Downtown Office/Retail
D-809 W Main St Monroe, WA 98272
New
For Sale
$350,000
Remodeled office/retail condo with forced-air heating and cooling, leased within an HOA-managed downtown building.
Property Size1,100 SF
Price / SF$318.18
Days on Market6
Property Features for D-809 W Main St
General Information
Standard status
Active
Size
1,100 SF
Listing Agency:
Equality Realty
(206) 420-7490
Listed By:
Karim Ali
(206) 420-7490
Source:
Exprealty
Added: Jul 24
Changed: Jul 29
Last Checked: Jul 29 at 3:48AM
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 Equality Realty
Investment Insights
Based on property information with market context.
This office/retail condo is located within a downtown building and totals approximately 1,100 SF across Units D and G. The interior has been remodeled with laminate hardwood flooring, and the property includes forced-air heating and cooling. The building exterior features brick and concrete construction. Public water and sewer are available, along with electric and natural gas.
The property is situated just off Main Street in downtown Monroe, next to Frank Wagner Elementary. HOA responsibilities include building exterior, grounds, and parking, and the HOA covers water, sewer, garbage, and building insurance.
The space is currently leased, offering an investor or buyer an income-producing commercial unit in an owner-managed condo building.
The property is situated just off Main Street in downtown Monroe, next to Frank Wagner Elementary. HOA responsibilities include building exterior, grounds, and parking, and the HOA covers water, sewer, garbage, and building insurance.
The space is currently leased, offering an investor or buyer an income-producing commercial unit in an owner-managed condo building.
Key Highlights
- Office/retail condo in downtown Monroe, just off Main Street next to Frank Wagner Elementary
- Approximately 1,100 SF across Units D and G with a remodeled interior
- Laminate hardwood flooring and brick/concrete exterior
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 | $30.1k | $27.36 |
| − Vacancy | −$4.0k | −$3.61 |
| EGI | $26.1k | $23.75 |
| − OpEx | −$6.5k | −$5.94 |
| NOI | $19.6k | $17.81 |
1,100 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$279.9K
$244.9K – $326.5K
NOI $19,592 @ 7.0% cap · market cap 5.60%
Second Best
Retail
$221.4K
$193.8K – $258.4K
NOI $15,501 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$306.8K
$268.4K – $357.9K
NOI $21,474 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Remodeled office/retail condo with forced-air heating and cooling, leased within an HOA-managed downtown building.
Where is this office units located?
The property is located at D-809 W Main St Monroe, WA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Office/retail condo in downtown Monroe, just off Main Street next to Frank Wagner Elementary; Approximately 1,100 SF across Units D and G with a remodeled interior; Laminate hardwood flooring and brick/concrete exterior
