Versatile Commercial Condo in
14524 Main Street NE #109 Duvall, WA 98109
14524 Main Street NE #109, Duvall, WA, 98109
$1,490,000
For Sale
$1,490,000
High-visibility commercial condo with long-term tenant in historic Duvall.
Property Size5,700 SF
Price / SF$261.40
Days on Market112
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
Listing Agency
KELLY RIGHT RE OF SEATTLE LLC
(206) 525-5235
Listed by
CAROLINE XU
Source
Corcoran
Added: Apr 1 Updated: Jul 10 at 12:39 pm Checked: Jul 20 at 4:12 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $120,196 @ 7.0% cap · market cap 8.07%
Second Best
Retail
$1.46M
$1.27M – $1.70M
NOI $101,965 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,810 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
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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.
