Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3501 Everett Ave Everett, WA 98201

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,290,000

    Versatile warehouse on a corner lot with redevelopment opportunities.

    Lot size:
    0.29 Acres

    Property Features for 3501 Everett Ave

    General Information

    Standard status
    Active
    Lot size
    0.29 Acres

    Building Details

    Year built
    1975

    We can help!

    Listing Contact
    Kena Greer Brashear
    Source: Corcoran

    Listing Agency: MULJAT GROUP Listing Agent: Kena Greer Brashear

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Corner Warehouse with Redevelopment Potential

    This warehouse is situated on a corner lot, offering high visibility and accessibility. It features 110 feet of frontage on Everett Avenue and 122 feet on Summit Avenue. The property includes four entry points: two curb cuts along Everett Avenue, one on Summit Avenue, and an alley access point leading to parking behind the building. The building spans 7,251 square feet and is located on a 13,420 square foot lot. It is zoned Mixed Urban (MU), which allows for up to four stories of residential, commercial, or mixed-use development. The warehouse includes 16-foot ceilings and nine on-site parking spaces. This property presents an opportunity for redevelopment, retail use, or owner-user investment.
    Location Intelligence

    Current Use by Public Records

    Strata Communications Computer & Electronic Repair

    Suggested Use

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

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

    Similar Places Nearby

    PORT OF EVERETT SOUTH TERMINAL YARD, Express Storage-Everett, Port of Everett Seaport Storage, Martinson Piano Moving & Storage, Black Bear Moving and Storage Everett

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.1834767
    Latitude
    47.9819742

    Nearby Similar for Sale

    • $500,000
      1,872 SF

      Free-Standing Building on Large Lot

      Versatile building with excellent visibility and convenient access to I-5.
      4601 Elm St, Everett, WA 98203
      View Details
    • $650,000
      1,829 SF

      Everett Retail Space on Broadway

      1,829 SF retail building on Broadway in Everett.
      1716 Broadway, Everett, WA 98201
      View Details
    • $2,650,000
      8,958 SF

      Everett Industrial Facility with Yard

      Purpose-built industrial facility with open-air storage and covered shop bays.
      2810 34Th St, Everett, WA 98201
      View Details
    • New
      $350,000
      1,709 SF

      Heated Hangar with Bi-Fold Door

      1,709 SF heated hangar with secure airport access.
      3220 100Th St SW, Everett, WA 98204
      View Details
    • Contact for pricing
      70,935 SF

      Grocery Anchored Retail Center

      Grocery anchored shopping center in a busy Everett location.
      5305 Evergreen Way, Everett, WA 98203
      View Details
    • $750,000

      Everett Commercial Building on Evergreen

      990 SF commercial building with updated HVAC and parking.
      5802 Evergreen Way, Everett, WA 98203
      View Details
    • Contact for pricing
      47,511 SF

      Freestanding Building on Evergreen Way

      47,511 SF building on 3.71 acres with high visibility.
      6727 Evergreen Way, Everett, WA 98203
      View Details
    • $2,200,000
      10,500 SF

      Everett NAPA Auto Parts Investment

      Single-tenant NAPA Auto Parts property in Everett, WA for sale.
      9423 Evergreen Way, Everett, WA 98204
      View Details
    • Contact for pricing
      38,147 SF

      Everett Office Building Near I-5

      22,848 SF office building near Everett Mall and I-5.
      729 100Th St SE, Everett, WA 98208
      View Details
    • Contact for pricing
      2,256 SF

      Downtown Everett Commercial Asset

      High-visibility commercial property in Downtown Everett's transforming urban district.
      1418 Hewitt Ave, Everett, WA 98201
      View Details
    • $2,200,000
      5,815 SF

      Silver Pond Medical Center Investment

      Fully leased medical office building in South Everett's Silver Lake.
      10101 19Th Ave SE, Everett, WA 98208
      View Details
    • Contact for pricing
      14,350 SF

      Everett Warehouse Space Available

      Warehouse space for sublease with convenient access to major routes.
      1106 Shuksan Way, Everett, WA 98203
      View Details

    FAQs

    What type of property is this?
    Warehouse - Versatile warehouse on a corner lot with redevelopment opportunities.
    Where is this warehouse located?
    The property is located at 3501 Everett Ave Everett, WA.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: - Prime corner location offering exceptional visibility and easy access.; - Mixed Urban (MU) zoning allows for up to four stories of residential, commercial, or mixed-use development.; - 7,251 sq. ft. building on a 13,420 sq. ft. lot.
    (360) 733-3030
    Request Owner's contact information
    3501 Everett Ave Everett, WA 98201
    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.
    3501 Everett Ave
    Everett, WA 98201
    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
    3501 Everett Ave Everett, WA 98201
    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

    We can help!
    Listing Contact
    Kena Greer Brashear
    Real Estate License ID: 26557
    (360) 733-3030 (360) 920-3210
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!