Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10 Olympic Dr Everett, WA 98201

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land near marina with potential views and island amenities.

    Lot size:
    0.24 Acres

    Property Features for 10 Olympic Dr

    General Information

    Standard status
    Active
    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Katharine Carey Castle
    Source: Exprealty

    Listing Agency: EXP REALTY Listing Agent: Katharine Carey Castle

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

    Learn more

    Overview

    Hat Island Land Near Marina

    This lot is located on Hat Island, a private island. The property is situated near the marina, providing convenient access via the new 48-passenger Catamaran ferry or private boat. Clearing the lot may reveal potential views. Residents can enjoy miles of beaches, clamming, crabbing, whale watching, and other recreational activities. Island amenities include a USGA-Rated golf course, yacht club, playground, community garden, and year-round events.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Home Appliance Store HVAC Service Travel Agency Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.3277423
    Latitude
    48.017329

    Nearby Similar for Sale

    • $2,200,000
      10,500 SF

      Everett NAPA Auto Parts Investment

      Single-tenant NAPA Auto Parts property in Everett, WA for sale.
      9423 Evergreen Way, Everett, WA 98204
      View Details
    • $2,650,000
      8,958 SF

      Everett Industrial Facility with Yard

      Purpose-built industrial facility with open-air storage and covered shop bays.
      2810 34Th St, Everett, WA 98201
      View Details
    • $1,100,000
      2,256 SF

      Downtown Everett Commercial Asset

      High-visibility commercial property in Downtown Everett's transforming urban district.
      1418 Hewitt Ave, Everett, WA 98201
      View Details
    • $2,200,000
      11,876 SF

      Mixed-Use Property in Downtown Everett

      Mixed-use property with commercial units and apartments in downtown Everett.
      2512 Colby Ave, Everett, WA 98201
      View Details
    • $5,200,000
      19,768 SF

      Mixed-Use Asset in Downtown Everett

      Fully leased 17-unit mixed-use property with recent capital improvements.
      1313 Hewitt Ave, Everett, WA 98201
      View Details
    • $167,500
      1,568 SF

      Updated Home in 55+ Park

      Updated 3-bedroom home in Fairway Estates 55+ senior park.
      1427 100Th St SW, Everett, WA 98204
      View Details
    • $2,450,000
      11,856 SF

      Value-Add Multifamily Investment Opportunity

      Light value-add property with renovation upside in a desirable location.
      2424 Rucker Ave, Everett, WA 98201
      View Details
    • $699,000
      2,180 SF

      Everett Turn-Key Investment Opportunity

      Remodeled 1901 property near courthouse with redevelopment potential.
      3113 Oakes Ave, Everett, WA 98201
      View Details
    • $799,950
      1,496 SF

      Classic Duplex Near Waterfront Amenities

      Updated duplex with detached cottage and potential for additional development.
      305 Alverson Blvd, Everett, WA 98201
      View Details
    • $5,400,000

      Everett Multifamily Investment Opportunity

      Well-maintained, fully occupied multifamily property in central Everett location.
      6911 Rainier Dr, Everett, WA 98203
      View Details
    • $479,950

      Townhome with Cascade Mountain Views

      3-bedroom townhome in North Everett with panoramic mountain views.
      529 Pilchuck Path, Everett, WA 98201
      View Details
    • $998,000

      Mixed-Use Asset in Everett Core

      Mixed-use property with development potential in a revitalizing urban area.
      2011 Madison St, Everett, WA 98203
      View Details

    FAQs

    What type of property is this?
    Recreation land - Land near marina with potential views and island amenities.
    Where is this recreation land located?
    The property is located at 10 Olympic Dr Everett, WA.
    What is the asking price?
    The asking price for this property is $24,000.
    What are key features of this property?
    This property features: - Private island location with easy access via ferry or private boat.; - Proximity to the marina.; - Access to island amenities including a USGA-Rated golf course and yacht club.
    (888) 877-9315
    Request Owner's contact information
    10 Olympic Dr Everett, WA 98201
    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.
    10 Olympic Dr
    Everett, WA 98201
    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
    10 Olympic Dr Everett, WA 98201
    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!
    Listing Contact
    Katharine Carey Castle
    (888) 877-9315
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.