Downtown Broadway Corner
For Sale
Contact for pricing
1906 Broadway, Everett, WA 98201
Mixed-use property in downtown Broadway area.
Property Size4,500 SF
Price / SF$220
Days on Market223
Property Features for 1906 Broadway
General Information
Standard status
Active
Size
4,500 SF
Class
B
Property subtype
Mixed Use, Multifamily, Office, Retail
Zoning
Mixed Urban (MU)
Occupancy
100%
Lease Type
Gross
Building Details
Year Built
1910
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
KW Commercial, GSWA MCI LLC
Listed By:
Melissa Johnson · License #105175
(425) 765-3568
Source:
Crexi
Added: Mar 11
Changed: Oct 10
Last Checked: Oct 16 at 9:09AM
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 Commercial, GSWA MCI LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property is located on a corner lot in the downtown Broadway area. The property has a size of 4500 square feet and is zoned for mixed urban uses.
Key Highlights
- Mixed Urban Zoning
- Downtown Broadway Location
- Corner Property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,290
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,505,800
$1.5M
Cap Rate 7%
$1,075,571
$1.1M
Cap Rate 9%
$836,556
$836.6K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$118.8K $26.40/SF
− Vacancy
−$18.4K −$4.09/SF
EGI
$100.4K $22.31/SF
− OpEx
−$25.1K −$5.58/SF
NOI
$75.3K $16.73/SF
Area
Everett, WA
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,505,800
Cap Rate 7%
$1,075,571
Cap Rate 9%
$836,556
Alternative Uses
Best Use
Office B
$1.08M
$941.1K – $1.25M
NOI $75,290 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$952.1K
$833.1K – $1.11M
NOI $66,647 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,268 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,393
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
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in downtown Broadway area.
Where is this mixed-use property located?
The property is located at 1906 Broadway Everett, WA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Mixed Urban Zoning; Downtown Broadway Location; Corner Property
