Technical
Financial
Distress signals
Property profile

1626 Cole St Enumclaw, WA 98022

OFF-MARKET
Commercial land
Property ID
US90-1900748
0.23 ac lot
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.23 ac (10,000 SF)
Zoning code CB2
APN 236180-0325
UPID US90-1900748

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1626 Cole St Enumclaw, WA 98022-3508
Enumclaw metro Census 31400 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2024
Price N/A
2015
$230,000
2012
Price N/A
2006
$250,000

Zoning & alternative use

CB2 · Enumclaw, WA
Zoning description

The CB-2 central business district is intended to promote Central Business

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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