Marysville Health Center Investment
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 Market466
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
(425) 285-3200
Source:
Corcoran
Added: Jun 3, 2025
Changed: Jul 6
Last Checked: Sep 11 at 8:35AM
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
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 = 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
$108,026
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
6.17%
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%
$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
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
$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 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%
$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
NOI $108,026 @ 7.0% cap · market cap 6.17%
Second Best
Healthcare Medical
$1.27M
$1.11M – $1.48M
NOI $88,800 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,400 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Cascade Veterinary Center, PS — 921 State Ave, Marysville, WA 98270
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- 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.
