7705 204th St NE, Arlington, WA 98223
Well-maintained retail property with long-term tenants in a growing area.
- Added:
- Jan 22, 2026
- Days on Market:
- 138
- Last Refresh:
- Apr 5 at 8:25 pm
Property Features for 7705 204th St NE
General Information
- Standard status
- Active
- Size
- 8,450 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing agent BARBARA PREMO
Listing office RE/MAX NORTHWEST REALTORS (206) 595-6708
Listing date Jan 22, 2026
Source Corcoran
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 RE/MAX NORTHWEST REALTORS
HighLights
- High visibility in a rapidly growing area.
- Turnkey investment with long‑term tenants.
- Recent upgrades: new roof, upgraded A/C, and kitchen improvements.
- 8,450 sq. ft. of commercial retail space.
- Ample parking.
- Convenient access to surrounding amenities and downtown.
Overview
Local Financial Insights For Retail
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 | $182.5k | $21.60 |
| − Vacancy | −$12.4k | −$1.47 |
| EGI | $170.1k | $20.13 |
| − OpEx | −$51.0k | −$6.04 |
| NOI | $119.1k | $14.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Snohomish
- State
- Washington
- Longitude
- -122.1267693
- Latitude
- 48.1812186
