Versatile Commercial Property with
411 Highbank Road Sultan, WA 98294
411 Highbank Road, Sultan, WA, 98294
$875,000
For Sale
$875,000
Office, shop, and fenced yard with development potential.
Property Size2,000 SF
Lot Size1.06 Acres
Price / SF$437.50
Days on Market476
Property Features for 411 Highbank Road
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 1.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
EXP REALTY
(888) 317-5197
Listed by
DAVE ELMORE
Source
Corcoran
Added: Apr 2, 2025 Updated: Jul 6 at 10:00AM Checked: Jul 21 at 5:32AM
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 EXP REALTY
Investment Insights
Based on property information with market context.
This commercial property offers a range of features suitable for various buyers. The front office building provides 2,000 finished square feet across two floors. The first floor is ADA accessible and includes two private offices, a full kitchen, a full bathroom, and a conference room. The second floor features two private offices, a break/conference room with a sink, and a second bathroom. This building is plumbed for a tankless water heater and LP, and it has a 200 amp panel. The main shop provides 1,800 square feet of space with an additional 200 square foot loft and a bathroom, and it is serviced by a 200 amp panel. The upper yard is fully fenced and includes a 50'x20' covered carport, an additional 200 amp service panel, and an attached 12'x30' carport. The property is zoned ED (economical development), allowing for a wide range of future uses.
Key Highlights
- Zoned ED (Economic Development) offering a wide range of future uses.
- 2,000 sqft office building with ADA accessibility on the 1st floor, multiple private offices, full kitchen, full bath, and conference room.
- 1,800 sqft main shop with a 200 sqft loft and bathroom.
Local Financial Insights For Office B
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 | $54.7k | $27.36 |
| − Vacancy | −$7.2k | −$3.61 |
| EGI | $47.5k | $23.75 |
| − OpEx | −$11.9k | −$5.94 |
| NOI | $35.6k | $17.81 |
2,000 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$508.9K
$445.3K – $593.7K
NOI $35,623 @ 7.0% cap · market cap 4.07%
Second Best
Flex RnD
$322.2K
$281.9K – $375.9K
NOI $22,553 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$557.8K
$488.1K – $650.7K
NOI $39,044 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office, shop, and fenced yard with development potential.
Where is this office building located?
The property is located at 411 Highbank Road Sultan, WA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Zoned ED (Economic Development) offering a wide range of future uses.; **2,000 sqft office building with ADA accessibility on the 1st floor**, multiple private offices, full kitchen, full bath, and conference room.; 1,800 sqft main shop with a 200 sqft loft and bathroom.
