Ground-Floor Professional Office
For Sale
Contact for pricing
Pending
14524 Main Street Northeast, Duvall, WA 98019
Ground-floor office condo within a mixed-use complex, fully occupied by a healthcare tenant.
Property Size1,459 SF
Days on Market116
Property Features for 14524 Main Street Northeast
General Information
Standard status
Pending
Size
1,459 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
West Coast Commercial Realty, LLC
(206) 283-5212
Listed By:
Riley Gill
(206) 799-0199
Source:
Moodyscre
Added: May 21
Changed: Sep 4
Last Checked: Sep 13 at 10:55AM
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 West Coast Commercial Realty, LLC
Investment Insights
Based on property information with market context.
This ground-floor professional office condo provides 1,459 square feet of street-adjacent space within the Duval Square mixed-use commercial complex. The unit is described as having prominent visibility and seamless accessibility.
The property is 100% occupied by an established boutique healthcare tenant. The tenant’s presence supports immediate income generation while offering a turnkey setup for an owner looking to acquire an occupied office condo in Duvall.
Located at 14524 Main Street Northeast, the unit’s ground-level configuration is designed for convenient day-to-day operations.
The property is 100% occupied by an established boutique healthcare tenant. The tenant’s presence supports immediate income generation while offering a turnkey setup for an owner looking to acquire an occupied office condo in Duvall.
Located at 14524 Main Street Northeast, the unit’s ground-level configuration is designed for convenient day-to-day operations.
Key Highlights
- 1,459 SF ground‑floor professional office/retail condo in Duval Square mixed‑use commercial complex
- 100% occupied by an established boutique healthcare tenant
- Street‑adjacent unit with ground‑floor accessibility and visibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,766
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,320
$615.3K
Cap Rate 7%
$439,514
$439.5K
Cap Rate 9%
$341,844
$341.8K
Market Conditions
NOI Build-Up for 1,459 SF
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.
Gross rent
$52.5K $36.00/SF
− Vacancy
−$11.5K −$7.88/SF
EGI
$41.0K $28.12/SF
− OpEx
−$10.3K −$7.03/SF
NOI
$30.8K $21.09/SF
Area
King County, WA
Vacancy
21.90%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,320
Cap Rate 7%
$439,514
Cap Rate 9%
$341,844
Alternative Uses
Best Use
Office B
$439.5K
$384.6K – $512.8K
NOI $30,766 @ 7.0% cap · market cap 8.20%
Second Best
Healthcare Medical
$276.2K
$241.7K – $322.3K
NOI $19,335 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$584.4K
$511.3K – $681.8K
NOI $40,906 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 98019, WA
12,284
Population
4,090
Households
3
Avg Household Size
39
Median Age
53%
College-Educated
97%
High-School Grad
35.7 sq mi
ZIP Area
344
Density / Sq Mi
$156,003
Median Household Income
$84,728
Median Earnings
$2,652
Median Rent
$746,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Ground-floor office condo within a mixed-use complex, fully occupied by a healthcare tenant.
Where is this office units located?
The property is located at 14524 Main Street Northeast Duvall, WA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,459 SF ground‑floor professional office/retail condo in Duval Square mixed‑use commercial complex; 100% occupied by an established boutique healthcare tenant; Street‑adjacent unit with ground‑floor accessibility and visibility
