1815 Broadway, Everett, WA 98201

Building Details

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Stories 2 More

Listing Agency: John L. Scott - Kent Show Phone

Listed By: Antonio Lopez · License WA #30671 Show Phone

Source: Moodyscre

Added: Jul 2 Changed: Oct 26 Last Checked: Nov 12 at 8:35AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use property combines a high-visibility commercial storefront with residential space above, arranged as a two-story live-work setup. The offering includes 4 surface parking spaces and a tenant in place since 2010.

Located on Everett’s Broadway corridor, the property features 36' of frontage on Broadway. Public transit access is described as being right at the doorstep, supporting convenient access for customers and residents.

At approximately 3,349 square feet, the building provides a practical combination of street-level retail and space above for residential use.

Key Highlights

• 3,349 SF mixed‑use building with a commercial storefront and residential space above
• 36' of Broadway frontage
• Two‑story property with 4 surface parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,358

Cap Rate

8.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$967,160 $967.2K

Cap Rate 7%

$690,829 $690.8K

Cap Rate 9%

$537,311 $537.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,349 SF

Gross rent

$72.3K $21.60/SF

− Vacancy

−$3.3K −$0.97/SF

EGI

$69.1K $20.63/SF

− OpEx

−$20.7K −$6.19/SF

NOI

$48.4K $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 Rate 5%

$967,160

Cap Rate 7%

$690,829

Cap Rate 9%

$537,311

Alternative Uses

Best Use

Office B

$800.5K

$700.4K – $933.9K (±1% cap)

NOI $56,032 @ 7.0% cap · market cap 10.19%

Second Best

Retail

$690.8K

$604.5K – $806.0K (±1% cap)

NOI $48,358 @ 7.0% cap · market cap 8.79%

Theoretical Best

Office A

$1.11M

$970.0K – $1.29M (±1% cap)

NOI $77,598 @ 7.0% cap · market cap 14.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Broadway Beverage (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Nail Salon Locksmith Tanning Salon Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,393

Businesses Nearby

Under-served

Demand for This Use

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

Properties on Market for Storefront properties in Snohomish County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Mixed-use building with a high-visibility storefront and residential space above, offering 36' of Broadway 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 $550,000.

What are key features of this property?

This property features: 3,349 SF mixed‑use building with a commercial storefront and residential space above; 36' of Broadway frontage; Two‑story property with 4 surface parking spaces