Sultan Commercial Property with
For Sale
$1,350,000
Pending
609 Main Street, Sultan, WA 98294
Versatile commercial property with shop space and residential units.
Property Size4,662 SF
Lot Size0.31 Acres
Days on Market323
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 #98322AB
Source:
Corcoran
Added: Sep 11, 2025
Changed: Jul 10
Last Checked: Jul 29 at 10:42AM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98294, WA
7,494
Population
3,144
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
86%
High-School Grad
54.2 sq mi
ZIP Area
138
Density / Sq Mi
$87,981
Median Household Income
$51,875
Median Earnings
$1,533
Median Rent
$462,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fix Auto Dent — 30331 US-2, Sultan, WA 98294
- Divers Street Rods — 509 W Stevens Ave, Sultan, WA 98294
- LeMaster Auto Body — 811 Main St, Sultan, WA 98294
- DND Glass Inc — 306 Main St, Sultan, WA 98294
- Wagley Creek Automotive — 1120 E Stevens Ave, Sultan, WA 98294
Frequently Asked Questions
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.
