2531 Wetmore Ave, Everett, WA 98201
Office Units
- Added:
- Feb 25, 2026
- Days on Market:
- 127
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 2531 Wetmore Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1959
Listing office Northland Real Estate
Listing date Feb 25, 2026
Source Crexi
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 Northland Real Estate
HighLights
- High‑visibility corner lot in revitalized downtown Everett corridor.
- Flexible B‑3 zoning allows for commercial or residential conversion.
- Renovated 3000 sq. ft. space with updated electrical, heat pump, windows, doors, fixtures, and flooring (2018).
- 14 dedicated off‑street parking spaces with existing leases.
- Proximity to art/cultural center, courthouse, restaurants, coffee shops, apartments, and condos.
- Minutes from I‑5 and the trestle.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.2k | $26.40 |
| − Vacancy | −$12.3k | −$4.09 |
| EGI | $66.9k | $22.31 |
| − OpEx | −$16.7k | −$5.58 |
| NOI | $50.2k | $16.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Snohomish
- State
- Washington
- Longitude
- -122.2066948
- Latitude
- 47.9834173
