Downtown Enumclaw Retail/Office/Restaurant
1627 Cole St, Enumclaw, WA 98022
Two buildings totaling 6,500 SF in downtown Enumclaw.
Type:Commercial
Property size:
6,500 SFPrice / SF:
$369/SF- Added:
- Jan 8, 2025
- Days on Market:
- 509
- Last Refresh:
- May 10 at 9:08 pm
Property Features for 1627 Cole St
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing agent TODD HUIZENGA
Listing office KW MOUNTAINS TO SOUND REALTY
Listing date Jan 8, 2025
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 KW MOUNTAINS TO SOUND REALTY
HighLights
- Prime downtown Enumclaw location on Cole Street.
- Two buildings totaling approximately 6500 SF of retail/office/restaurant space.
- Building 1 is fully leased with 7 offices and 3 ADA bathrooms.
- Building 2 offers 3,257 SF of clear span space, suitable for lease or owner occupancy.
- Built in 2005.
- PVC roof with 3 rooftop HVAC units.
Overview
This property features two buildings, constructed in 2005, totaling approximately 6,500 square feet of retail, office, and restaurant space located in the downtown core of Enumclaw. The first building is fully leased and contains seven separate offices ranging in size from 230 to 729 square feet, along with three ADA-compliant bathrooms. The second building offers 3,257 square feet of clear-span construction, including two ADA-compliant bathrooms, one private office, and a storage room. This space is available for lease or owner occupancy. The property includes a PVC roof and three rooftop HVAC units. The property consists of two tax parcels.
Local Financial Insights For Specialty Retail
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 | $195.0k | $30.00 |
| − Vacancy | −$9.8k | −$1.50 |
| EGI | $185.3k | $28.50 |
| − OpEx | −$46.3k | −$7.13 |
| NOI | $138.9k | $21.38 |
6,500 SF · lease $30.00/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.74M – $2.32M
NOI $138,938 @ 7.0% cap · market cap 5.79%
Second Best
Office B
$1.96M
$1.71M – $2.28M
NOI $137,066 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,239 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Enumclaw
- County
- King
- State
- Washington
- Longitude
- -121.989
- Latitude
- 47.2039
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Two buildings totaling 6,500 SF in downtown Enumclaw.
Where is this retail space located?
The property is located at 1627 Cole St Enumclaw, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Prime downtown Enumclaw location on Cole Street.; Two buildings totaling approximately 6500 SF of retail/office/restaurant space.; Building 1 is fully leased with 7 offices and 3 ADA bathrooms.
