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213 E Washington St 6,604 SF 100% Leased Retail Building Sequim, WA 98382 $1,224,074 CAD ($185.35 CAD/SF) 8.57% Cap Rate
Investment Highlights
- Main artery through Sequim
- Parking spaces
- Corner property
Executive Summary
Excellent investment opportunity in ideal location, fully leased with long term tenants. High traffic along Sequim's busiest street (Washington St.) and on same block as US Post Office. Tenants: Edward Jones, La Petite Maison, Pedego Electric Bikes and Beal Carpet and Drapes. One tenant paying below market rent is month to month. Current Net income of $59,801. Parking lot with 14 dedicated spaces.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,604 SF
Building Class
C
Year Built
1940
Price
$1,224,074 CAD
Price Per SF
$185.35 CAD
Cap Rate
8.57%
NOI
$104,903 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
S_C-3
Parking
14 Spaces (2.12 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Beal Carpet & Drapery
- Retailer
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Beal Carpet & Drapery | Retailer | - | - | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22447 | Total Assessment | $549,124 CAD |
| Land Assessment | $263,278 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $285,845 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
22447
Land Assessment
$263,278 CAD
Improvements Assessment
$285,845 CAD
Total Assessment
$549,124 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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213 E Washington St
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