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14969 W Bow Hill Rd 2,224 SF 100% Leased Retail Building Bow, WA 98232 $795,000 ($357.46/SF) 7.82% Cap Rate
Investment Highlights
- High Visibility
Executive Summary
Prime mixed-use package opportunity in the heart of Bow. Positioned at the high-exposure corner of Bow Hill Rd & Chuckanut Dr, this offering combines strong current income, future upside, and rare flexibility with both commercial and residential components under the same ownership. The commercial property includes Bow Kitchen Hub Restaurant & Bar, a drive-thru coffee stand, and upper-level flex space, producing $6,500/month in current income with the potential to reach $7,300/month after concessions. The building is well maintained with modern upgrades, appliances, indoor dining, and covered patio space, while the surrounding parcels create longer-term potential for expansion, redevelopment, or strategic hold. Included next door, 5502 Chuckanut Dr is currently rented at $2,400/month and offers an ideal complement for owner occupancy, home office use, added rental revenue, or a broader live/work investment strategy. Available separately or together, this is a rare chance to secure a larger foothold in one of the area’s most visible and desirable corridor locations, with seller motivation favoring a package sale.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,000
|
$32.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$32.37
|
| Taxes |
$2,398
|
$1.08
|
| Operating Expenses |
$7,432
|
$3.34
|
| Total Expenses |
$9,830
|
$4.42
|
| Net Operating Income |
$62,170
|
$27.95
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $32.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $32.37 |
| Taxes | |
|---|---|
| Annual | $2,398 |
| Annual Per SF | $1.08 |
| Operating Expenses | |
|---|---|
| Annual | $7,432 |
| Annual Per SF | $3.34 |
| Total Expenses | |
|---|---|
| Annual | $9,830 |
| Annual Per SF | $4.42 |
| Net Operating Income | |
|---|---|
| Annual | $62,170 |
| Annual Per SF | $27.95 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,224 SF
Building Class
C
Year Built/Renovated
1963/2007
Price
$795,000
Price Per SF
$357.46
Cap Rate
7.82%
NOI
$62,205
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.35 AC
Zoning
Rural Center
Amenities
- Restaurant
- Signage
- Wheelchair Accessible
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- MexiCraves
- Retailer
- -
- $21.81
- Triple Net
- Sep 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| MexiCraves | Retailer | - | $21.81 | Triple Net | Sep 2028 |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | P48583 | Total Assessment | $380,500 |
| Land Assessment | $174,100 | Annual Taxes | $2,398 ($1.08/SF) |
| Improvements Assessment | $206,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
P48583
Land Assessment
$174,100
Improvements Assessment
$206,400
Total Assessment
$380,500
Annual Taxes
$2,398 ($1.08/SF)
Tax Year
2025
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14969 W Bow Hill Rd
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