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14965 W Bow Hill Rd 8,718 SF 100% Leased Retail Building Bow, WA 98232 $2,170,000 ($248.91/SF) 7.07% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Community Hub
  • Recently Renovated
  • High Traffic Area
  • Single Family Home could be Office or Retail

EXECUTIVE SUMMARY

Emerald Flats – Prime Mixed-Use Assemblage. Three high-visibility parcels at Bow Hill Rd & Chuckanut Dr. Income-producing with 11 tenants: Restaurant $5,000/mo, Drive-Thru Espresso $1,000/mo, 2-Bedroom Home $2,340/mo, 7-Unit Commercial/Multi-Family (5 Salon Studios, 2 Apartments) $5,925/mo, total $13,265/mo. Huge parking area allows potential 6,000 SQFT new structure (Commercial, Storage Condos, Multi-Family, or Residential). Priced as package; parcels may sell separately.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $173,580 $19.91
Other Income - -
Vacancy Loss $1,735 $0.20
Effective Gross Income $171,845 $19.71
Taxes - -
Operating Expenses - -
Total Expenses $17,689 $2.03
Net Operating Income $154,156 $17.68

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $173,580
Annual Per SF $19.91
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $1,735
Annual Per SF $0.20
Effective Gross Income
Annual $171,845
Annual Per SF $19.71
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $17,689
Annual Per SF $2.03
Net Operating Income
Annual $154,156
Annual Per SF $17.68

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
8,718 SF
Building Class
B
Year Built
1959
Price
$2,170,000
Price Per SF
$248.91
Cap Rate
7.07%
NOI
$153,491
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.67
Lot Size
0.30 AC
Zoning
Commercial Center - Zoned Commercial Center.
Parking
53 Spaces (6.08 Spaces per 1,000 SF Leased)

AMENITIES

  • Restaurant
  • Signage
  • Drive Thru
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • P48583
  • P48572
Land Assessment
$557,300 (2025)
Improvements Assessment
$494,200 (2025)
Total Assessment
$1,051,500 (2025)
  • Listing ID: 36633736

  • Date on Market: 7/7/2025

  • Last Updated:

  • Address: 14965 W Bow Hill Rd, Bow, WA 98232

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