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Marysville Health Center Investment Property
For Sale
$1,750,000
Pending

7825 47th Ave NE, Marysville, WA 98270

Fully leased medical/dental building in Marysville, Washington.

Property Size6,065 SF
Days on Market511

Property Features for 7825 47th Ave NE

General Information

Standard status Pending
Size 6,065 SF
Property subtype Commercial

Building Details

Year Built 1976
Listing Agency: COMPASS WASHINGTON
Listed By: BEN KAUFMAN
Source: Corcoran
Added: Jun 3, 2025 Changed: Oct 25 Last Checked: Oct 24 at 5:55PM

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 COMPASS WASHINGTON

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The Marysville Health Center is a 6,065-square-foot medical/dental building. The property is 100% leased and features a tenant mix that includes two established dental practices and a personal fitness business. The facility features a shared lobby. The building is located near downtown Marysville, the Tulalip Resort Casino, and the Seattle Premium Outlets, offering visibility and accessibility. Architectural features include high ceilings and exposed wood beams. The landscaping is attractive. There are 44 dedicated parking spaces.

Key Highlights

  • 100% leased medical/dental building providing immediate income.
  • Strong tenant mix with established dental practices and a fitness business.
  • Strategically located near downtown Marysville, Tulalip Resort Casino, and Seattle Premium Outlets.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$108,026
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,160,520 $2.2M
Cap Rate 7%
$1,543,229 $1.5M
Cap Rate 9%
$1,200,289 $1.2M
Market Conditions
NOI Build-Up for 6,065 SF
Gross rent
$165.9K $27.36/SF
− Vacancy
−$21.9K −$3.61/SF
EGI
$144.0K $23.75/SF
− OpEx
−$36.0K −$5.94/SF
NOI
$108.0K $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 Rate 5%
$2,160,520
Cap Rate 7%
$1,543,229
Cap Rate 9%
$1,200,289

Alternative Uses

Best Use
Office B
$1.54M
$1.35M – $1.80M (±1% cap)
NOI $108,026 @ 7.0% cap · market cap 6.17%
Second Best
Healthcare Medical
$1.27M
$1.11M – $1.48M (±1% cap)
NOI $88,800 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M (±1% cap)
NOI $118,400 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
Open Analytics

Current Use

Jeffrey L Erwin ... Dental Office Hixsondental Dental Office Dr. Erhardt Dental Office Marysville Dental Center Dental Office Conn Patricia V ... Dental Office

Suggested Use

Top Pick Computer & Electronic Repair (Bike/Boat/Book/etc) Store Locksmith Parking Lot & Garage Gym & Fitness Center Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

816
Businesses Nearby
Balanced
Demand for This Use

Demographics for 98270, WA

51,969
Population
19,840
Households
2.6
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
3,634
Density / Sq Mi
$102,258
Median Household Income
$50,619
Median Earnings
$1,845
Median Rent
$540,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Similar Off Market Nearby

  • Cascade Veterinary Center, PS — 921 State Ave, Marysville, WA 98270
  • Hoffman Arthur N DVM — 921 State Ave, Marysville, WA 98270
  • Thompsen Stacy DVM — 1263 State Ave, Marysville, WA 98270
  • Burlingame William DVM — 1263 state ave, marysville, wa 98270

Frequently Asked Questions

What type of property is this?
Medical Office Space - Fully leased medical/dental building in Marysville, Washington.
Where is this medical office space located?
The property is located at 7825 47th Ave NE Marysville, WA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 100% leased medical/dental building providing immediate income.; Strong tenant mix with established dental practices and a fitness business.; Strategically located near downtown Marysville, Tulalip Resort Casino, and Seattle Premium Outlets.
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