Mixed-Use Retail and Residential
1815 Broadway Everett, WA 98201
1815 Broadway, Everett, WA, 98201
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For Sale
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Two-story building with ground-floor NNN retail and upper-level residential units, featuring 36 feet of arterial frontage.
Property Size3,349 SF
Price / SF$246.34
Days on Market21
Property Features for 1815 Broadway
General Information
- Standard status
- Active
- Size
- 3,349 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1925
Listing agency
John L. Scott - Kent North
(425) 401-0606
Listed by
Antonio Lopez · License #30671
Source
Crexi
Added: Jul 2 Updated: Jul 22 at 6:01AM Checked: Jul 22 at 6:01AM
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 John L. Scott - Kent North
Investment Insights
Based on property information with market context.
This stabilized dual-income mixed-use building offers a combination of ground-floor NNN retail and upper-level residential space within a compact, two-story structure. The commercial portion is currently leased, with the retail tenant in place since 2010, supporting long-term continuity for daily-needs shopping.
The property sits on Everett’s Broadway corridor with 36 feet of arterial frontage and stated 19,600 VPD, supported by nearby bus service. Four surface parking spaces are available on site.
Designed to hold both retail and residential uses under one roof, the building provides two separate income streams in a single asset.
The property sits on Everett’s Broadway corridor with 36 feet of arterial frontage and stated 19,600 VPD, supported by nearby bus service. Four surface parking spaces are available on site.
Designed to hold both retail and residential uses under one roof, the building provides two separate income streams in a single asset.
Key Highlights
- 3,349 SF two‑story mixed‑use building with ground‑floor NNN retail and upper‑level residential units
- Ground‑floor commercial tenant in place since 2010 (15+ years of tenancy)
- 36' of arterial frontage with 19,600 VPD
Local Financial Insights For 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 | $72.3k | $21.60 |
| − Vacancy | −$3.3k | −$0.97 |
| EGI | $69.1k | $20.63 |
| − OpEx | −$20.7k | −$6.19 |
| NOI | $48.4k | $14.44 |
3,349 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$690.8K
$604.5K – $806.0K
NOI $48,358 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.0K – $1.29M
NOI $77,598 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Broadway Beverage
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Two-story building with ground-floor NNN retail and upper-level residential units, featuring 36 feet of arterial frontage.
Where is this storefront property located?
The property is located at 1815 Broadway Everett, WA.
What is the asking price?
The asking price for this property is $824,999.
What are key features of this property?
This property features: 3,349 SF two‑story mixed‑use building with ground‑floor NNN retail and upper‑level residential units; Ground‑floor commercial tenant in place since 2010 (15+ years of tenancy); 36' of arterial frontage with 19,600 VPD
