Multi-Tenant Retail
For Sale
Contact for pricing
702 Metcalf St, Sedro Woolley, WA 98284
Downtown commercial property with multiple tenant spaces and CBD zoning along a main street.
Property Size8,030 SF
Lot Size0.27 Acres
Price / SF$155.67
Days on Market52
Property Features for 702 Metcalf St
General Information
Standard status
Active
Size
8,030 SF
Lot size
0.27 Acres
Property subtype
RETAIL
Zoning
CBD
Net Operating Income
$81,504
Additional Details
Cap Rate
6.5%
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Learned Commercial, Inc.
(360) 757-3888
Listed By:
Clay Learned · License #8418
(360) 770-1388
Source:
Moodyscre
Added: Sep 2
Changed: Oct 11
Last Checked: Oct 21 at 12:14AM
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 Learned Commercial, Inc.
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Investment Insights
Based on property information with market context.
This multi-tenant retail property contains approximately 8,030 square feet within a building on 0.27 acres. The configuration supports multiple occupant spaces, while the CBD zoning places the property within the Central Business District framework.
Located at 702 Metcalf St in downtown Sedro-Woolley, the property fronts the community’s main street and offers a central setting for retail-oriented commercial use. The asset is identified as a retail space and is offered for sale with a reported 6.5% cap rate.
Located at 702 Metcalf St in downtown Sedro-Woolley, the property fronts the community’s main street and offers a central setting for retail-oriented commercial use. The asset is identified as a retail space and is offered for sale with a reported 6.5% cap rate.
Key Highlights
- 8,030 +/- sf multi‑tenant building
- Situated on 0.27 +/- acres
- Located on main street in downtown Sedro Woolley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,803
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,060
$1.4M
Cap Rate 7%
$968,614
$968.6K
Cap Rate 9%
$753,367
$753.4K
Market Conditions
NOI Build-Up for 8,030 SF
Gross rent
$98.3K $12.24/SF
− Vacancy
−$1.4K −$0.18/SF
EGI
$96.9K $12.06/SF
− OpEx
−$29.1K −$3.62/SF
NOI
$67.8K $8.44/SF
Area
Skagit County, WA
Vacancy
1.45%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,060
Cap Rate 7%
$968,614
Cap Rate 9%
$753,367
Alternative Uses
Best Use
Retail
$968.6K
$847.5K – $1.13M
NOI $67,803 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,611 @ 7.0% cap · market cap 18.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Burger King
Dining
10,303 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
5,382 visits/mo
0.5 miles
Les Schwab Tire Center
Shops & Services
3,284 visits/mo
0.3 miles
Domino's Pizza
Dining
2,934 visits/mo
0.0 miles
Iron Skillet
Dining
2,010 visits/mo
0.2 miles
Demographics for 98284, WA
27,293
Population
11,095
Households
2.5
Avg Household Size
39
Median Age
20%
College-Educated
89%
High-School Grad
281.3 sq mi
ZIP Area
97
Density / Sq Mi
$82,097
Median Household Income
$50,074
Median Earnings
$1,476
Median Rent
$427,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Downtown commercial property with multiple tenant spaces and CBD zoning along a main street.
Where is this retail space located?
The property is located at 702 Metcalf St Sedro Woolley, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8,030 +/- sf multi‑tenant building; Situated on 0.27 +/- acres; Located on main street in downtown Sedro Woolley
