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    11608 Airport Rd Everett, WA 98204

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    For Sale
    $665,000

    Commercial property with long-term tenant near Boeing and Highway 99.

    Property size:
    1,828 SF

    Property Features for 11608 Airport Rd

    General Information

    Size
    1,828 SF

    Building Details

    Year built
    1978

    Source: REAL ESTATE 2000 CORP. Agent DAVID HILBERT

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property Near Airport

    This commercial property is located on Airport Road, just off Highway 99, and near Boeing and the new Snohomish County National Airport. Constructed in 1978, the 1,828-square-foot building sits on a 9,583-square-foot parcel and includes over 12 parking spots. The property is under a long-term triple net lease to Airport Massage, generating a monthly rent of $5,200 for the next five years. The annual gross and net income is $62,400, yielding a 9.4% CAP Rate.
    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
    -122.2613528
    Latitude
    47.8926199

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    FAQs

    What type of property is this?
    Investment property - Commercial property with long-term tenant near Boeing and Highway 99.
    Where is this investment property located?
    The property is located at 11608 Airport Rd Everett, WA.
    What is the asking price?
    The asking price for this property is $665,000.
    What are key features of this property?
    This property features: - High 9.4% CAP Rate; - Stable income stream of $62,400 annually; - Long-term triple net lease in place with Airport Massage
    Request Owner's contact information
    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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