Financial
Distress signals
Property profile

1602 Cole St Enumclaw, WA 98022

FOR LEASE
Retail space
Property ID
US90-0183626
5,750 SF 0.06 ac lot Built 1923
Last sale Oct 2023 · $1,300,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 1602 Cole St in downtown Enumclaw is a commercial space with approximately 1,500 square feet of interior area. It is configured to accommodate retail, office, or specialty use, with an adaptable layout intended to support flexible arrangements for day-to-day operations. The building is situated along the city’s primary commercial corridor, providing street frontage and visibility for customer-facing activities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$6k
Tax billed · 2022
Assessed value$657k
Assessed land$85k
Assessed improvement$572k
Effective rate0.91%

Value estimate

· Sep 2026
$1.30M
$1.17M – $1.43M
AI approach$1.30M
CAP approach$1.58M
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$1k
Operating expenses−$11k
NOI · 89,443.33% cap applied$27k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$392/SF
County average, outlier-cleaned · 399 recorded sales of this use type
Observed band · Q1–Q3$181 – $680
Qualifying comparables14

Cap rate analysis

How does the asset earn?
89,443.33%
$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CB2
The CB-2 central business district is intended to promote Central Business
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.2
Storage Facility10.9
Bakery10.8

Location

1602 Cole St Enumclaw, WA 98022
County assessor Recorded deeds · 6 transfers 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1605 Cole, Enumclaw, WA 98022-3509 $860,000 Dec 2025 5,088 SF
31302 354th, Enumclaw, WA 98022-7604 $700,000 Jan 2025 4,000 SF
907 Cole, Enumclaw, WA 98022-2542 $342,500 Apr 2022 6,768 SF
1343 Cole, Enumclaw, WA 98022-2654 $775,000 Jan 2020 7,724 SF
2415 Griffin, Enumclaw, WA 98022-2409 $3,300,000 Apr 2019 3,015 SF
1452 Cole, Enumclaw, WA 98022-3018 $175,000 Jan 2019 3,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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