Grocery Store with Second-Floor
For Sale
Contact for pricing
814 Lincoln St, Hoquiam, WA 98550
Grocery store on three parcels with off-street parking and a second-floor 2 bed, 2 bath residence, plus included trade fixtures.
Property Size3,990 SF
Price / SF$150.35
Days on Market51
Property Features for 814 Lincoln St
General Information
Standard status
Active
Size
3,990 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Road Access
Yes
Listing Agency:
Premier Realty Grays Harbor, LLC
(360) 533-1900
Listed By:
Harley Greninger · License #2750
(360) 580-7273
Source:
Moodyscre
Added: Jul 24
Changed: Sep 7
Last Checked: Sep 12 at 3:15PM
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 Premier Realty Grays Harbor, LLC
Investment Insights
Based on property information with market context.
The Lincoln Street Grocery is offered on three parcels, providing off-street parking and additional space described as suitable for expansion. The retail operation includes multiple coolers and generators, along with signage and other trade fixtures.
The property is positioned on a street described as having very wide street shoulders, which may accommodate larger vehicles. A spacious 2 bedroom, 2 bath suite is located on the second floor above the store.
This is a turnkey-style offering for an operator seeking an established grocery/convenience format with on-site improvements and a residential component included in the same property footprint.
The property is positioned on a street described as having very wide street shoulders, which may accommodate larger vehicles. A spacious 2 bedroom, 2 bath suite is located on the second floor above the store.
This is a turnkey-style offering for an operator seeking an established grocery/convenience format with on-site improvements and a residential component included in the same property footprint.
Key Highlights
- Grocery store serving Hoquiam for over 60 years
- Property includes 3 parcels with ample off‑street parking
- Very wide street shoulders accommodate big rigs, including log trucks and other 18‑wheelers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,240
$963.2K
Cap Rate 7%
$688,029
$688.0K
Cap Rate 9%
$535,133
$535.1K
Market Conditions
NOI Build-Up for 3,990 SF
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.
Gross rent
$71.8K $18.00/SF
− Vacancy
−$3.0K −$0.76/SF
EGI
$68.8K $17.24/SF
− OpEx
−$20.6K −$5.17/SF
NOI
$48.2K $12.07/SF
Area
Grays Harbor County, WA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,240
Cap Rate 7%
$688,029
Cap Rate 9%
$535,133
Alternative Uses
Best Use
Specialty Retail
$884.6K
$774.0K – $1.03M
NOI $61,923 @ 7.0% cap · market cap 10.32%
Second Best
Retail
$688.0K
$602.0K – $802.7K
NOI $48,162 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$1.10M
$962.4K – $1.28M
NOI $76,991 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
13,222 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,249 visits/mo
0.4 miles
Demographics for 98550, WA
11,502
Population
5,373
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
92%
High-School Grad
266.0 sq mi
ZIP Area
43
Density / Sq Mi
$56,920
Median Household Income
$36,185
Median Earnings
$1,003
Median Rent
$212,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Grocery store on three parcels with off-street parking and a second-floor 2 bed, 2 bath residence, plus included trade fixtures.
Where is this grocery and convenience store located?
The property is located at 814 Lincoln St Hoquiam, WA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Grocery store serving Hoquiam for over 60 years; Property includes 3 parcels with ample off‑street parking; Very wide street shoulders accommodate big rigs, including log trucks and other 18‑wheelers
