Sultan Commercial Property with
609 Main Street Sultan, WA 98294
609 Main Street, Sultan, WA, 98294
$1,350,000
Pending
For Sale
$1,350,000
Pending
Versatile commercial property with shop space and residential units.
Property Size4,662 SF
Lot Size0.31 Acres
Days on Market313
Property Features for 609 Main Street
General Information
- Standard status
- Pending
- Size
- 4,662 SF
- Lot size
- 0.31 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing Agency
WINDERMERE REAL ESTATE/HLC
(425) 483-5100
Listed by
AARON W ZEHM · License #WA 98322AB
Source
Corcoran
Added: Sep 11, 2025 Checked: Jul 20 at 4:10 am
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 WINDERMERE REAL ESTATE/HLC
Investment Insights
Based on property information with market context.
This commercial property, updated and expanded in 2014, is located in Sultan, Washington. The building offers approximately 4,662 square feet of space. Currently configured as an auto shop, the property includes four garage doors and more than seven bays, along with a reception area, offices, storage space, and shop space. The zoning allows for a variety of uses. The property also features one 2-bedroom apartment and one 1-bedroom apartment located above the shop space, providing live/work flexibility or the potential for rental income. The property benefits from excellent visibility on Main Street and is situated one block from Highway 522, in a growing community positioned for business expansion. Shop equipment is negotiable.
Key Highlights
- Versatile commercial property with approx. 4,662 SF of shop/office space.
- Two apartments (2‑bedroom and 1‑bedroom) offer live/work options or rental income.
- Excellent visibility on Main St, one block from Hwy 522.
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 | $127.6k | $27.36 |
| − Vacancy | −$16.8k | −$3.61 |
| EGI | $110.7k | $23.75 |
| − OpEx | −$27.7k | −$5.94 |
| NOI | $83.0k | $17.81 |
4,662 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.38M
NOI $83,037 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$938.5K
$821.2K – $1.09M
NOI $65,696 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,011 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- K&R Towing — 122 S Sultan Basin Rd, Sultan, WA 98294
- LeMaster Auto Body — 811 Main St, Sultan, WA 98294
- DND Glass Inc — 306 Main St, Sultan, WA 98294
- Avery Automotive — 32623 149th Ave SE, Sultan, WA 98294
- Wagley Creek Automotive — 1120 E Stevens Ave, Sultan, WA 98294
FAQs
What type of property is this?
Auto shop - Versatile commercial property with shop space and residential units.
Where is this auto shop located?
The property is located at 609 Main Street Sultan, WA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Versatile commercial property with approx. 4,662 SF of shop/office space.; Two apartments (2‑bedroom and 1‑bedroom) offer live/work options or rental income.; Excellent visibility on Main St, one block from Hwy 522.
