Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1094 Columbia Ave Marysville, WA 98270

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,750,000

    Well-maintained multifamily property with high occupancy in central Marysville location.

    Type:Commercial
    Added:
    Jan 28, 2025
    Days on Market:
    465
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 1094 Columbia Ave

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    JESI WILLIAMS

    Listing agent JESI WILLIAMS

    Listing office JOHN L. SCOTT - MUKILTEO

    Listing date Jan 28, 2025

    Source Corcoran

    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 JOHN L. SCOTT - MUKILTEO

    HighLights

    • Fully stabilized multifamily asset with high occupancy.
    • Central Marysville location near major employers and transit.
    • Well‑maintained property.
    • Strong tenant demand.
    • Professional management.
    • New income stream from utility buybacks.

    Overview

    Stabilized Multifamily Asset in Marysville

    Colonial Apartments presents an opportunity to acquire a fully stabilized and well-maintained multifamily asset located in Marysville. The property has maintained high occupancy in recent months, indicating strong tenant demand and professional management. The central Marysville location provides close proximity to major employers, transit corridors, and neighborhood amenities, making it a desirable location for residents. Utility buybacks were implemented mid-year 2024, introducing a new income stream.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.174
    Latitude
    48.0602

    Nearby Similar for Sale

    • $995,000
      6,133 SF

      Macdonald Industrial Warehouse For Sale

      Light industrial warehouse in downtown Marysville with existing rental income.
      1327 8th St, Marysville, WA 98270
      View Details
    • $4,950,000
      18,000 SF

      Modern Industrial Warehouse in Marysville

      New 18,000 SF warehouse with office and secured lot.
      4033 134th St NE, Marysville, WA 98271
      View Details
    • $839,000
      4,120 SF

      Downtown Marysville Mixed-Use Building

      Mixed-use building in downtown Marysville with high visibility.
      1092 State Ave, Marysville, WA 98270
      View Details
    • $490,000
      1,600 SF

      Historic Tavern in Downtown Marysville

      Former tavern with prime commercial location and private parking.
      204 State Ave, Marysville, WA 98270
      View Details
    • $3,900,000
      9,686 SF

      Marysville Warehouse with Fenced Yard

      9,686 SF warehouse with clear-span and fenced yard.
      5625 48th Dr NE, Marysville, WA
      View Details
    • $490,000

      Historic Tavern in Downtown Marysville

      1,600+ SF former tavern with parking lot.
      204 State Ave, Marysville, WA
      View Details
    • $67,000,000
      337,026 SF

      Industrial Property in Opportunity Zone

      New industrial property for sale or lease in Marysville.
      14201 40th Ave NE, Marysville, WA 98271
      View Details
    • $1,750,000
      6,065 SF

      Marysville Health Center Investment Property

      Fully leased medical/dental building in Marysville, Washington.
      7825 47th Ave NE, Marysville, WA 98270
      View Details
    • $490,000
      1,600 SF

      Historic Tavern in Downtown Marysville

      Former tavern with open layout, prime commercial location.
      204 State Avenue, Marysville, WA 98270
      View Details
    • $2,375,000
      19,420 SF

      Marysville Retail/Commercial Building For Sale

      Retail/commercial building with vacant parcel near shopping and I-5.
      11031 Smokey Point Boulevard, Marysville, WA 98271
      View Details
    • $1,150,000

      Marysville Light Industrial Property

      Profitable sand blasting operation with real estate for sale.
      5503 47th Ave NE, Marysville, WA 98270
      View Details
    • $3,750,000

      Fully Occupied Marysville Commercial Building

      Prime commercial real estate in Marysville with long-term tenants.
      1050 State Avenue, Marysville, WA 98270
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained multifamily property with high occupancy in central Marysville location.
    Where is this apartment building located?
    The property is located at 1094 Columbia Ave Marysville, WA.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: Fully stabilized multifamily asset with high occupancy.; Central Marysville location near major employers and transit.; Well‑maintained property.
    We can help!
    Listing Contact
    JESI WILLIAMS
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1094 Columbia Ave, Marysville, WA 98270
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!