381 E Main St, Monroe, WA 98272
4,992 SF commercial building in downtown Monroe for sale.
- Added:
- Apr 18, 2025
- Days on Market:
- 441
- Last Refresh:
- Apr 5 at 8:43 pm
Property Features for 381 E Main St
General Information
- Standard status
- Active
- Size
- 4,992 SF
- Lot size
- 0.18 Acres
- Property subtype
- OFFICE
Listing office Keller Williams Realty - Marysville (425) 923-7010
Listing date Apr 18, 2025
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 Keller Williams Realty - Marysville
HighLights
- Prime downtown Monroe location with excellent Main Street visibility and steady traffic.
- Large 4,992 sq. ft. commercial building offering redevelopment or renovation potential.
- Suitable for retail, office, studio, or mixed‑use possibilities.
- Vacant and ready for immediate transformation.
- Two separate downstairs spaces and a huge upstairs room.
- Four bathrooms (2 upstairs & 2 downstairs).
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 | $136.6k | $27.36 |
| − Vacancy | −$18.0k | −$3.61 |
| EGI | $118.6k | $23.75 |
| − OpEx | −$29.6k | −$5.94 |
| NOI | $88.9k | $17.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Snohomish
- State
- Washington
- Longitude
- -121.968
- Latitude
- 47.857