Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20115 74Th Ave NE Arlington, WA 98223

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail property undergoing transformation to become a vibrant destination.

    Property size:
    64,396 SF
    Lot size:
    8.38 Acres

    Property Features for 20115 74Th Ave NE

    General Information

    Size
    64,396 SF
    Lot size
    8.38 Acres

    We can help!

    Listing Contact
    Jon Bockman
    Jon Bockman
    Source: Moodyscre

    Listing Agency: Rainier Commercial Partners LLC Listing Agent: Jon Bockman

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

    Learn more

    Property Insight Report

    Overview

    Retail Destination Undergoing Transformation

    An exciting project is underway at Arlington Valley Square, involving a strategic transformation of the building and property into a vibrant retail destination. The project aims to accommodate a diverse range of tenant spaces and requirements. This includes large spaces suitable for tenants such as grocery stores and fitness facilities, medium-sized spaces for tenants such as daycares and auto parts stores, and smaller spaces for specialty shops, restaurants, and breweries. A second phase introduces a new 6,000-square-foot stand-alone retail building with a drive-through, enhancing convenience and accessibility. The property has a size of 64396 square feet and is located at 20115 74th Ave NE, Arlington, WA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Snohomish
    State
    Washington
    Longitude
    -122.130115
    Latitude
    48.179177

    Nearby Similar for Lease

    • $1,750 /Mo

      Smokey Point Commercial Space

      ✨ 1,250 Sq Ft All-Inclusive Office, Showroom Space for Lease!
      18824 Smokey Bay Drive, Arlington, WA 98223
      View Details
    • $18 SF/Yr

      Arlington Industrial Warehouse Space Available

      Industrial warehouse space for lease in Arlington, Washington.
      21110 67Th Ave NE, Arlington, WA 98223
      View Details
    • $1,918 /Mo
      1,370 SF

      Salon/Office/Spa Space Available

      Move-in ready salon/office/spa space with sinks and laundry access.
      3402 173Rd Pl NE, Arlington, WA 98223
      View Details
    • $3,722 /Mo
      1,718 SF

      Retail Space in Gateway Center

      Retail space available in busy Smokey Point shopping center.
      3704 172Nd St NE, Arlington, WA 98223
      View Details
    • $2,978 /Mo
      1,191 SF

      Professional Office Space Available

      Corner suite in well-maintained medical/professional building with high visibility.
      16410 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $2,497 /Mo
      1,722 SF

      Shop Facility with Yard Space

      1,722 SF shop with overhead doors and yard.
      19203 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $1,920 /Mo
      886 SF

      Retail/Office Space in Arlington

      886 SF retail/office space with high visibility, near downtown.
      6605 204Th St NE, Arlington, WA 98223
      View Details
    • $4,371 /Mo
      2,232 SF

      Office Space Available For Lease

      2,232 SF office space for lease with immediate occupancy.
      16419 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $8,334 /Mo
      6,173 SF

      Flex Space with Office Suite

      Flex space featuring warehouse and office suites for rent.
      3810 166Th Pl NE, Arlington, WA 98223
      View Details
    • $1,389 /Mo
      6,173 SF

      Office/Retail Space Available

      First floor office/retail space with open work area.
      3810 166Th Pl NE, Arlington, WA 98223
      View Details
    • $2,290 /Mo
      1,374 SF

      Arlington Commercial Space for Lease

      Versatile commercial space suitable for medical, office, or healthcare tenants.
      902 Maple St, Arlington, WA 98223
      View Details
    • $8,217 /Mo
      3,735 SF

      Arlington Office Space Sublease

      Office space available for sublease in Arlington, Washington.
      17825 59Th Ave NE, Arlington, WA 98223
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property undergoing transformation to become a vibrant destination.
    Where is this shopping center located?
    The property is located at 20115 74Th Ave NE Arlington, WA.
    What are key features of this property?
    This property features: - Strategic transformation into a vibrant retail destination.; - New **6,000-square-foot stand-alone retail building.**; - Drive-through for enhanced convenience.
    (425) 417-5391 Call to check price and availability
    Request Owner's contact information
    20115 74Th Ave NE Arlington, WA 98223
    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.
    20115 74Th Ave NE
    Arlington, WA 98223
    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
    20115 74Th Ave NE Arlington, WA 98223
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jon Bockman
    Jon Bockman
    (425) 417-5391
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!