Professional Office Building with
1820 32ND, Everett, WA 98201
For Sale
$1,519,000
Flexible office layout with reception, private rooms, support areas, secured garage, and on-site parking.
Property Size6,450 SF
Lot Size0.28 Acres
Price / SF$235.50
Days on Market140
Property Features for 1820 32ND
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Amenities
reception
kitchen/break room
abundant storage
Building Details
Year Built
Listing Agency:
Windermere Real Estate/M2,LLC
Listed By:
Duane Petzoldt · License #WA 133158
(425) 239-1780
Source:
Skylineproperties
Added: Jun 22
Changed: Nov 6
Last Checked: Nov 8 at 6:33AM
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 Windermere Real Estate/M2,LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This professional office property contains approximately 6,450 square feet on a 0.28-acre MU-15 zoned site. The layout can accommodate up to 13 private offices or conference rooms, along with reception, a kitchen and break room, and substantial storage. A secured garage of approximately 1,500 square feet and 15 on-site parking stalls add practical support for daily operations.
Built in 1967, the property is positioned near the Snohomish County Courthouse, Providence Regional Medical Center, downtown Everett, and a concentration of medical, legal, counseling, behavioral health, and other professional service providers. The existing configuration provides a range of office arrangements within a dedicated campus setting.
Built in 1967, the property is positioned near the Snohomish County Courthouse, Providence Regional Medical Center, downtown Everett, and a concentration of medical, legal, counseling, behavioral health, and other professional service providers. The existing configuration provides a range of office arrangements within a dedicated campus setting.
Key Highlights
- Approximately 6,450 SF office property on a 0.28‑acre MU‑15 zoned site
- Up to 13 private offices or conference rooms
- Approximately 1,500 SF secured garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,915
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,158,300
$2.2M
Cap Rate 7%
$1,541,643
$1.5M
Cap Rate 9%
$1,199,056
$1.2M
Market Conditions
NOI Build-Up for 6,450 SF
Gross rent
$170.3K $26.40/SF
− Vacancy
−$26.4K −$4.09/SF
EGI
$143.9K $22.31/SF
− OpEx
−$36.0K −$5.58/SF
NOI
$107.9K $16.73/SF
Area
Everett, WA
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,158,300
Cap Rate 7%
$1,541,643
Cap Rate 9%
$1,199,056
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.80M
NOI $107,915 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,450 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 98201, WA
30,421
Population
15,196
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
91%
High-School Grad
18.8 sq mi
ZIP Area
1,618
Density / Sq Mi
$73,822
Median Household Income
$48,830
Median Earnings
$1,443
Median Rent
$476,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Snohomish County, WA
Properties on Market for Office buildings in Snohomish County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout with reception, private rooms, support areas, secured garage, and on-site parking.
Where is this office building located?
The property is located at 1820 32ND Everett, WA.
What is the asking price?
The asking price for this property is $1,519,000.
What are key features of this property?
This property features: Approximately 6,450 SF office property on a 0.28‑acre MU‑15 zoned site; Up to 13 private offices or conference rooms; Approximately 1,500 SF secured garage
