Medical or Office
1429 Bonneville Ave Snohomish, WA 98290
1429 Bonneville Ave, Snohomish, WA, 98290
$1,300,000
For Sale
$1,300,000
Two-story office building with turnkey salon buildout, including offices, restrooms, kitchen, and open work area.
Property Size2,368 SF
Lot Size0.70 Acres
Price / SF$548.99
Days on Market40
Property Features for 1429 Bonneville Ave
General Information
- Standard status
- Active
- Size
- 2,368 SF
- Lot size
- 0.70 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1996
Listing agency
COLLIERS INTERNATIONAL WA, LLC
(425) 492-5145
Listed by
TALOR OKADA
Source
Corcoran
Added: Jun 13 Updated: Jul 22 at 2:50AM Checked: Jul 22 at 2:50AM
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 COLLIERS INTERNATIONAL WA, LLC
Investment Insights
Based on property information with market context.
This two-story office building totals 2,368 SF, with 1,200 SF on the first floor and 1,368 SF on the second floor, plus 446 SF of additional storage space that is not included in the total. The property includes a turnkey salon setup with utilities throughout and an existing buildout featuring four private offices, a kitchen, storage rooms, restrooms, and an open work area.
The building is situated on 0.70 acres and offers 12 striped parking stalls, with additional street parking available. Zoning is Midtown under the City of Snohomish jurisdiction.
Built in 1996, the space is currently suited for salon use and is described as ideal for another salon, medical, or general office uses. Existing business and personal property may be included with the sale; please inquire with the listing brokers.
The building is situated on 0.70 acres and offers 12 striped parking stalls, with additional street parking available. Zoning is Midtown under the City of Snohomish jurisdiction.
Built in 1996, the space is currently suited for salon use and is described as ideal for another salon, medical, or general office uses. Existing business and personal property may be included with the sale; please inquire with the listing brokers.
Key Highlights
- Two‑story office building with turnkey salon buildout (built in 1996).
- 2,368 SF total: 2,000 SF 1st floor, 1,368 SF 2nd floor, plus 446 SF additional storage space (not included in total SF).
- Includes four private offices, kitchen, storage rooms, restrooms, and an open work area.
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 | $64.8k | $27.36 |
| − Vacancy | −$8.6k | −$3.61 |
| EGI | $56.2k | $23.75 |
| − OpEx | −$14.1k | −$5.94 |
| NOI | $42.2k | $17.81 |
2,368 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$602.5K
$527.2K – $703.0K
NOI $42,177 @ 7.0% cap · market cap 3.24%
Second Best
Healthcare Medical
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$660.4K
$577.9K – $770.5K
NOI $46,228 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Saluk Salon & Spa
Hair Salon
Restoring Roots Massage
Alternative Medicine Practice
Overall Wellness
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two-story office building with turnkey salon buildout, including offices, restrooms, kitchen, and open work area.
Where is this office units located?
The property is located at 1429 Bonneville Ave Snohomish, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two‑story office building with turnkey salon buildout (built in 1996).; 2,368 SF total: 2,000 SF 1st floor, 1,368 SF 2nd floor, plus 446 SF additional storage space (not included in total SF).; Includes four private offices, kitchen, storage rooms, restrooms, and an open work area.
