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

    1205 Avenue D Snohomish, WA 98290

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,094 /Mo

    2,184 SF office space for lease in Snohomish.

    Type:Commercial
    Property size:
    2,184 SF
    Added:
    Mar 6, 2023
    Days on Market:
    1141
    Last Refresh:
    Apr 5 at 11:25 pm

    Property Features for 1205 Avenue D

    General Information

    Standard status
    Active
    Size
    2,184 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1951

    We can help!

    Listing Contact
    STEVE ERICKSON

    Listing agent STEVE ERICKSON

    Listing office FIRST WESTERN PROPERTIES, INC.

    Listing date Mar 6, 2023

    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 FIRST WESTERN PROPERTIES, INC.

    Overview

    Snohomish Office Space Available

    An office space featuring 2,184 square feet is available for rent at a rate of $17.00 per square foot, with NNN terms. The space offers an open floor plan.
    Location Intelligence

    Current Use by Public Records

    A Plus Tobacco (Bike/Boat/Book/etc) Store Sun Massage Alternative Medicine Practice Diamond Massage Spa Alternative Medicine Practice Bri's Tow trucks. Auto Repair Shop SMOKE VAPE (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Snohomish
    County
    Snohomish
    State
    Washington
    Longitude
    -122.098
    Latitude
    47.9259

    Nearby Similar for Lease

    • Contact for pricing

      Pilchuck Landing Retail/Office Space

      Retail, service, or office space available for lease.
      203 Cypress Avenue, Snohomish, WA 98290
      View Details
    • Contact for pricing

      Downtown Snohomish Retail/Office Space

      Prime retail or office space in historic downtown Snohomish.
      1010 1st St, Snohomish, WA 98290
      View Details
    • $28/mo

      Historic Downtown Snohomish Office Space

      Professional office space in Snohomish's historic downtown.
      121 Avenue B, Snohomish, WA 98290
      View Details
    • Contact for pricing

      Retail Space in Historic District

      Prime commercial location with renovated interior and ample parking.
      121 Avenue B, Snohomish, WA 98290
      View Details
    • $29/mo

      Pilchuck Landing Retail Space

      Retail, service, or office space in Snohomish.
      203-295 Cypress Avenue, Snohomish, WA
      View Details
    • Contact for pricing

      Snohomish Flex Space Available

      Flex space suitable for various businesses on a main arterial.
      1033 Avenue D, Snohomish, WA 98290
      View Details
    • Contact for pricing

      Commercial Space on Seattle Hill

      Commercial space with high visibility on Seattle Hill Road.
      13119 Seattle Hill Rd, Snohomish, WA 98296
      View Details
    • $28/mo

      Historic Downtown Snohomish Office Space

      Professional office space in Snohomish's historic downtown.
      121 Avenue B, Snohomish, WA 98290
      View Details
    • Contact for pricing

      Snohomish Drive-Thru Restaurant Space

      2nd generation drive-thru restaurant space available for lease.
      1209 Avenue D, Snohomish, WA
      View Details
    • Contact for pricing

      Retail Space in Snohomish

      Retail property available for rent in Snohomish, Washington.
      1119-1207 13th Street, Snohomish, WA
      View Details
    • $36/mo

      Snohomish Office Suite For Rent

      One-room office suite with plumbing available for rent.
      18122 Hwy 9 SE, Snohomish, WA
      View Details
    • Contact for pricing

      Snohomish Retail Space Available

      Retail space available, offering 12,632 square feet.
      1805 Bickford Ave, Snohomish, WA 98290
      View Details

    FAQs

    What type of property is this?
    Office units - 2,184 SF office space for lease in Snohomish.
    Where is this office units located?
    The property is located at 1205 Avenue D Snohomish, WA.
    What is the lease rate?
    The lease rate is $3,094 /Mo.
    What are key features of this property?
    This property features: 2,184 SF Available; Rental Rate: $17.00 PSF, NNN; Benefit from the open floor plan
    We can help!
    Listing Contact
    STEVE ERICKSON
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!