Froso's
New
For Sale
Contact for pricing
314 State Avenue, Marysville, WA 98270
Restaurant property positioned on State Avenue in Marysville, Washington.
Property Size1,080 SF
Price / SF$162.04
Days on Market5
Property Features for 314 State Avenue
General Information
Standard status
Active
Size
1,080 SF
Total Parking Spaces
25
Property subtype
Retail, Business for Sale
Listing Agency:
CCM Commercial
Listed By:
Cal Mitchell · License #WA
Source:
Crexi
Added: Aug 29
Changed: Sep 1
Last Checked: Sep 1 at 10:23PM
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 CCM Commercial
Investment Insights
Based on property information with market context.
Froso's Restaurant is a 1,080-square-foot restaurant property at 314 State Avenue in Marysville, Washington. The asset is offered for sale and carries a conventional restaurant classification.
Key Highlights
- 1,080‑square‑foot restaurant property
- Located at 314 State Avenue, Marysville, WA 98270
- Offered for sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,219
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,380
$304.4K
Cap Rate 7%
$217,414
$217.4K
Cap Rate 9%
$169,100
$169.1K
Market Conditions
NOI Build-Up for 1,080 SF
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.
Gross rent
$23.3K $21.60/SF
− Vacancy
−$1.6K −$1.47/SF
EGI
$21.7K $20.13/SF
− OpEx
−$6.5K −$6.04/SF
NOI
$15.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,380
Cap Rate 7%
$217,414
Cap Rate 9%
$169,100
Alternative Uses
Best Use
Specialty Retail
$240.1K
$210.1K – $280.2K
NOI $16,809 @ 7.0% cap · market cap 9.61%
Second Best
Retail
$217.4K
$190.2K – $253.7K
NOI $15,219 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$301.2K
$263.6K – $351.4K
NOI $21,084 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
352k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 24%
Groceries 11%
Apparel 8%
McDonald's
Dining
48,234 visits/mo
0.4 miles
Albertsons
Groceries
38,600 visits/mo
0.1 miles
Burger King
Dining
23,050 visits/mo
0.1 miles
Staples
Office Supplies
21,048 visits/mo
0.1 miles
Wendy's
Dining
20,105 visits/mo
0.5 miles
Demographics for 98270, WA
51,969
Population
19,840
Households
2.6
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
3,634
Density / Sq Mi
$102,258
Median Household Income
$50,619
Median Earnings
$1,845
Median Rent
$540,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property positioned on State Avenue in Marysville, Washington.
Where is this conventional restaurant located?
The property is located at 314 State Avenue Marysville, WA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,080‑square‑foot restaurant property; Located at 314 State Avenue, Marysville, WA 98270; Offered for sale
