Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Industrial Project Near Airport Title is generated by Realmo AI

    2131 100th St SW, Everett, WA 98204

    View on Map
    Claim this Listing
    For Lease
    $162,562 SF/Yr $1,694,004,414/Mo (calc)

    New Class A industrial space near Paine Field Airport.

    Type:Commercial
    Property size:
    125,048 SF
    Added:
    Jan 21, 2026
    Days on Market:
    134
    Last Refresh:
    Apr 5 at 11:16 pm

    Property Features for 2131 100th St SW

    General Information

    Standard status
    Active
    Size
    125,048 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    GABRIEL SMITH

    Listing agent GABRIEL SMITH

    Listing office JONES LANG LASALLE

    Listing date Jan 21, 2026

    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 JONES LANG LASALLE

    HighLights

    • Class A concrete tilt construction.
    • Heavy power: 2000 amps 480/277v.
    • Excellent access to I‑5, Highway 99, and SR‑526.
    • Located 3 blocks from Paine Field Airport (PAE).
    • Features 45 dock doors and 4 grade level ramp doors.
    • Divisible to approximately 25,000 SF with Office BTS.

    Overview

    A new industrial project is scheduled to commence in June 2024 and be completed in Q2 2025. The property is located three blocks east of the entry to Paine Field Airport (PAE) off Airport Road, with access to I-5, Highway 99, and SR-526. The building will be of Class A concrete tilt construction and divisible to approximately 25,000 square feet. Office space can be built to suit. The property features heavy power of 2000 amps at 480/277v, 45 dock doors, and 4 grade-level ramp doors. The property contains 125,048 square feet and is located at 2131 100th St SW, Everett, WA 98204.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.203
    Latitude
    47.9077

    Nearby Similar for Lease

    • Sponsored
      $129-$6,106/Mo
      11-1,292 SF

      WA, Everett - Airport Rd

      11400 Airport Rd, Unit 200, Everett, WA 98204
      View Details
    • $907/Mo
      640 SF

      Everett Office Space For Rent

      640 SF office space with three private offices available.
      11611 Airport Rd, Everett, WA 98204
      View Details
    • $1.58 SF/Yr
      22,848 SF

      Everett Office Space Near I-5

      Office space for rent near I-5 and Everett Mall.
      729 100th St SE, Everett, WA 98208
      View Details
    • $2,812/Mo
      1,467 SF

      Medical Office Space Available

      High-visibility medical office building near downtown Everett with ample parking.
      3327 Colby Ave, Everett, WA 98201
      View Details
    • $945/Mo
      5,670 SF

      Downtown Everett Mixed-Use Opportunity

      Versatile space in growing downtown Everett, suitable for retail/office.
      2723 Colby Ave, Everett, WA 98201
      View Details
    • $8,937/Mo
      6,620 SF

      Flex Space with Warehouse Component

      Flex space featuring office and warehouse areas, available 4/1/2026.
      11512 Airport Road, Everett, WA 98204
      View Details
    • $15,334/Mo
      7,667 SF

      Everett Intermodal Transit Hub Space

      Four-story transit hub with offices, event spaces, and amenities.
      3201 Smith Ave, Everett, WA 98201
      View Details
    • $7,165/Mo
      3,738 SF

      Everett Mall Way Retail/Warehouse

      Dual-use retail and warehouse space with high visibility.
      10 Everett Mall Way, Everett, WA 98208
      View Details
    • $2,666/Mo
      1,580 SF

      Office Space with Mezzanine Storage

      Office space featuring a reception, private office, restroom, and storage.
      2118 Broadway Ave, Everett, WA 98201
      View Details
    • $18,217/Mo
      10,974 SF

      Everett Flex Space with Office

      10,974 SF flex building with warehouse and office space.
      3727 McDougall Ave, Everett, WA 98201
      View Details
    • $3,383/Mo
      1,400 SF

      Retail Space Sublease Opportunity

      Retail space for sublease with high visibility and accessibility.
      530 Everett Mall Way, Everett, WA 98204
      View Details
    • $26 SF/Yr
      51,682 SF

      Everett Medical Office Building

      Three-story medical office building in Everett, Washington, with I-5 access.
      125 130th St SE, Everett, WA 98208
      View Details

    FAQs

    What type of property is this?
    Distribution center - New Class A industrial space near Paine Field Airport.
    Where is this distribution center located?
    The property is located at 2131 100th St SW Everett, WA.
    What is the lease rate?
    The lease rate is $162,562.
    What are key features of this property?
    This property features: Class A concrete tilt construction.; Heavy power: 2000 amps 480/277v.; Excellent access to I‑5, Highway 99, and SR‑526.
    We can help!
    Listing Contact
    GABRIEL SMITH
    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

    Thank You for Inquiry
    2131 100th St SW, Everett, WA 98204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!