Listing Agency: The Preview Group Show Phone

Listed By: Ellen Bruya · License #24192 Show Phone

Source: Moodyscre

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 26 at 4:50PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This industrial property comprises 14 units across 19,320 square feet. Five units are leased, while interiors in the other nine remain unfinished, allowing a new owner to complete those spaces. The site is gated and includes brand-new construction.

The property is at 2000 Amanda Ave in Gold Bar, Washington, with frontage on Highway 2 and highway access.

Key Highlights

• 14 industrial units totaling 19,320 square feet
• Five units are leased; nine have unfinished interiors
• Highway 2 frontage and access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$187,646

Cap Rate

6.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,752,920 $3.8M

Cap Rate 7%

$2,680,657 $2.7M

Cap Rate 9%

$2,084,956 $2.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,320 SF

Gross rent

$289.8K $15.00/SF

− Vacancy

−$21.7K −$1.13/SF

EGI

$268.1K $13.88/SF

− OpEx

−$80.4K −$4.16/SF

NOI

$187.6K $9.71/SF

Area

Snohomish County, WA

Vacancy

7.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,752,920

Cap Rate 7%

$2,680,657

Cap Rate 9%

$2,084,956

Alternative Uses

Best Use

Industrial

$2.68M

$2.35M – $3.13M (±1% cap)

NOI $187,646 @ 7.0% cap · market cap 6.25%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.39M

$4.71M – $6.29M (±1% cap)

NOI $377,161 @ 7.0% cap · market cap 12.57%

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

Industrial properties

Suggested Use

Top Pick HVAC Service Hair Salon Grocery & Convenience Store Garden Center Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

48

Businesses Nearby

Explore this area Business Placement

Demographics for 98251, WA

5,071

Population

2,226

Households

2.3

Avg Household Size

41

Median Age

16%

College-Educated

87%

High-School Grad

160.7 sq mi

ZIP Area

32

Density / Sq Mi

$78,512

Median Household Income

$52,183

Median Earnings

$1,833

Median Rent

$414,900

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Industrial property - Gated industrial facilities offer a mix of occupied space and interiors ready for completion.

Where is this industrial property located?

The property is located at 2000 Amanda Ave Gold Bar, WA.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: 14 industrial units totaling 19,320 square feet; Five units are leased; nine have unfinished interiors; Highway 2 frontage and access