Turnkey Medical Office Salon
For Sale
Contact for pricing
1429 Bonneville Ave, Snohomish, WA 98290
Turnkey multi-floor office with private offices, kitchen, restrooms, storage, and 12 striped parking stalls.
Property Size2,368 SF
Lot Size0.70 Acres
Price / SF$548.99
Days on Market143
Property Features for 1429 Bonneville Ave
General Information
Standard status
Active
Size
2,368 SF
Total Parking Spaces
12
Lot size
0.70 Acres
Property subtype
OFFICE
Zoning
Midtown
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1996
Buildings
1
Stories
2
Listing Agency:
Colliers International WA, LLC
(425) 453-4545
Listed By:
Richie Sander
(425) 586-5609
Source:
Moodyscre
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 21 at 12:08AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers 2,368 SF total across two floors, with 2,000 SF on the first floor and 368 SF on the second floor. An additional 446 SF of storage space is also available and is not included in the total square footage. The space is currently built out for a turnkey salon, with utilities throughout and an existing interior layout that includes four private offices, a kitchen, storage rooms, restrooms, and an open work area.
The property includes 12 striped parking stalls, with additional street parking available. Built in 1996, it is located in the Midtown zoning area within the City of Snohomish jurisdiction. Existing business and personal property can be included with the sale upon inquiry with the listing brokers.
With its existing buildout and multi-use office configuration, the space is positioned for continuation of salon use or for medical or general office uses, subject to applicable approvals.
The property includes 12 striped parking stalls, with additional street parking available. Built in 1996, it is located in the Midtown zoning area within the City of Snohomish jurisdiction. Existing business and personal property can be included with the sale upon inquiry with the listing brokers.
With its existing buildout and multi-use office configuration, the space is positioned for continuation of salon use or for medical or general office uses, subject to applicable approvals.
Key Highlights
- 2,368 SF building with 2,000 SF 1st floor and 1,368 SF 2nd floor, plus 446 SF additional storage (not included in total SF).
- 0.70‑acre lot (30,492 SF) with 12 striped parking stalls and additional street parking available.
- Built in 1996 with turnkey salon/office utilities throughout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,177
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,540
$843.5K
Cap Rate 7%
$602,529
$602.5K
Cap Rate 9%
$468,633
$468.6K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$64.8K $27.36/SF
− Vacancy
−$8.6K −$3.61/SF
EGI
$56.2K $23.75/SF
− OpEx
−$14.1K −$5.94/SF
NOI
$42.2K $17.81/SF
Area
Snohomish County, WA
Vacancy
13.20%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,540
Cap Rate 7%
$602,529
Cap Rate 9%
$468,633
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 98290, WA
37,535
Population
15,348
Households
2.4
Avg Household Size
42
Median Age
38%
College-Educated
95%
High-School Grad
117.5 sq mi
ZIP Area
319
Density / Sq Mi
$129,656
Median Household Income
$68,573
Median Earnings
$1,591
Median Rent
$717,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Turnkey multi-floor office with private offices, kitchen, restrooms, storage, and 12 striped parking stalls.
Where is this office unit 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: 2,368 SF building with 2,000 SF 1st floor and 1,368 SF 2nd floor, plus 446 SF additional storage (not included in total SF).; 0.70‑acre lot (30,492 SF) with 12 striped parking stalls and additional street parking available.; Built in 1996 with turnkey salon/office utilities throughout.
