Silver Pond Medical Center
10101 19th Ave SE, Everett, WA 98208
For Sale
$2,200,000
Pending
Fully leased medical office building in South Everett's Silver Lake.
Property Size5,815 SF
Days on Market448
Property Features for 10101 19th Ave SE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Listed By:
STUART WILLIAMS
(425) 417-5078
Source:
Corcoran
Added: Aug 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Silver Pond Medical Center is a fully leased medical office investment located in the Silver Lake submarket of South Everett. Constructed in 2004, the property features a 5,815 square foot medical office building on a 34,000 square foot parcel. The building offers visibility and access along 19th Ave SE. It benefits from low deferred maintenance and flexible floor plates suitable for medical or wellness use. There are 45 surface parking stalls, providing a parking ratio of 7.7 spaces per 1,000 square feet.
Key Highlights
- Fully leased medical office investment property.
- Excellent visibility and access along 19th Ave SE.
- Low deferred maintenance due to recent construction (2004).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,291
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,945,820
$1.9M
Cap Rate 7%
$1,389,871
$1.4M
Cap Rate 9%
$1,081,011
$1.1M
Market Conditions
NOI Build-Up for 5,815 SF
Gross rent
$153.5K $26.40/SF
− Vacancy
−$23.8K −$4.09/SF
EGI
$129.7K $22.31/SF
− OpEx
−$32.4K −$5.58/SF
NOI
$97.3K $16.73/SF
Area
Everett, WA
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,945,820
Cap Rate 7%
$1,389,871
Cap Rate 9%
$1,081,011
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,291 @ 7.0% cap · market cap 4.42%
Second Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,111 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.92M
$1.68M – $2.25M
NOI $134,737 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98208, WA
60,019
Population
22,534
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
91%
High-School Grad
15.2 sq mi
ZIP Area
3,949
Density / Sq Mi
$102,546
Median Household Income
$53,626
Median Earnings
$1,859
Median Rent
$641,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Snohomish County, WA
Properties on Market for Medical Office Space in Snohomish County
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Northwest Animal Care Hospital Rehabilitation — 10105 19th Ave SE, Everett, WA 98208
- Northwest Animal Care Hospital — 10105 19th Ave SE, Everett, WA 98208
- Banfield Pet Hospital — 1130 SE Everett Mall Way, Everett, WA 98208
- Banfields veterinarian clinic — 1130 se everett mall way, everett, wa 98208
- Petco Vaccination Clinic — 1203 SE Everett Mall Way f, Everett, WA 98208
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office building in South Everett's Silver Lake.
Where is this medical office space located?
The property is located at 10101 19th Ave SE Everett, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Fully leased medical office investment property.; Excellent visibility and access along 19th Ave SE.; Low deferred maintenance due to recent construction (2004).
