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    403 S Granite Ave Granite Falls, WA 98252

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    For Lease
    $10 SF/Yr ($2,586 /Mo)

    Stand alone office building in Granite Fall's Downtown Business District.

    Property size:
    3,104 SF
    Lot size:
    0.38 Acres

    Property Features for 403 S Granite Ave

    General Information

    Size
    3,104 SF
    Lot size
    0.38 Acres

    We can help!

    Listing Contact
    Debra Barger Smith
    Source: Moodyscre

    Listing Agent: Debra Barger Smith

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

    Learn more

    Property Insight Report

    Overview

    Granite Falls Stand Alone Office

    This stand alone office building is located in Granite Fall's Downtown Business District. The property includes two office suites and a common waiting room. Situated on a 0.55-acre lot comprising two tax parcels, the property offers ample parking both on-site and on the street. The suites provide 2000 and 1104 square feet of space, including the reception area. The property is suitable for office, therapy, or medical uses. The suites are equipped with two separate furnaces, and one suite includes air conditioning. Between the suites, there are six treatment rooms, two reception areas, two offices, three and a half bathrooms, two lab rooms, an x-ray room, and storage rooms. A new roof was installed in 2021. The total space available is 3104 square feet. The property includes two lots. Tax identification numbers are 00794700000100 and 00794700000200.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Granite Falls Medical ... Medical Clinic CM SR22 Insurance ... Insurance Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Granite Falls
    County
    Snohomish
    State
    Washington
    Longitude
    -121.9690785
    Latitude
    48.0860686

    Nearby Similar for Lease

    • $18 SF/Yr
      1,360 SF

      Turn-Key Restaurant Space Available

      Restaurant space for lease with fully operational kitchen.
      107 S Granite Ave, Granite Falls, WA 98252
      View Details

    FAQs

    What type of property is this?
    Medical office - Stand alone office building in Granite Fall's Downtown Business District.
    Where is this medical office located?
    The property is located at 403 S Granite Ave Granite Falls, WA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Ideal for medical facility in fast-growing Granite Falls.; - Two office suites with a combined 3104 asf, including reception area, 6 treatment rooms, 2 offices, 3.5 bathrooms, 2 lab rooms, and x-ray room.; - New roof installed in 2021.
    (360) 653-2509
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    403 S Granite Ave Granite Falls, WA 98252
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    Granite Falls, WA 98252
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    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
    403 S Granite Ave Granite Falls, WA 98252
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    We can help!
    Listing Contact
    Debra Barger Smith
    (360) 653-2509
    Learn more
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