Industrial Property on Highway
For Sale
$1,900,000
23125 Highway 99, Edmonds, WA 98026
Established industrial property with a 1955 construction date in Edmonds.
Property Size6,845 SF
Days on Market138
Property Features for 23125 Highway 99
General Information
Standard status
Active
Size
6,845 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
6,845 SF
Year Built
1955
Listing Agency:
The Andover Company, Inc.
Listed By:
Joshua Klein · License #WA #20123086
(602) 708-6589
Source:
Corfac
Added: Jun 1
Changed: Oct 1
Last Checked: Oct 14 at 9:32PM
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 The Andover Company, Inc.
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Investment Insights
Based on property information with market context.
This industrial property was constructed in 1955 and is identified at 23125 Highway 99 in Edmonds, Washington. The available information establishes the property’s industrial classification and address, with no additional building specifications provided.
Key Highlights
- Constructed in 1955
- Located at 23125 Highway 99
- Edmonds, WA 98026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,482
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,329,640
$1.3M
Cap Rate 7%
$949,743
$949.7K
Cap Rate 9%
$738,689
$738.7K
Market Conditions
NOI Build-Up for 6,845 SF
Gross rent
$102.7K $15.00/SF
− Vacancy
−$7.7K −$1.13/SF
EGI
$95.0K $13.88/SF
− OpEx
−$28.5K −$4.16/SF
NOI
$66.5K $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%
$1,329,640
Cap Rate 7%
$949,743
Cap Rate 9%
$738,689
Alternative Uses
Best Use
Industrial
$949.7K
$831.0K – $1.11M
NOI $66,482 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,627 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 98026, WA
38,610
Population
15,884
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
97%
High-School Grad
9.4 sq mi
ZIP Area
4,107
Density / Sq Mi
$124,462
Median Household Income
$63,708
Median Earnings
$1,894
Median Rent
$758,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - Established industrial property with a 1955 construction date in Edmonds.
Where is this industrial property located?
The property is located at 23125 Highway 99 Edmonds, WA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Constructed in 1955; Located at 23125 Highway 99; Edmonds, WA 98026
