General Commercial Land with
For Sale
Contact for pricing
4307 103RD PL NE, Marysville, WA 98271
GC-zoned commercial land includes an existing building suited to business occupancy or residential rental use.
Property Size1,118 SF
Price / SF$473.17
Days on Market127
Property Features for 4307 103RD PL NE
General Information
Standard status
Active
Size
1,118 SF
Property subtype
Retail, Office, Mixed Use
Zoning
GC
Building Details
Year Built
1952
Buildings
1
Stories
1
Units
1
Listing Agency:
Keller Williams North Sound
(360) 653-1884
Listed By:
Anton Stetner · License #WA 24133
Source:
Crexi
Added: Apr 27
Changed: Aug 30
Last Checked: Aug 31 at 1:06AM
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 Keller Williams North Sound
Investment Insights
Based on property information with market context.
This General Commercial property includes an existing 1,118-square-foot structure on an expansive lot. Built in 1952, the building contains two primary rooms, a separate bonus room, a full bathroom, and a utility area with laundry hookups and a utility sink.
The property is located at 4307 103rd Pl NE in Marysville, Washington. Its GC zoning and existing improvements support current use as a residential rental or owner-occupied business space while preserving the broader land component for future planning.
The property is located at 4307 103rd Pl NE in Marysville, Washington. Its GC zoning and existing improvements support current use as a residential rental or owner-occupied business space while preserving the broader land component for future planning.
Key Highlights
- General Commercial (GC) zoning
- 1,118 square foot existing structure on an expansive lot
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,913
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$398,260
$398.3K
Cap Rate 7%
$284,471
$284.5K
Cap Rate 9%
$221,256
$221.3K
Market Conditions
NOI Build-Up for 1,118 SF
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.
Gross rent
$30.6K $27.36/SF
− Vacancy
−$4.0K −$3.61/SF
EGI
$26.6K $23.75/SF
− OpEx
−$6.6K −$5.94/SF
NOI
$19.9K $17.81/SF
Area
Snohomish County, WA
Vacancy
13.20%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$398,260
Cap Rate 7%
$284,471
Cap Rate 9%
$221,256
Alternative Uses
Best Use
Office B
$284.5K
$248.9K – $331.9K
NOI $19,913 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.8K
$272.8K – $363.8K
NOI $21,825 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 98271, WA
32,068
Population
12,040
Households
2.7
Avg Household Size
39
Median Age
22%
College-Educated
91%
High-School Grad
45.3 sq mi
ZIP Area
708
Density / Sq Mi
$97,547
Median Household Income
$53,250
Median Earnings
$1,851
Median Rent
$483,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - GC-zoned commercial land includes an existing building suited to business occupancy or residential rental use.
Where is this commercial land located?
The property is located at 4307 103RD PL NE Marysville, WA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: General Commercial (GC) zoning; 1,118 square foot existing structure on an expansive lot; Built in 1952
