Downtown Stanwood Office with
For Sale
$465,000
Pending
9527 271st St NW, Stanwood, WA 98292
Turnkey office building in downtown Stanwood with ample parking.
Property Size1,225 SF
Days on Market510
Property Features for 9527 271st St NW
General Information
Standard status
Pending
Size
1,225 SF
Property subtype
Commercial
Building Details
Year Built
1947
Listing Agency:
MAGNIFY REALTY
Listed By:
JOHN WESTON
Source:
Corcoran
Added: Apr 11, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:35AM
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 MAGNIFY REALTY
Investment Insights
Based on property information with market context.
Located in downtown Stanwood, this property features a large, level lot with considerable parking suitable for clients, equipment, or personnel. The building has fresh exterior paint and a metal roof. Carport parking is available, along with an attached garage exceeding 300 square feet. The property offers 100 feet of street frontage and is fully handicap accessible, with privacy in the surrounding back and side areas. The interior has been remodeled and updated, including a lobby, four offices, a conference room, a kitchen, a bathroom, and a flex area with washer/dryer hookups. Newer interior paint, carpet, internet cables, and electrical have been added. The property is zoned MB2, allowing for various investment opportunities.
Key Highlights
- Prime downtown Stanwood location with HIGH VISIBILITY (100 ft street frontage).
- Zoned MB2, offering diverse investment and business opportunities.
- Large, level lot with considerable parking for clients/personnel.
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
$21,819
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
4.69%
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%
$436,380
$436.4K
Cap Rate 7%
$311,700
$311.7K
Cap Rate 9%
$242,433
$242.4K
Market Conditions
NOI Build-Up for 1,225 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
$33.5K $27.36/SF
− Vacancy
−$4.4K −$3.61/SF
EGI
$29.1K $23.75/SF
− OpEx
−$7.3K −$5.94/SF
NOI
$21.8K $17.81/SF
Area
Snohomish County, WA
Vacancy
13.20%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
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%
$436,380
Cap Rate 7%
$311,700
Cap Rate 9%
$242,433
Alternative Uses
Best Use
Office B
$311.7K
$272.7K – $363.7K
NOI $21,819 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$341.6K
$298.9K – $398.6K
NOI $23,914 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Explore this area
Business Placement
Demographics for 98292, WA
24,098
Population
10,110
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
76.8 sq mi
ZIP Area
314
Density / Sq Mi
$101,161
Median Household Income
$58,585
Median Earnings
$1,691
Median Rent
$610,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey office building in downtown Stanwood with ample parking.
Where is this office units located?
The property is located at 9527 271st St NW Stanwood, WA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime downtown Stanwood location with HIGH VISIBILITY (100 ft street frontage).; Zoned MB2, offering diverse investment and business opportunities.; Large, level lot with considerable parking for clients/personnel.
