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

    121 Avenue B Snohomish, WA 98290

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $28 SF/Yr

    Professional office space in Snohomish's historic downtown.

    We can help!

    Listing Contact
    Richard Zhou
    Source: Nai-psp

    Listing Agent: Richard Zhou

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

    Learn more

    Overview

    Historic Downtown Snohomish Office Space

    This professional office space is located in Snohomish’s historic downtown, offering a commercial location with ample on-site parking and access to nearby amenities. The property offers strategic visibility and accessibility. The renovated interior is air-conditioned. The space totals 840 square feet and includes a kitchenette with washer and dryer hookups. A short-term lease of 12-24 months is available. The lease rate is $28 per square foot, full service, and the space is available now.
    Location Intelligence

    Current Use by Public Records

    Eyeconic Beauty Hair Salon Dermakind Esthetics Spa & Massage Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Snohomish
    County
    Snohomish
    State
    Washington
    Longitude
    -122.0955865
    Latitude
    47.9122911

    Nearby Similar for Lease

    • $28 SF/Yr
      840 SF

      Historic Downtown Snohomish Office Space

      Professional office space in Snohomish's historic downtown.
      121 Avenue B, Snohomish, WA 98290
      View Details
    • $1,063 /Mo
      427 SF

      Pilchuck Landing Retail/Office Space

      Retail, service, or office space available for lease.
      203 Cypress Ave, Snohomish, WA 98290
      View Details
    • $3,000 /Mo
      1,200 SF

      Retail Space in Busy Center

      Retail space available in a high-traffic shopping center.
      2600 Bickford Ave, Snohomish, WA 98290
      View Details
    • $1,960 /Mo
      840 SF

      Retail Space in Historic District

      Prime commercial location with renovated interior and ample parking.
      121 Avenue B, Snohomish, WA 98290
      View Details
    • $5,545 /Mo
      1,901 SF

      Downtown Snohomish Retail/Office Space

      Prime retail or office space in historic downtown Snohomish.
      1010 1St St, Snohomish, WA 98290
      View Details
    • $3,555 /Mo
      1,422 SF

      Retail Space in Busy Center

      Retail space available in a high-traffic shopping center.
      2600 Bickford Ave, Snohomish, WA 98290
      View Details
    • $4,500 /Mo
      1,800 SF

      Retail Space in Busy Center

      Retail space available in shopping center with anchor tenants.
      2600 Bickford Ave, Snohomish, WA 98290
      View Details
    • Contact for pricing
      2,184 SF

      Snohomish Retail Space Available

      2,184 SF retail space for lease in Snohomish, WA.
      1205 Avenue D, Snohomish, WA 98290
      View Details
    • Contact for pricing
      2,814 SF

      Snohomish Drive-Thru Restaurant Space

      2nd generation drive-thru restaurant space available for lease.
      1209 Avenue D, Snohomish, WA 98290
      View Details
    • Contact for pricing
      14,103 SF

      Retail Space in Snohomish

      Retail property available for rent in Snohomish, Washington.
      1119-1207 13Th St, Snohomish, WA 98290
      View Details
    • Contact for pricing
      136 SF

      Snohomish Office Suite For Rent

      One-room office suite with plumbing available for rent.
      18122 Hwy 9 SE, Snohomish, WA
      View Details
    • $3,094 /Mo
      2,184 SF

      Snohomish Office Space Available

      2,184 SF office space for lease in Snohomish.
      1205 Avenue D, Snohomish, WA 98290
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space in Snohomish's historic downtown.
    Where is this office units located?
    The property is located at 121 Avenue B Snohomish, WA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Prime commercial location in Snohomish's Historic District; - Strategic visibility and accessibility; - Renovated interior and air-conditioned
    (425) 586-5623
    Request Owner's contact information
    121 Avenue B Snohomish, WA 98290
    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.
    121 Avenue B
    Snohomish, WA 98290
    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
    121 Avenue B Snohomish, WA 98290
    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
    Richard Zhou
    Real Estate License ID: #22007790
    (425) 586-5623
    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!