Retail Storefront with New
7705 204th St NE Arlington, WA 98223
For Sale
Contact for pricing
Well-maintained retail property with recent roof, upgraded air-conditioning, kitchen improvements, and ample parking.
Property Size8,450 SF
Price / SF$263.31
Days on Market184
Property Features for 7705 204th St NE
General Information
- Standard status
- Active
- Size
- 8,450 SF
- Property subtype
- RETAIL
Listing Agency:
RE/MAX Northwest Realtors
(425) 343-5288
Listed By:
Barbara Premo
(206) 595-6708
Source:
Moodyscre
Added: Jan 21
Changed: Jul 21
Last Checked: Jul 21 at 1:32AM
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
Investment Insights
Based on property information with market context.
This well-maintained retail storefront property includes approximately 8,450 square feet and features long-term tenants. The building has recently received a new roof, along with upgraded air-conditioning and kitchen improvements, supporting an easy-to-maintain, turnkey setup.
The property offers outstanding visibility and convenient access to surrounding amenities, with ample parking available for customers and guests. It is positioned in a rapidly growing area with numerous new apartment developments nearby, and downtown is described as being just minutes away.
The improvements and on-site parking make the property a practical option for investors seeking a stabilized retail asset in a growth-oriented market.
The property offers outstanding visibility and convenient access to surrounding amenities, with ample parking available for customers and guests. It is positioned in a rapidly growing area with numerous new apartment developments nearby, and downtown is described as being just minutes away.
The improvements and on-site parking make the property a practical option for investors seeking a stabilized retail asset in a growth-oriented market.
Key Highlights
- 8,450 sq. ft. commercial retail building
- Recently received a new roof
- Upgraded air‑conditioning
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 |
8,450 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $119,076 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,959 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Safeway, 20500 Olympic Pl NE, Arlington, WA 98223-5094
FAQs
What type of property is this?
Shopping center - Well-maintained retail property with recent roof, upgraded air-conditioning, kitchen improvements, and ample parking.
Where is this shopping center located?
The property is located at 7705 204th St NE Arlington, WA.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: 8,450 sq. ft. commercial retail building; Recently received a new roof; Upgraded air‑conditioning
