Everett Retail/Medical Building on
For Sale
$650,000
1716 Broadway, Everett, WA 98201
1,829 SF building suitable for retail, office, or medical use.
Property Size1,829 SF
Lot Size0.14 Acres
Price / SF$355.39
Days on Market165
Property Features for 1716 Broadway
General Information
Standard status
Active
Size
1,829 SF
Lot size
0.14 Acres
Property subtype
Retail
Building Details
Building Size
1,829 SF
Year Built
1966
Listing Agency:
(425) 306-5458
Listed By:
Lien Ma, CCIM · License #WA #26386
(425) 306-5458
Source:
Sperrycga
Added: Mar 5
Changed: Aug 10
Last Checked: Aug 10 at 2:35PM
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 Lien Ma, CCIM
Investment Insights
Based on property information with market context.
This single-story, stand-alone building offers 1,829 square feet of space on a 6,098 square foot lot along Broadway in Everett. The building is currently configured as a retail space and is suitable for an owner/user. The site provides parking in the front and on the sides of the building. A shed at the back of the building offers extra storage and can be moved to create additional parking spaces. The building was formerly used for medical purposes and contains 6 rooms, 2 bathrooms, and a receptionist area window. The property is zoned BMU (Broadway Mixed Use), which allows for a variety of uses including food and beverage, retail, office, medical, entertainment, recreational, transportation, and vehicle-related businesses.
Key Highlights
- High‑traffic location on busy Broadway in Everett.
- BMU (Broadway Mixed Use) zoning allows for a wide range of uses including retail, office, medical, and food/beverage.
- Ideal for owner/user with existing retail space and flexible layout.
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
$26,410
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
4.06%
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%
$528,200
$528.2K
Cap Rate 7%
$377,286
$377.3K
Cap Rate 9%
$293,444
$293.4K
Market Conditions
NOI Build-Up for 1,829 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
$39.5K $21.60/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$37.7K $20.63/SF
− OpEx
−$11.3K −$6.19/SF
NOI
$26.4K $14.44/SF
Area
Everett, WA
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$528,200
Cap Rate 7%
$377,286
Cap Rate 9%
$293,444
Alternative Uses
Best Use
Retail
$377.3K
$330.1K – $440.2K
NOI $26,410 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.4K
$529.7K – $706.3K
NOI $42,379 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 98201, WA
30,421
Population
15,196
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
91%
High-School Grad
18.8 sq mi
ZIP Area
1,618
Density / Sq Mi
$73,822
Median Household Income
$48,830
Median Earnings
$1,443
Median Rent
$476,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 1,829 SF building suitable for retail, office, or medical use.
Where is this retail space located?
The property is located at 1716 Broadway Everett, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High‑traffic location on busy Broadway in Everett.; BMU (Broadway Mixed Use) zoning allows for a wide range of uses including retail, office, medical, and food/beverage.; Ideal for owner/user with existing retail space and flexible layout.
