8030 Railroad SE Ave, Snoqualmie, WA 98065-5160
- Commercial real estate
- 8,100 SF
- 0.35 lot acres
Current Use by Public Records
- Snoqualmie Market / Grocery & Convenience Store / Food Market
- Love Bug Pet Boutique / (Bike/Boat/Book/etc) Store / Pet Store & Service
- Caadxi Oaxaca / Restaurant
Property Details for 8030 Railroad SE Ave
- Year built
- 1963
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.35 lot acres
- Zone code
- BR1
- Property type
- Commercial real estate
- APN
- 784920-0495
- APU
- 7849200495
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 26, 2018 | — | Bkp Property LLC | — | Deed · related | $1.2M · Qualstar Cu |
| Aug 11, 2017 | — | Bkp Property LLC | — | Deed · related | $500k · Qualstar Cu |
| Dec 2, 2016 | — | Bkp Property LLC | — | Deed · related | $775k · Qualstar Cu |
| Jun 6, 2014 | $721,000 | Bkp Property LLC | Eighty Thirty LLC | Warranty Deed | $795k · Unibank |
| Oct 20, 2003 | — | Eighty Thirty LLC | Kirkland,michael & Liliana | Quit Claim Deed · related | — |
| May 30, 2002 | $405,000 | Michael Kirkland | Gaub,wayne F | Grant Deed | $365k · Wayne F Gaub |
| — | — | Bkp Property LLC | — | Deed Of Trust · related | $1.2M · Qualstar Cu |
| — | — | Bkp Property LLC | — | Deed Of Trust · related | $200k · Qualstar Cu |
| — | — | Bkp Property LLC | — | Deed Of Trust · related | $775k · Qualstar Cu |
| — | — | Bkp Property LLC | — | Loan Modification · related | $500k · Qualstar Cu |
Description
This exceptional investment opportunity presents the Snoqualmie Market Retail Center, a 8,100 square foot retail property located at 8030 Railroad Ave, Snoqualmie, WA 98065. The property boasts 130 feet of frontage along Highway 202 and includes four tenants operating under NNN leases with a remaining term of five years. Currently operating at 100% occupancy, the center generates a Net Operating Income (NOI) of $155,930, representing a 6.30% cap rate. Pro-forma NOI is projected at $195,628, yielding a 7.90% cap rate. Built in 1963 and renovated in 1989, this single-story building sits on a 0.35-acre lot and features 16 dedicated parking spaces. The property is zoned BR1 and offers a compelling price per square foot of $305.56. The land value alone is $163.69 per square foot. The roof was replaced in 2017. This prime location benefits from proximity to Snoqualmie Falls, a major tourist attraction drawing over 1.5 million visitors annually. The property's strategic position provides significant visibility and accessibility. The asking price for this exceptional retail investment is $2,475,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Snoqualmie
- County
- King
- State
- Washington
- Longitude
- -121.825
- Latitude
- 47.5285
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
