Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Arlington Office Building For Sale Title is generated by Realmo AI

    902 E Maple St, Arlington, WA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Versatile office building near Cascade Valley Hospital.

    Type:OFFICE
    Property size:
    3,826 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $287/SF
    Added:
    Nov 27, 2023
    Days on Market:
    924
    Last Refresh:
    Apr 5 at 8:34 pm

    Property Features for 902 E Maple St

    General Information

    Standard status
    Active
    Size
    3,826 SF
    Lot size
    0.25 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Jesse Jaynes

    Listing agent Jesse Jaynes

    Listing office The Preview Group

    Listing date Nov 27, 2023

    Source Moodyscre

    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 The Preview Group

    HighLights

    • Wide range of uses: government offices, healthcare, research and development, technology, nursing care, special needs childcare, medical, dental and massage.
    • Potential for multiple occupants/tenants with separate entrances and bathrooms.
    • Close proximity to Cascade Valley Hospital and downtown Arlington in a rapidly growing area.
    • Ample parking and included signage.
    • Recently renovated with new paint, floors, lighting, and trim.
    • Features 10 offices, 5 bathrooms, employee kitchen, and significant storage/supply/lab area.

    Overview

    This 3,826 square foot office building is located in close proximity to Cascade Valley Hospital and downtown Arlington, in an area experiencing rapid growth in both business and housing. The property is suitable for a wide range of uses, including government offices, healthcare, research and development, technology, nursing care, special needs childcare, medical, dental, and massage practices. The layout allows for multiple occupants or tenants, each with their own entrances and bathrooms. The interior features 10 offices, 5 bathrooms, an employee kitchen, a reception area, exam rooms, and ample storage, supply, and lab areas. Recent upgrades include new paint, flooring, lighting, and trim. The sale includes a sign and the property offers ample parking.

    Local Financial Insights For Office B

    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 $104.7k $27.36
    − Vacancy −$13.8k −$3.61
    EGI $90.9k $23.75
    − OpEx −$22.7k −$5.94
    NOI $68.1k $17.81
    3,826 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $973.5K
    $851.8K – $1.14M (±1% cap)
    NOI $68,146 @ 7.0% cap · market cap 6.20%
    Second Best
    Healthcare Medical
    $800.3K
    $700.2K – $933.6K (±1% cap)
    NOI $56,018 @ 7.0% cap · market cap 5.09%
    Theoretical Best
    Office A
    $1.07M
    $933.6K – $1.24M (±1% cap)
    NOI $74,690 @ 7.0% cap · market cap 6.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • All Creatures Veterinary Services: Civey Jim DVM — 720 N W Ave, Arlington, WA 98223
    • Arlington Veterinary Hospital — 7728 204th St NE suite b, Arlington, WA 98223
    • Northwest Veterinary Clinic — 134 N W Ave, Arlington, WA 98223
    • Rosie Donald G DVM — Arlington, WA 98223
    • Performance Horse Veterinary — Arlington, WA 98223

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Snohomish
    State
    Washington
    Longitude
    -122.117
    Latitude
    48.1902

    Nearby Similar for Sale

    • $1,350,000
      2,740 SF

      Arlington Retail Space For Sale

      Profitable spa and stove shop in a fantastic corner location.
      131 W Division St, Arlington, WA
      View Details
    • $1,350,000
      2,740 SF

      Arlington Retail Space For Sale

      Profitable spa and stove shop in a fantastic corner location.
      131 W Division St, Arlington, WA
      View Details
    • $325,000

      Industrial Yard and Storage Facility

      Flexible facility with usable yard and existing structures for indoor and outdoor commercial storage.
      203 South Olympic Avenue, Arlington, WA 98223
      View Details
    • $2,225,000
      8,450 SF

      Retail Property in Growing Area

      Well-maintained retail property with long-term tenants in a growing area.
      7705 204th St NE, Arlington, WA 98223
      View Details
    • Contact for pricing

      Renovated Retail/Office Space Near Highway

      Recently renovated retail/office space with flexible layout and excellent visibility.
      20308 77th Ave NE, Arlington, WA 98223
      View Details
    • $3,895,000
      17,000 SF

      Smokey Point Multi-Use Space

      17,000 SF multi-use space in busy Smokey Point area.
      18824 Smokey Point Blvd, Arlington, WA
      View Details
    • $3,895,000
      17,000 SF

      Smokey Point Multi-Use Space

      17,000 SF multi-use space in busy Smokey Point area.
      18824 Smokey Point Boulevard, Arlington, WA 98223
      View Details
    • $1,332,215
      1,344 SF

      NNN Retail Investment Opportunity

      Single-tenant Jiffy Lube with stable income in Arlington, WA.
      17317 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $3,895,000
      17,000 SF

      Smokey Point Multi-Use Space

      17,000 SF multi-use space in busy Smokey Point area.
      18824 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $75,000
      4,295 SF

      Arlington Airport Hangar and Business Space

      Hangar and business space at Arlington Municipal Airport.
      18824 59th Dr NE, Arlington, WA 98223
      View Details
    • $1,350,000
      2,740 SF

      Arlington Retail Space For Sale

      Profitable spa and stove shop in a fantastic corner location.
      131 W Division St, Arlington, WA
      View Details
    • $4,900,000
      28,750 SF

      Arlington Airport Runway Access Facility

      28,750 SF facility with direct runway access.
      17922 59th Dr NE, Arlington, WA 98223
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Versatile office building near Cascade Valley Hospital.
    Where is this medical office space located?
    The property is located at 902 E Maple St Arlington, WA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Wide range of uses: government offices, healthcare, research and development, technology, nursing care, special needs childcare, medical, dental and massage.; Potential for multiple occupants/tenants with separate entrances and bathrooms.; Close proximity to Cascade Valley Hospital and downtown Arlington in a rapidly growing area.
    (425) 422-9728 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jesse Jaynes
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    902 E Maple St, Arlington, WA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!