Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Lake Stevens Title is generated by Realmo AI

    303 91st Ave NE, Lake Stevens, WA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Anchored retail center in a strong trade area.

    Type:RETAIL
    Property size:
    22,289 SF
    Lot size:
    12.21 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    189
    Last Refresh:
    May 20 at 9:18 pm

    Property Features for 303 91st Ave NE

    General Information

    Standard status
    Active
    Size
    22,289 SF
    Lot size
    12.21 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 303 91st Ave NE Contact us

    We can help!

    Listing Contact
    Justin Holmes
    Justin Holmes

    Listing agent Justin Holmes

    Listing office First Western Properties - Tacoma, Inc.

    Listing date Nov 23, 2025

    Source Moodyscre

    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 First Western Properties - Tacoma, Inc.

    HighLights

    • Ace Hardware and Grocery Outlet Anchored Center
    • Strong retail trade area with low market vacancy
    • Located in Lake Stevens Retail Core
    • Large employment base with Boeing and the US Army
    • NNN estimated $8.25

    Overview

    This retail property is located in the Lake Stevens retail core. The property is anchored by Ace Hardware and Grocery Outlet. The surrounding area features a strong retail trade environment with low market vacancy. A large employment base is present in the area, including Boeing and the US Army. The property offers approximately 22289 square feet of retail space. NNN expenses are estimated at $8.25.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Lake Stevens Marketplace — 303 91st Ave NE # C302, Lake Stevens, WA 98258
    • Frontier Village S.C. — 9 WA-9, Lake Stevens, WA 98258
    • Coinstar Kiosk | Bitcoin ATM — 8915 Market Pl NE, Lake Stevens, WA 98258

    Location Insight

    • Map
    • Local Demand
    City
    Lake Stevens
    County
    Snohomish
    State
    Washington
    Longitude
    -122.107
    Latitude
    47.9981

    Nearby Similar for Lease

    • $2,250/Mo
      685 SF

      Highway 9 Business Center Space

      Retail, wellness, or professional space in Lake Stevens.
      9623 32nd Street SE, Lake Stevens, WA 98258
      View Details
    • $975/Mo
      200 SF

      Inviting Office Suite For Rent

      Corner suite ideal for professional office use in Lake Stevens.
      9623 32nd Street SE, Lake Stevens, WA 98258
      View Details
    • $1,550/Mo
      278 SF

      Highway 9 Professional Office Space

      Professional office space for rent in Lake Stevens, WA.
      9623 32nd Street SE, Lake Stevens, WA 98258
      View Details
    • $3,888/Mo
      1,333 SF

      Retail and Office/Warehouse Space

      Rare retail and office/warehouse space with great access.
      10519 20th St SE, Lake Stevens, WA 98258
      View Details
    • $2,587/Mo
      887 SF

      Retail and Office/Warehouse Space

      Rare retail and office/warehouse space with great access.
      10519 20th St SE, Lake Stevens, WA 98258
      View Details
    • $1,550/Mo
      278 SF

      Highway 9 Professional Office Space

      Professional office space for lease in Lake Stevens, WA.
      9623 32nd Street Southeast, Lake Stevens, WA
      View Details
    • $1,881/Mo
      645 SF

      Retail/Office Space in Lake Stevens

      New retail/office space in Lake Stevens, estimated delivery Q2 2026.
      3606 Grade Rd, Lake Stevens, WA 98258
      View Details
    • $1,993/Mo
      1,040 SF

      Commercial

      10519 20th St SE, Lake Stevens, WA 98258
      View Details
    • $31 SF/Yr
      725 SF

      Lakefront Restaurant Opportunity

      Elevated restaurant space with lake views and outdoor patio.
      12404 Mill Spur, Lake Stevens, WA
      View Details
    • $33,600 SF/Yr
      2,400 SF

      Lake Stevens Flex Space Available

      2,400 RSF flex space for lease in Lake Stevens.
      9015 Vernon Rd, Lake Stevens, WA 98258
      View Details
    • $35 SF/Yr
      645 SF

      Lake Stevens Retail/Office Space

      New retail/office space in Lake Stevens, available Q2 2026.
      3606 Grade Rd, Lake Stevens, WA
      View Details
    • $3,000/Mo
      10 SF

      ATM Space Available For Rent

      ATM space for rent in Lake Stevens, Washington.
      1803 Main St, Lake Stevens, WA 98258
      View Details

    FAQs

    What type of property is this?
    Shopping center - Anchored retail center in a strong trade area.
    Where is this shopping center located?
    The property is located at 303 91st Ave NE Lake Stevens, WA.
    What are key features of this property?
    This property features: Ace Hardware and Grocery Outlet Anchored Center; Strong retail trade area with low market vacancy; Located in Lake Stevens Retail Core
    (253) 472-0404 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Holmes
    Justin Holmes
    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
    303 91st Ave NE, Lake Stevens, WA
    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!