Insulated Warehouse
For Sale
$600,000
407 Lakewood Rd, Arlington, WA 98223
Fully insulated shop space includes high ceilings, concrete floors, and a large roll-up door.
Property Size3,360 SF
Lot Size2.00 Acres
Price / SF$178.57
Days on Market48
Property Features for 407 Lakewood Rd
General Information
Standard status
Active
Size
3,360 SF
Lot size
2.00 Acres
Property subtype
Vacant Land
Additional Details
Road Access
Yes
Three-Phase Power
Yes
Building Details
Buildings
1
Building Size
3,360 SF
Listing Agency:
RE/MAX Elite
Listed By:
Lynette Gamm · License #NWM95449
(360) 863-3940
Source:
Realtywithty
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 7 at 4:38PM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This warehouse property centers on a fully insulated 40' x 84' shop measuring approximately 3,360 square feet. The building features high ceilings, exposed trusses, concrete floors, a large roll-up door, and a wood-burning stove. Compressed-air plumbing and a 50-amp RV electrical connection add functional infrastructure for equipment, vehicles, storage, and projects. A partially completed 24' x 40' section spans two levels and includes multiple rooms that remain available for customization.
The 2-acre property at 407 Lakewood Road in Arlington includes an 87,120-square-foot lot with approximately 320 feet of Lakewood Road frontage. Open areas, established trees, plum and mature pear trees, partial mountain views, and a bus stop at the property corner are also present. Shopping, dining, services, and everyday conveniences are nearby.
The 2-acre property at 407 Lakewood Road in Arlington includes an 87,120-square-foot lot with approximately 320 feet of Lakewood Road frontage. Open areas, established trees, plum and mature pear trees, partial mountain views, and a bus stop at the property corner are also present. Shopping, dining, services, and everyday conveniences are nearby.
Key Highlights
- 40' x 84' fully insulated shop with approximately 3,360 sq ft
- 87,120 sq ft lot across 2 acres
- Approximately 320' of Lakewood Rd frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,482
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,640
$849.6K
Cap Rate 7%
$606,886
$606.9K
Cap Rate 9%
$472,022
$472.0K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$53.6K $15.96/SF
− Vacancy
−$3.6K −$1.09/SF
EGI
$50.0K $14.87/SF
− OpEx
−$7.5K −$2.23/SF
NOI
$42.5K $12.64/SF
Area
Snohomish County, WA
Vacancy
6.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,640
Cap Rate 7%
$606,886
Cap Rate 9%
$472,022
Alternative Uses
Best Use
Warehouse
$606.9K
$531.0K – $708.0K
NOI $42,482 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$937.0K
$819.9K – $1.09M
NOI $65,593 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98223, WA
45,139
Population
18,224
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
316.2 sq mi
ZIP Area
143
Density / Sq Mi
$96,478
Median Household Income
$52,487
Median Earnings
$1,780
Median Rent
$556,900
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully insulated shop space includes high ceilings, concrete floors, and a large roll-up door.
Where is this warehouse located?
The property is located at 407 Lakewood Rd Arlington, WA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 40' x 84' fully insulated shop with approximately 3,360 sq ft; 87,120 sq ft lot across 2 acres; Approximately 320' of Lakewood Rd frontage
