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    1050-1052 State Ave Marysville, WA 98270

    • Retail properties & Spaces
    • 27,546 SF
    • 2.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1050-1052 State Ave

    Year built
    1963
    Lot size
    2.13 lot acres
    Property size
    27,546 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional two-story, 27,546 square foot retail building, located at 1050-1052 State Ave in Marysville, WA 98270, presents a compelling investment opportunity. Built in 1963 and boasting a desirable DC zoning classification, this Class B property sits on a 2.13-acre lot (APN: 30052800216700) and offers over 105 paved parking spaces. Currently fully occupied by a diverse mix of long-term tenants including a gym, pawn and jewelry shop, laundromat, and coffee stand, this property generates a strong cash flow with a 7.17% CAP rate and built-in 3% annual rent increases. The building features a sprinkler system and underwent a complete roof replacement in 2022. Its central Marysville location provides convenient access to I-5, benefiting both tenants and customers. The asking price is $3,750,000 ($136.14/sq ft). This well-maintained property represents a rare chance to acquire prime downtown commercial real estate in a rapidly growing market. Don't miss this chance to own a piece of thriving Marysville.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.176
    Latitude
    48.0589

    Comparable in this City

    • Value Estimation
      $20,430,000
      174,551 SF

      9925 State Ave

      DEPARTMENT STORE • 174,551 SF
      9925 State Ave, Marysville, WA 98270-2253
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    • Value Estimation by Request
      4,785 SF

      502 State Ave

      Mixed-use properties • 4,785 SF
      502 State Ave, Marysville, WA 98270
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    • Value Estimation by Request
      520 SF

      5501 47th NE Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 520 SF
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    • Value Estimation by Request
      96 SF

      804 Cedar Ave

      DEPARTMENT STORE • 96 SF
      804 Cedar Ave, Marysville, WA 98270-4235
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    • Value Estimation by Request
      224 SF

      3rd St

      DEPARTMENT STORE • 224 SF
      3rd St, Marysville, WA 98270
      View Details
    • Value Estimation
      $9,595,000
      88,323 SF

      9623 State Ave

      DEPARTMENT STORE • 88,323 SF
      9623 State Ave, Marysville, WA 98270-2257
      View Details

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      26,676 SF

      Fully Occupied Marysville Retail Building

      Prime location retail building in Marysville with long-term tenants.
      1050-1052 State Ave, Marysville, WA 98270
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    • $3,750,000
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    Similar Nearby for Lease

    • $594 /Mo
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      Remodeled Retail Space For Rent

      Remodeled 396 SF commercial space with high traffic exposure.
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      13,614 SF

      North Marysville Junior Anchor Space

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      Retail Space Available For Rent

      Retail space available for rent in Marysville, Washington.
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    • Contact for pricing
      1,400 SF

      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      9317 State Ave, Marysville, WA 98270
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    • $25 SF/Yr
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      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      9623 State Ave, Marysville, WA 98270
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    • $3,076 /Mo
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      Retail Space Available For Rent

      Large retail space suitable for various business ventures.
      1520 4Th St, Marysville, WA 98270
      View Details
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    1050-1052 State Ave
    Marysville, WA 98270
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    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
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