Two-Story Interior Corridor
6311 33rd Ave NE Marysville, WA 98271
6311 33rd Ave NE, Marysville, WA, 98271
$2,995,000
For Sale
$2,995,000
Two-story hotel with interior corridors, offered as a building improvement sale with included business assets.
Property Size24,480 SF
Price / SF$122.34
Days on Market83
Property Features for 6311 33rd Ave NE
General Information
- Standard status
- Active
- Size
- 24,480 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1995
Listing agency
GENESIS REALTY
Listed by
CHONG LEE · License #12807
Source
Corcoran
Added: Apr 30 Updated: Jul 20 at 8:36PM Checked: Jul 21 at 5:56AM
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 GENESIS REALTY
Investment Insights
Based on property information with market context.
This offering is for a building improvement sale that includes hotel business assets. The property consists of a two-story hotel with interior corridor configuration. The NOI and cap rate referenced in the pro forma are based on the provided projections, and financial statements and income proof are available upon acceptance of an offer.
The hotel is described as located just off I-5 in Marysville, Washington, and is positioned for travelers visiting nearby attractions including the Tulalip Casino, Future of Flight Aviation Center, and the Boeing Tour.
The land is ground leased, with 33 years remaining on the lease term, including options. The seller notes this is only for the building improvement and business assets, with the land remaining leased.
The hotel is described as located just off I-5 in Marysville, Washington, and is positioned for travelers visiting nearby attractions including the Tulalip Casino, Future of Flight Aviation Center, and the Boeing Tour.
The land is ground leased, with 33 years remaining on the lease term, including options. The seller notes this is only for the building improvement and business assets, with the land remaining leased.
Key Highlights
- 2‑story hotel with interior corridor layout
- Year built: 1995
- Offered as a building improvement sale including hotel business assets
Local Financial Insights For Hotel Hospitality
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 | $440.6k | $18.00 |
| − Vacancy | −$52.9k | −$2.16 |
| EGI | $387.8k | $15.84 |
| − OpEx | −$203.6k | −$8.32 |
| NOI | $184.2k | $7.52 |
24,480 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.63M
$2.30M – $3.07M
NOI $184,188 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.83M
$5.97M – $7.96M
NOI $477,893 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quality Inn Tulalip ...
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Two-story hotel with interior corridors, offered as a building improvement sale with included business assets.
Where is this hotel located?
The property is located at 6311 33rd Ave NE Marysville, WA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 2‑story hotel with interior corridor layout; Year built: 1995; Offered as a building improvement sale including hotel business assets
