key features of this property?
This property features: Great owner‑user office building on Broadway Avenue.; Flexible 2‑story space with ability to create separate spaces.; On‑site secured parking.
