Corner Restaurant
For Sale
Contact for pricing
4830 Evergreen Way, Everett, WA 98203
Located on a commercial corridor near QFC, Ace Hardware, and Harbor Freight.
Property Size1,333 SF
Price / SF$581.40
Days on Market294
Property Features for 4830 Evergreen Way
General Information
Standard status
Active
Size
1,333 SF
Total Parking Spaces
20
Property subtype
RETAIL
Building Details
Parking Ratio
15 per 1,000 SF
Listing Agency:
CBRE
(206) 292-1600
Listed By:
Dino Christophilis · License #24717
(206) 595-5752
Source:
Moodyscre
Added: Jan 1
Changed: Oct 11
Last Checked: Oct 20 at 8:44PM
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 CBRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,333-square-foot conventional restaurant occupies a corner site along Evergreen Way in Everett, Washington. The property includes on-site parking with 20 stalls.
The location is positioned within a primary commercial corridor near QFC, Ace Hardware, and Harbor Freight. The address is 4830 Evergreen Way, Everett, WA 98203.
The location is positioned within a primary commercial corridor near QFC, Ace Hardware, and Harbor Freight. The address is 4830 Evergreen Way, Everett, WA 98203.
Key Highlights
- 1,333‑square‑foot conventional restaurant property
- Corner site along Evergreen Way
- 20 on‑site parking stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,883
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,660
$437.7K
Cap Rate 7%
$312,614
$312.6K
Cap Rate 9%
$243,144
$243.1K
Market Conditions
NOI Build-Up for 1,333 SF
Gross rent
$30.4K $22.80/SF
− Vacancy
−$1.2K −$0.91/SF
EGI
$29.2K $21.89/SF
− OpEx
−$7.3K −$5.47/SF
NOI
$21.9K $16.42/SF
Area
Everett, WA
Vacancy
4.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,660
Cap Rate 7%
$312,614
Cap Rate 9%
$243,144
Alternative Uses
Best Use
Specialty Retail
$312.6K
$273.5K – $364.7K
NOI $21,883 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.2K
$386.1K – $514.8K
NOI $30,886 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98203, WA
37,491
Population
14,848
Households
2.5
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
11.8 sq mi
ZIP Area
3,177
Density / Sq Mi
$101,505
Median Household Income
$55,176
Median Earnings
$1,761
Median Rent
$575,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- King Buffet — 5313 Evergreen Wy, Everett, WA 98203
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Located on a commercial corridor near QFC, Ace Hardware, and Harbor Freight.
Where is this conventional restaurant located?
The property is located at 4830 Evergreen Way Everett, WA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1,333‑square‑foot conventional restaurant property; Corner site along Evergreen Way; 20 on‑site parking stalls
