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Property profile & analytics
FOR SALE
Grocery and convenience stores

3530 NE Old Belfair Hwy Belfair, WA 98528

2,000 SF 1.75 ac lot Built 1968
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US90-0591138
Property summary
AI-generated overview

This exceptional retail investment opportunity encompasses a thriving convenience store and gas station situated on 1.75 acres in Belfair, WA. The property boasts 7,481 square feet of space, including two buildings, a spacious lot with 32 parking spaces, and 192 feet of road frontage on the heavily trafficked Old Belfair Highway. Built in 1968 and renovated in 1972, the property includes a full-service convenience store, three finished shops, storage, laundry, office, and training spaces. Additional amenities include a picnic area, private yard, covered entertaining area, and creek access. The gas station features 3,000 gallons of non-ethanol and 2,500 gallons of unleaded fuel tank capacity (no diesel), with tanks recently tested. The property also includes a hidden apartment-style living space, ideal for an owner-operator or for lease. Long-term tenants occupy a separate building on the property. The convenience store offers a wide array of products, including ice cream, firewood, cigarettes, wine & beer, homemade sandwiches, lottery tickets, ice, and an ATM. Private postal boxes are available, along with Amazon and UPS deliveries. The property benefits from exceptional dual pylon signage and pull-through access for large vehicles. The asking price is $2,600,000, representing a price per square foot of $347.55. This turnkey operation presents a significant opportunity for growth, with potential for additional income streams through propane sales. The property's prime location in a rapidly growing market, combined with its diverse revenue streams and established customer base, makes it an attractive investment. Showings are by appointment only.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1968
Total area 2,000 SF
Lot 1.75 ac (76,230 SF)
APN 12309-41-00150
UPID US90-0591138
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Primerica Insurance Agency
  • Bear Creek Country Store Grocery & Convenience Store Food Market
  • Northwest Bronze Tanning Salon
  • Stephanie Marie Dormann: Primerica - Financial Services Financial Advisor
  • Spirit Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Stephen A Cagwin · 18 yrs held
Stephen A Cagwin
since 2008
6 recorded transactions
2018
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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