1626 Cole St Enumclaw, WA 98022-3508
This exceptional 1,000-square-foot Class A office space presents a unique investment opportunity in the heart of Enumclaw. Located on a 0.23-acre lot at the intersection of Cole Street and Myrtle Avenue, this single-tenant building is a new construction project awaiting permits for a Q1 2023 start. The building is zoned CB-2, offering a wide range of permitted uses, including but not limited to: bakeries, retail, catering services, professional institutions, data processing centers, laboratories, medical and dental offices, printing and publishing, pharmacies (excluding medical dispensaries), professional offices and clinics for licensed practitioners, insurance, lumber, and real estate offices, travel agencies, and the sale of surgical, medical, and dental supplies and equipment. The initial build-out plan envisions approximately 1,000 square feet of "grey box" space, complemented by an additional 1,000 square feet dedicated to reception, restrooms, a breakroom, and conference rooms. Tenant improvements (TI) are to be negotiated. Net, Net, Net (NNN) lease terms will be determined upon building completion, with a per-square-foot-per-year (SFPY) rental rate set at market value. This property boasts convenient access to Cole Street and Myrtle Avenue, placing it within easy reach of the Enumclaw Library and a variety of local businesses. Its central location offers unparalleled business visibility and accessibility. Don't miss this chance to establish your business in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB2 · Enumclaw, WAEnumclaw. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.