Flex Space with Retail
2902 Hewitt Ave Everett, WA 98201
2902 Hewitt Ave, Everett, WA, 98201
Contact for pricing
For Sale
Contact for pricing
Flex space built in 2000 with retail frontage, one grade-level roll-up door, and nine dedicated parking stalls.
Property Size4,158 SF
Lot Size0.36 Acres
Price / SF$312.65
Days on Market162
Property Features for 2902 Hewitt Ave
General Information
- Standard status
- Active
- Size
- 4,158 SF
- Lot size
- 0.36 Acres
- Property subtype
- INDUSTRIAL
Listing agency
NAI Puget Sound Properties
(425) 652-1722
Listed by
Blake Stedman · License #WA2495
(425) 652-1722
Source
Moodyscre
Added: Feb 10 Updated: Jul 21 at 2:54PM Checked: Jul 21 at 2:54PM
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
Investment Insights
Based on property information with market context.
This flex space was built in 2000 and sits on a 15,682 SF lot. The property is zoned Mixed-Use 7 and includes one grade-level roll-up door for loading and access, along with nine dedicated parking stalls.
The site offers high visibility and easy access, with retail frontage and proximity to major transportation corridors, located one block from I-5 and Hwy-2. The property is available 04/2026.
For sale, this combination of retail frontage and light warehouse functionality can support a range of owner-occupied and business uses that need both storefront presence and straightforward loading access.
The site offers high visibility and easy access, with retail frontage and proximity to major transportation corridors, located one block from I-5 and Hwy-2. The property is available 04/2026.
For sale, this combination of retail frontage and light warehouse functionality can support a range of owner-occupied and business uses that need both storefront presence and straightforward loading access.
Key Highlights
- Flex space built in 2000 with 15,682 SF lot size
- Mixed‑Use 7 zoning and retail frontage
- 1 grade‑level roll‑up door with loading
Local Financial Insights For Flex RnD
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 | $104.8k | $25.20 |
| − Vacancy | −$8.4k | −$2.02 |
| EGI | $96.4k | $23.18 |
| − OpEx | −$33.7k | −$8.11 |
| NOI | $62.7k | $15.07 |
4,158 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$895.1K
$783.2K – $1.04M
NOI $62,659 @ 7.0% cap · market cap 4.82%
Second Best
Retail
$857.7K
$750.5K – $1.00M
NOI $60,040 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,343 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Day Wireless Systems
Telecommunications Service
Similar For Sale Nearby
Similar Off Market Nearby
- PupuserÃa Ana Food truck — 3027 Broadway, Everett, WA 98201
FAQs
What type of property is this?
Flex space - Flex space built in 2000 with retail frontage, one grade-level roll-up door, and nine dedicated parking stalls.
Where is this flex space located?
The property is located at 2902 Hewitt Ave Everett, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Flex space built in 2000 with 15,682 SF lot size; Mixed‑Use 7 zoning and retail frontage; 1 grade‑level roll‑up door with loading
