Renovated Retail/Office Space Near
For Sale
Contact for pricing
20308 77th Ave NE, Arlington, WA 98223
Recently renovated retail/office space with flexible layout and excellent visibility.
Property Size3,563 SF
Price / SF$0.01
Days on Market206
Property Features for 20308 77th Ave NE
General Information
Standard status
Active
Size
3,563 SF
Property subtype
Retail
Lease Term
NNN
Properties For Sale
at 20308 77th Ave NE Contact usSuite E
Size
1,200 SF
Term
Negotiable
Suite H
Size
2,363 SF
Term
Negotiable
Listing Agency:
NAI Puget Sound Properties
Listed By:
Blake Stedman · License #WA2495
(425) 652-1722
Source:
Nai-psp
Added: Apr 1
Changed: Oct 7
Last Checked: Oct 23 at 4:57AM
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 NAI Puget Sound Properties
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Investment Insights
Based on property information with market context.
This property is ideally situated near Highway 9 and has recently undergone a complete renovation. The renovations include new HVAC units and new paint. Individual utilities are supplied to each unit. The space offers flexibility and an open layout suitable for boutique retail and office uses. It is located in Downtown Arlington and offers excellent visibility and signage. The property is in proximity to Arlington Airport and an apartment complex. The current layout is suitable for a salon. The roof has also been recently renovated. The property is perfect for small boutique retail or office uses.
Key Highlights
- Prime retail space in Downtown Arlington with excellent visibility and signage.
- Recently renovated, including new HVAC units and roof.
- Flexible, open layout suitable for boutique retail or office uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,209
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,180
$1.0M
Cap Rate 7%
$717,271
$717.3K
Cap Rate 9%
$557,878
$557.9K
Market Conditions
NOI Build-Up for 3,563 SF
Gross rent
$77.0K $21.60/SF
− Vacancy
−$5.2K −$1.47/SF
EGI
$71.7K $20.13/SF
− OpEx
−$21.5K −$6.04/SF
NOI
$50.2K $14.09/SF
Area
Snohomish County, WA
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,180
Cap Rate 7%
$717,271
Cap Rate 9%
$557,878
Alternative Uses
Best Use
Retail
$717.3K
$627.6K – $836.8K
NOI $50,209 @ 7.0% cap · market cap 200,836.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$993.7K
$869.5K – $1.16M
NOI $69,556 @ 7.0% cap · market cap 278,224.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
117k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Shops & Services 35%
Dining 26%
Beauty & Spa 1%
Safeway
Groceries
44,473 visits/mo
0.1 miles
Safeway Gas
Shops & Services
19,757 visits/mo
0.1 miles
Burger King
Dining
13,586 visits/mo
0.1 miles
Starbucks
Dining
12,173 visits/mo
0.1 miles
7-Eleven
Shops & Services
9,570 visits/mo
0.1 miles
Demographics for 98223, WA
45,139
Population
18,224
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
316.2 sq mi
ZIP Area
143
Density / Sq Mi
$96,478
Median Household Income
$52,487
Median Earnings
$1,780
Median Rent
$556,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Recently renovated retail/office space with flexible layout and excellent visibility.
Where is this retail space located?
The property is located at 20308 77th Ave NE Arlington, WA.
What are key features of this property?
This property features: Prime retail space in Downtown Arlington with excellent visibility and signage.; Recently renovated, including new HVAC units and roof.; Flexible, open layout suitable for boutique retail or office uses.
