36916 SR 2, Sultan, WA 98294
2,087 SF retail building with highway frontage for sale.
- Added:
- Oct 24, 2024
- Days on Market:
- 599
- Last Refresh:
- May 19 at 10:34 pm
Property Features for 36916 SR 2
General Information
- Standard status
- Active
- Size
- 2,087 SF
- Lot size
- 0.30 Acres
- Property subtype
- RETAIL
Listing agent Fletcher Farrar (206) 787-1469
Listing office NWC-KV LLC (206) 787-1469
Listing date Oct 24, 2024
Source Moodyscre
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 NWC-KV LLC
HighLights
- Hwy‑2 Frontage for excellent visibility
- Vehicle Count: 14,000 Per Day, offering high exposure
- Land Size: 0.41 Acres (17,860 SF)
- Building Size: 2,087 SF
- Zoning: R‑5/RB
Overview
Local Financial Insights For Retail
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 | $45.1k | $21.60 |
| − Vacancy | −$3.1k | −$1.47 |
| EGI | $42.0k | $20.13 |
| − OpEx | −$12.6k | −$6.04 |
| NOI | $29.4k | $14.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sultan
- County
- Snohomish
- State
- Washington
- Longitude
- -121.737
- Latitude
- 47.867
