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    Versatile Commercial Condo in Duvall Title is generated by Realmo AI

    14524 Main Street NE #109, Duvall, WA 98109

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    Claim this Listing
    For Sale
    $1,490,000

    High-visibility commercial condo with long-term tenant in historic Duvall.

    Type:Commercial
    Property size:
    5,700 SF
    Price / SF:
    $261/SF
    Added:
    Apr 1, 2026
    Days on Market:
    63
    Last Refresh:
    Apr 1 at 8:09 pm

    Property Features for 14524 Main Street NE #109

    General Information

    Standard status
    Active
    Size
    5,700 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    CAROLINE XU

    Listing agent CAROLINE XU

    Listing office KELLY RIGHT RE OF SEATTLE LLC

    Listing date Apr 1, 2026

    Source Corcoran

    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 KELLY RIGHT RE OF SEATTLE LLC

    HighLights

    • Prime location on Main Street in Historic Duvall with high visibility and traffic.
    • Currently leased through 2028 with a long‑term, stable tenant, providing immediate income.
    • Large 5,700 sq. ft. ground floor commercial condo end unit with two separate entrances.
    • Convenient customer parking directly in front and easy ADA access.
    • Flexible usage options upon lease expiration: potential for tenant renewal, owner occupancy, or repositioning.
    • Located among established businesses.

    Overview

    Located in historic Duvall, this ground floor commercial condo end unit offers over 5,700 sq. ft. with two separate entrances. The main entrance features double doors, complemented by an additional side entrance with a single door. Customer parking is conveniently located directly in front of the unit, along with easy ADA access. Situated in a high-traffic area with excellent visibility on Main Street, this property is surrounded by established businesses including Subway, Edward Jones Investment, Duvall Eye Care, and Evergreen Medical. The property is currently leased through 2028 with a long-term, stable tenant in place, offering immediate income potential. The tenant may be open to renewal, providing continued investment stability, or the future owner may choose to occupy or reposition the space upon lease expiration. This is a highly visible and versatile opportunity in a prime location.

    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 $205.2k $36.00
    − Vacancy −$44.9k −$7.88
    EGI $160.3k $28.12
    − OpEx −$40.1k −$7.03
    NOI $120.2k $21.09
    5,700 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.72M
    $1.50M – $2.00M (±1% cap)
    NOI $120,196 @ 7.0% cap · market cap 8.07%
    Second Best
    Retail
    $1.46M
    $1.27M – $1.70M (±1% cap)
    NOI $101,965 @ 7.0% cap · market cap 6.84%
    Theoretical Best
    Office A
    $2.28M
    $2.00M – $2.66M (±1% cap)
    NOI $159,810 @ 7.0% cap · market cap 10.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duvall Karate Training Center Madrona Massage Alternative Medicine Practice Harmony Wellness + Weight ... Weight Loss Service Edward Jones - Financial ... Financial Advisor Edward Jones - Financial ... Financial Advisor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Duvall
    County
    King
    State
    Washington
    Longitude
    -121.9866083
    Latitude
    47.7329911

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    FAQs

    What type of property is this?
    Retail space - High-visibility commercial condo with long-term tenant in historic Duvall.
    Where is this retail space located?
    The property is located at 14524 Main Street NE #109 Duvall, WA.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: Prime location on Main Street in Historic Duvall with high visibility and traffic.; Currently leased through 2028 with a long‑term, stable tenant, providing immediate income.; Large 5,700 sq. ft. ground floor commercial condo end unit with two separate entrances.
    (206) 525-5235
    We can help!
    Listing Contact
    CAROLINE XU
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    14524 Main Street NE #109, Duvall, WA 98109
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