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

    2918 Colby Ave Everett, WA 98201

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prestigious Everett office space available.

    Lot size:
    22,063 SF

    Property Features for 2918 Colby Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,063 SF
    Total Rate
    42287.42

    Building Details

    Year Built
    1906

    Spaces For Lease

    at 2918 Colby Ave, Everett, WA 98201 Contact us
    Unit Suite 207

    $25 /Mo

    Size
    263 SF
    Contact us
    Unit Suite 202

    $23 /Mo

    Size
    217 SF
    Contact us
    Unit Suite 205

    $25 /Mo

    Size
    376 SF
    Contact us
    Unit Suite 203

    $23 /Mo

    Size
    238 SF
    Contact us
    Unit Suite 204

    $23 /Mo

    Size
    273 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Jeff Ayers
    Jeff Ayers

    Listing Agency: Ayers Commercial Group Listing Agent: Jeff Ayers

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Everett, WA office property, located at 2918 & 2920 Colby Ave, 98201, offers a unique opportunity for businesses seeking executive office space. Built in 1906, this charming building boasts a total of 22,063 square feet and is comprised of three suites. Currently, there are 3,028 square feet of vacant space available for lease, divisible into units as small as 217 square feet, or up to a contiguous 2,253 square feet. The property is categorized as both Executive Office and Professional space, making it ideal for a variety of businesses. Its location in Snohomish County provides easy access to major transportation routes and amenities. The building's historical character blends seamlessly with modern functionality, offering a prestigious and productive work environment. This multi-tenant building presents a rare opportunity to secure prime office space in a highly desirable Everett location. Inquire today to learn more about leasing options and availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lorna Bigsby Pllc Law Firm Core Clinical Research Research Institute Timothy Peterson MA ... Medical Clinic Dr. William J. ... Physician Michelle Pauley Foster Care Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2089799
    Latitude
    47.9786575

    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
    • $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
    • $21 SF/Yr
      2,968 SF

      Everett Office Space Available

      2968 square feet of office space for rent.
      1000 SE Everett Mall Way, Everett, WA 98208
      View Details
    • $15 SF/Yr
      9,100 SF

      Industrial Space with Office

      9100 SF industrial space with office and freeway access.
      2110 37Th St, Everett, WA 98201
      View Details
    • $24 SF/Yr
      8,566 SF

      Everett Intermodal Transit Hub Offices

      Four-story intermodal hub with offices, event spaces, and transit.
      3201 Smith Ave, Everett, WA 98201
      View Details
    • $19,050 /Mo
      15,810 SF

      Mixed-Use Building in Downtown Everett

      Standalone building with warehouse, office, showroom, and basement spaces.
      2812 Rucker Ave, Everett, WA 98201
      View Details
    • Contact for pricing
      1,230 SF

      Retail Space in Busy Center

      Retail space in high-traffic, Albertsons-anchored shopping center.
      520 128Th St SW, Everett, WA 98204
      View Details
    • Contact for pricing
      50,000 SF

      Everett Riverfront Retail Opportunity

      Mixed-use lifestyle center with retail, dining, and residential units.
      3810 Riverfront Blvd, Everett, WA
      View Details

    FAQs

    What type of property is this?
    Office space - Prestigious Everett office space available.
    Where is this office space located?
    The property is located at 2918 Colby Ave Everett, WA.
    What is the lease rate?
    The lease rate is $23-$25 SF/Yr.
    What are key features of this property?
    This property features: Class A Office Space in a prime Downtown Everett location.; Downtown Everett's walkable urban core.; Abundant nearby amenities.
    (206) 600-9294 Call to check price and availability
    Request Owner's contact information
    2918 Colby Ave Everett, WA 98201
    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.
    2918 Colby Ave
    Everett, WA 98201
    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
    2918 Colby Ave Everett, WA 98201
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Ayers
    Jeff Ayers
    Real Estate License ID: 105705
    (206) 600-9294 (425) 275-2406
    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!