5625 48Th Dr Marysville, WA 98270
- Industrial properties
- 20,000 SF
- 1.22 lot acres
Current Use by Public Records
- Fraser Bronze Foundry Inc / Manufacturer / Foundry
- The Everett Clinic - Materials Management Office / Association Or Organization
- Kinematics Marine Equipment, Inc. / Marine Supply Store / Welder
Property Details for 5625 48Th Dr
- Year built
- 1991
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.22 lot acres
- Property size
- 20,000 SF
- Zone code
- GI
- Property type
- Industrial properties
- APN
- 749700000300
- APU
- 749700000300
Description
This exceptional multi-tenant industrial property in Marysville, WA, presents a compelling owner-user opportunity. Located at 5625 48th Drive NE, this 23,270 square foot building sits on a 1.22-acre lot and offers a blend of executive office and warehouse space, ideal for a variety of businesses. The property features four units, currently housing two tenants with leases expiring in 2025, presenting a significant upside for potential rental income. Unit A (7,008 SF) and Unit D (9,686 SF) are currently vacant, providing ample space for an owner-occupier. These units boast high ceilings (18' - 22'), clear-span warehouse areas, and excellent loading capabilities with five loading docks and one dock-high door. Additional features include approximately 25 parking spaces, a fenced 7,500 square foot yard, and a 2-ton crane in Unit D. The building, constructed in 1991, is zoned General Industrial (GI) and benefits from convenient access to I-5. The asking price is $3,550,000, translating to $152.56 per square foot. The existing tenants are currently paying below market rent, offering a substantial opportunity for increased revenue upon lease renewal. This property is a rare find, combining significant space, excellent location, and strong potential for both occupancy and rental income. The property's features make it suitable for a wide range of industrial and manufacturing uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $105,000
- 6.5%
- $110,000
- 7%
- $125,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $105,000
- Geo Method
- $100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $105,000
- Retail
- $110,000
- Mixed-Use
- $95,000
- Hospitality
- $90,000
- Educational
- $90,000
- Residential Income
- $90,000
- Energy
- $95,000
- Income-Based Land
- $95,000
- Food Service
- $105,000
Location Insight
- Map
- Local Demand
- City
- Marysville
- County
- Snohomish
- State
- Washington
- Longitude
- -122.165
- Latitude
- 48.0488
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
