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    11608 Airport Rd Everett, WA 98204

    For Sale
    $988,000

    High-yield Airport Road property, strong tenant.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial investment property is located at 11608 Airport Road in Everett, Washington, offering a prime location just off Highway 99, near Boeing and the new Snohomish County National Airport. The property boasts a 1,828-square-foot building constructed in 1978, situated on a 9,583-square-foot lot. Ample parking is provided with over 12 spaces. Currently leased to Airport Massage under a triple net lease, this property offers a secure and consistent income stream. The monthly rent is $4,923.42, with a built-in 6% annual increase, resulting in an annual gross and net income of $59,081. This translates to a 6% capitalization rate, making it an attractive investment opportunity for discerning buyers. The property's strategic location near major transportation arteries and prominent businesses ensures high visibility and accessibility. This is a rare chance to acquire a well-established, income-producing commercial property in a thriving area. The long-term lease provides stability and predictable returns, making this an ideal addition to any investment portfolio. Don't miss this chance to secure a piece of Everett's vibrant commercial landscape.

    Property Features for 11608 Airport Rd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1978
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Airport Massage Massage Spa

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2614
    Latitude
    47.8926

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield Airport Road property, strong tenant.
    Where is this commercial real estate located?
    The property is located at 11608 Airport Rd Everett, WA.
    What is the asking price?
    The asking price for this property is $988,000.
    (425) 670-2000
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    11608 Airport Rd Everett, WA 98204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11608 Airport Rd Everett, WA 98204
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