1024 1st St, Snohomish, WA 98290
Historic mixed-use building with retail and office space for sale.
- Added:
- Mar 23, 2023
- Days on Market:
- 1181
- Last Refresh:
- Apr 5 at 8:12 pm
Property Features for 1024 1st St
General Information
- Standard status
- Active
- Size
- 19,502 SF
- Lot size
- 0.11 Acres
- Property subtype
- RETAIL
Listing agent Laura Huntington (425) 754-4518
Listing office Workman Real Estate Services (425) 754-4518
Listing date Mar 23, 2023
Source Moodyscre
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 Workman Real Estate Services
HighLights
- 100% Occupied: Ideal for owner‑user or investment with immediate income potential.
- Historic Building with Original Features: Showcasing unique character with original brick, stone, glass, doors, windows, and wood floors.
- Updated Systems: Enjoy modern convenience with updated plumbing, electrical, HVAC, and high‑speed internet.
- Elevator Access: Provides convenient access to upper floors.
- Scenic Views: Upper floors offer views of the Snohomish River Valley and Cascade Mountains.
- Prime Location: Situated in the Historic Business District.
Overview
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 | $533.6k | $27.36 |
| − Vacancy | −$70.4k | −$3.61 |
| EGI | $463.1k | $23.75 |
| − OpEx | −$115.8k | −$5.94 |
| NOI | $347.4k | $17.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Snohomish
- County
- Snohomish
- State
- Washington
- Longitude
- -122.096
- Latitude
- 47.9116
