Stabilized Mixed-Use Downtown
830 2ND Snohomish, WA 98290
830 2ND, Snohomish, WA, 98290
$1,800,000
For Sale
$1,800,000
Mixed-use property with leased office, warehouse, storage, and two apartments above, plus a separate 1910-built house.
Property Size6,916 SF
Price / SF$260.27
Days on Market31
Property Features for 830 2ND
General Information
- Standard status
- Active
- Size
- 6,916 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1935
Listing agency
Dave Nelson Real Estate
Listed by
David L. Nelson
(360) 568-3105
Source
Century21northhomes
Added: Jun 22 Updated: Jul 21 at 7:44PM Checked: Jul 21 at 7:44PM
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 Dave Nelson Real Estate
Investment Insights
Based on property information with market context.
This for-sale mixed-use property includes a commercial building with approximately 2,393 square feet of office space, approximately 1,163 square feet of warehouse space, and approximately 313 square feet of additional storage with convenient rear garage-door access. The commercial space is topped by two residential apartments, each about 900 square feet, providing an on-site residential component above the income-producing ground-level uses.
An updated separate house originally built in 1910 is also included, offering flexibility for continued residential use or office occupancy. The property is located on 2nd Street in downtown Snohomish, with both street parking and on-site parking available.
The property is described as fully leased and generating approximately $12,759 per month in rental income.
An updated separate house originally built in 1910 is also included, offering flexibility for continued residential use or office occupancy. The property is located on 2nd Street in downtown Snohomish, with both street parking and on-site parking available.
The property is described as fully leased and generating approximately $12,759 per month in rental income.
Key Highlights
- Mixed‑use property in historic downtown Snohomish with office, warehouse, storage, and two apartments above the commercial space
- Commercial areas total approx. 2,393 SF office, 1,163 SF warehouse, and 313 SF additional storage with rear garage‑door access
- Two residential apartments above the commercial space, each approx. 900 SF (1,800 SF total)
Local 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 | $189.2k | $27.36 |
| − Vacancy | −$25.0k | −$3.61 |
| EGI | $164.2k | $23.75 |
| − OpEx | −$41.1k | −$5.94 |
| NOI | $123.2k | $17.81 |
6,916 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $123,183 @ 7.0% cap · market cap 6.84%
Second Best
Multifamily LT 5
$1.65M
$1.44M – $1.92M
NOI $115,288 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,013 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with leased office, warehouse, storage, and two apartments above, plus a separate 1910-built house.
Where is this mixed-use property located?
The property is located at 830 2ND Snohomish, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Mixed‑use property in historic downtown Snohomish with office, warehouse, storage, and two apartments above the commercial space; Commercial areas total approx. 2,393 SF office, 1,163 SF warehouse, and 313 SF additional storage with rear garage‑door access; Two residential apartments above the commercial space, each approx. 900 SF (1,800 SF total)
