Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8620 Holly Dr Everett, WA 98208

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $853 /Mo ($15 SF/Yr)

    Second story office space in a convenient Everett location.

    Property size:
    640 SF
    Lot size:
    640 SF

    Property Features for 8620 Holly Dr

    General Information

    Standard status
    Active
    Size
    640 SF

    Building Details

    Year built
    2001

    We can help!

    Listing Contact
    Tyler Barnes
    Source: Corcoran

    Listing Agency: WEST COAST COMMERCIAL REALTY, LLC Listing Agent: Tyler Barnes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Everett Office Space For Rent

    This 640 square foot office space is located on the second story in the Cascade View corridor, a business hub anchored by Paine Field and the Everett Mall. The location provides convenient commuter access and places vast amenities within a 5-minute drive. The unit is available now.
    Location Intelligence

    Current Use by Public Records

    ALS Environmental Laboratory Hollywood Mirror Hardware & Home Improvement Hi-Tech Lamps (Bike/Boat/Book/etc) Store SimpliMedicare Insurance Agency Nash Dumpster Rental Waste Management Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2285383
    Latitude
    47.919752

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WA, Everett - Airport Rd

      Discover many ways to work your way in Highland Pointe
      11400 Airport Rd, Everett, WA 98204
      View Details
    • $26 SF/Yr
      2,345 SF

      Retail Space in Everett Mall

      Retail space available in high-traffic Everett shopping center.
      121 SE Everett Mall Way, Everett, WA 98208
      View Details
    • $17 SF/Yr
      6,443 SF

      Everett Retail Space For Lease

      Large, renovated retail space in grocery-anchored center on Evergreen Way.
      5305-5307 Evergreen Way, Everett, WA 98203
      View Details
    • $7,534 /Mo
      3,206 SF

      Retail Space Near Boeing Everett

      Vibrant shopping center space near Boeing Everett and Paine Field.
      205 E Casino Rd, Everett, WA 98208
      View Details
    • Contact for pricing

      Everett Office Space Near Airport

      Office space for rent with excellent access to I-5.
      906 Southeast Everett Mall Way, Everett, WA 98208
      View Details
    • New
      $2,730 /Mo
      1,170 SF

      Everett Retail Space Available

      Retail space available for lease in Everett, Washington.
      7601 Evergreen Way, Everett, WA 98203
      View Details
    • $895 /Mo
      490 SF

      Corner Office Space Available

      Upper floor office space suitable for professionals and businesses.
      1720 100Th Pl SE, Everett, WA 98208
      View Details
    • $5,198 /Mo
      2,835 SF

      Retail Space on Colby Avenue

      Retail space for lease with open layout and parking.
      2524 Colby Ave, Everett, WA 98201
      View Details
    • $2,812 /Mo
      1,467 SF

      Medical Office Space Available

      High-visibility medical office building near downtown Everett with ample parking.
      3327 Colby Ave, Everett, WA 98201
      View Details
    • $945 /Mo
      5,670 SF

      Downtown Everett Mixed-Use Opportunity

      Versatile space in growing downtown Everett, suitable for retail/office.
      2723 Colby Ave, Everett, WA 98201
      View Details
    • $2,301 /Mo
      2,736 SF

      Retail/Office Space Available Now

      2736 SF retail/office space for rent at $2500/month.
      2928 Rucker Ave, Everett, WA 98201
      View Details
    • $16 SF/Yr
      1,000 SF

      Versatile Office Space Available

      Adaptable office space suitable for medical, retail, or traditional use.
      12811 8Th Ave W, Everett, WA 98204
      View Details

    FAQs

    What type of property is this?
    Office units - Second story office space in a convenient Everett location.
    Where is this office units located?
    The property is located at 8620 Holly Dr Everett, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Conveniently located in the Cascade View corridor, a business hub anchored by Paine Field and the Everett Mall.; - Vast amenities are within a 5-minute drive.; - Accessible location with convenient commuter access.
    Request Owner's contact information
    8620 Holly Dr Everett, WA 98208
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8620 Holly Dr
    Everett, WA 98208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8620 Holly Dr Everett, WA 98208
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tyler Barnes
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!