Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Historic Theater in Eatonville Title is generated by Realmo AI

    115 Mashell Ave S, Eatonville, WA 98328

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Eatonville's historic movie theater for sale, business included.

    Type:Retail
    Property size:
    3,910 SF
    Price / SF:
    $127/SF
    Added:
    Oct 17, 2022
    Days on Market:
    1325
    Last Refresh:
    May 19 at 10:22 pm

    Property Features for 115 Mashell Ave S

    General Information

    Standard status
    Active
    Size
    3,910 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1942

    We can help!

    Listing Contact
    Christine Baumann

    Listing agent Christine Baumann License #WA

    Listing office John L. Scott Puyallup S. Hill

    Listing date Oct 17, 2022

    Source Crexi

    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 John L. Scott Puyallup S. Hill

    HighLights

    • Historic movie theater with art deco ambiance
    • Includes both the business and commercial space
    • Suitable for birthday parties and special events
    • Opportunity to repurpose the space for a new business
    • Located in Eatonville
    • Timeless brick facade

    Overview

    This historic movie theater is located in Eatonville. The property features a brick facade and Art Deco style ambiance. The property is suitable for birthday parties and special events. The sale includes both the business and the commercial space. The 3,910 square-foot property can continue to be used as a theater or be utilized for other business purposes.

    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 $56.3k $14.40
    − Vacancy −$7.9k −$2.02
    EGI $48.4k $12.38
    − OpEx −$14.5k −$3.72
    NOI $33.9k $8.67
    3,910 SF · lease $14.40/SF/yr · vacancy 14.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $484.2K
    $423.7K – $564.9K (±1% cap)
    NOI $33,895 @ 7.0% cap · market cap 6.79%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.06M
    $924.0K – $1.23M (±1% cap)
    NOI $73,923 @ 7.0% cap · market cap 14.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Theaters & concert halls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eatonville
    County
    Pierce
    State
    Washington
    Longitude
    -122.2664251
    Latitude
    46.8666303

    Nearby Similar for Sale

    • $450,000
      2,505 SF

      Turnkey Aircraft Hangar in Eatonville

      Functional aircraft hangar with customizable space for aviation or distribution.
      163 Reagan Ln, Eatonville, WA 98328
      View Details
    • $1,550,000
      3,380 SF

      High Visibility Mixed-Use Property

      7.1 acre mixed-use property with income potential and views.
      5215 365th Street Ct E, Eatonville, WA 98328
      View Details
    • $450,000
      2,228 SF

      Turnkey Aircraft Hangar in Eatonville

      Functional aircraft hangar with customizable space for aviation or distribution.
      163 Reagan Lane #4 & 5, Eatonville, WA 98328
      View Details
    • $1,550,000

      Versatile Mixed-Use Property with Income

      7.1-acre mixed-use property with multiple buildings and income potential.
      36510 Mountain Hwy E, Eatonville, WA
      View Details
    • $399,950

      Downtown Eatonville Commercial Building For Sale

      Commercial building in the heart of Eatonville, WA.
      121 Mashell Avenue N, Eatonville, WA 98328
      View Details
    • $1,250,000
      1,665 SF

      Private 40-Acre Country Retreat

      Picturesque farm with updated home, agricultural land, and functional space.
      9715 381st Street E #A, Eatonville, WA 98328
      View Details
    • $849,000
      986 SF

      Eatonville Acreage with Mountain Views

      33-acre property with home, pasture, and mountain views.
      39411 Mountain Highway East, Eatonville, WA 98328
      View Details
    • $346,500
      3,360 SF

      Eatonville Hangar with Buildable Lot

      Hangar at Eatonville (2W3) with option to build a home.
      425 Jet St E, Eatonville, WA 98328
      View Details
    • $650,000

      Swanson Airfield Adjacent Land

      Two-acre lot near Swanson Airfield with multi-use development potential.
      163 Reagan Lane #0, Eatonville, WA 98328
      View Details
    • $400,000

      Eatonville Restaurant with Drive-Through

      Turnkey restaurant opportunity in downtown Eatonville with indoor/outdoor dining.
      209 Center Street E, Eatonville, WA 98328
      View Details
    • $499,000
      3,900 SF

      Historic Roxy Theater with Potential

      Historic theater in downtown Eatonville with many potential uses.
      115 Mashell Avenue S, Eatonville, WA 98328
      View Details
    • $499,000

      Historic Movie Theater For Sale

      Historic movie theater with business opportunity in Eatonville, Washington.
      115 Mashell Avenue S, Eatonville, WA 98328
      View Details

    FAQs

    What type of property is this?
    Theater & concert hall - Eatonville's historic movie theater for sale, business included.
    Where is this theater & concert hall located?
    The property is located at 115 Mashell Ave S Eatonville, WA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Historic movie theater with art deco ambiance; Includes both the business and commercial space; Suitable for birthday parties and special events
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christine Baumann
    Real Estate License ID: WA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    115 Mashell Ave S, Eatonville, WA 98328
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!