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Rosevear Building 208 N H St 1,808 SF 55% Leased Office Building Aberdeen, WA 98520 $453,674 CAD ($250.93 CAD/SF) 6.86% Cap Rate
INVESTMENT HIGHLIGHTS
- Versatile two-story commercial building w/ apartment
- Owner financing is available.
- Formerly used as an engineer’s office, it offers flexible use options—ideal for a single tenant, multiple tenants, or as a live/workspace.
EXECUTIVE SUMMARY
This versatile two-story commercial building offers approximately 1,808 sq. ft. of space in a visible downtown location. The main level is currently a stylish hair salon and could be used for a variety of business uses. The upper level features a well-maintained 2-bedroom, 1-bath apartment, perfect for owner occupancy or additional rental income. This property features an attached one-car garage, seven dedicated parking stalls on the side of the building, and ample street parking nearby. The building was reroofed in 2023, and the exterior was repainted in 2025. The hair salon is currently on a month-to-month lease, and the apartment is vacant. The building was formerly used as an engineer’s office and offers flexible use options—ideal for a single tenant, multiple tenants, or as a live/workspace. Owner financing available.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$36,852
|
$20.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,843
|
$1.02
|
| Effective Gross Income |
$35,010
|
$19.36
|
| Taxes |
$2,086
|
$1.15
|
| Operating Expenses |
$1,817
|
$1.01
|
| Total Expenses |
$3,903
|
$2.16
|
| Net Operating Income |
$31,107
|
$17.21
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $36,852 |
| Annual Per SF | $20.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $1,843 |
| Annual Per SF | $1.02 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $35,010 |
| Annual Per SF | $19.36 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,086 |
| Annual Per SF | $1.15 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,817 |
| Annual Per SF | $1.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,903 |
| Annual Per SF | $2.16 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $31,107 |
| Annual Per SF | $17.21 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
1,808 SF
Building Class
C
Year Built/Renovated
1897/1982
Price
$453,674 CAD
Price Per SF
$250.93 CAD
Cap Rate
6.86%
NOI
$31,106 CAD
Percent Leased
55%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
904 SF
Building FAR
0.38
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
Commercial - The commercial designation provides for a wide variety of general service, retail, commercial, and storage that serves local and regional customers.
Parking
8 Spaces (4.42 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Apartment Renter
- -
- 808 SF
- $10.82 CAD
- -
- -
- Garage
- -
- 360 SF
- $60.30 CAD
- -
- -
- New Beginnings Hair Salon
- Services
- 1,000 SF
- $19.70 CAD
- Modified Gross
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Apartment Renter | - | 808 SF | $10.82 CAD | - | - | |
| Garage | - | 360 SF | $60.30 CAD | - | - | |
| New Beginnings Hair Salon | Services | 1,000 SF | $19.70 CAD | Modified Gross | - |
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Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 029300200701 | Total Assessment | $217,722 CAD |
| Land Assessment | $73,872 CAD | Annual Taxes | $2,086 CAD ($1.15 CAD/SF) |
| Improvements Assessment | $143,850 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
029300200701
Land Assessment
$73,872 CAD
Improvements Assessment
$143,850 CAD
Total Assessment
$217,722 CAD
Annual Taxes
$2,086 CAD ($1.15 CAD/SF)
Tax Year
2025
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Rosevear Building | 208 N H St
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