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    1059 State Ave Marysville, WA 98270-4269
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    Property profile & analytics

    1059 State Ave, Marysville, WA 98270-4269

    View on Map
    • Office buildings
    • 3,200 SF
    • 0.52 lot acres
    Off-Market
    Last Sale May 31, 2024
    $1,569,000
    Property ID
    US90-0979096
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,570,000
    Show details
    Cap Rate Potential
    3.9%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Premier Upper Cervical Chiropractic / Alternative Medicine Practice
    • Pro Plan Residential Design / Architectural Designer / Service Establishment
    • Joy Massage / Alternative Medicine Practice / Spa & Massage Center
    • Dr. Aaron Statner / Alternative Medicine Practice
    • Kenzi's Beauty / Hair Salon / Nail Salon

    Property Details for 1059 State Ave

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.52 lot acres
    Property type
    Office buildings
    APN
    30052800221000
    APU
    30052800221000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 31, 2024 $1,569,000 Jubals LLC Donald P Whitfield Warranty Deed $769k · Donald Whitfield
    — — Donald P Whitfield — Deed Of Trust · related $125k · North County Bank
    — — Donald P Whitfield — Deed Of Trust · related $585k · Columbia State Bank
    — — Donald P Whitfield — Deed Of Trust · related $45k · North County Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,570,000
      ML approach
      $1,570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,410,000
      Market price range: $802k - $1.51M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,135,000
      Current use
      AUTO REPAIR, GARAGE
      $1,305,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $1,250,000
      Change: +10% Conversion: Easy
      COMMERCIAL (GENERAL)
      $970,000
      Change: -15% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.177
    Latitude
    48.0593
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,617
    $462,600
    $478,900
    $941,500
    -
    $462,600
    $478,900
    $941,500

    Comparable in this City

    • Value Estimation
      $2,295,000
      12,062 SF

      1402 7th St

      PROFESSIONAL BUILDING
      1402 7th St, Marysville, WA 98270-4563
      View Details
    • Value Estimation
      $820,000
      3,760 SF

      1222 2nd St

      PROFESSIONAL BUILDING
      1222 2nd St, Marysville, WA 98270-4907
      View Details
    • Value Estimation by Request
      1,728 SF

      1702 3rd St

      PROFESSIONAL BUILDING
      1702 3rd St, Marysville, WA 98270-5006
      View Details
    • Value Estimation
      $1,530,000
      5,635 SF

      1716 4th St

      PROFESSIONAL BUILDING
      1716 4th St, Marysville, WA 98270-5000
      View Details
    • Value Estimation by Request
      804 SF

      1103 9th St

      PROFESSIONAL BUILDING
      1103 9th St, Marysville, WA 98270-4209
      View Details
    • Value Estimation
      $535,000
      2,046 SF

      519 Bch Ave

      PROFESSIONAL BUILDING
      519 Bch Ave, Marysville, WA 98270-4525
      View Details

    Similar Nearby for Sale

    • $1,395,000

      Prominent Office Building on State

      Office building with high visibility and strong tenant leases.
      502 State Ave, Marysville, WA 98270
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    • Contact for pricing
      4,120 SF

      Downtown Marysville Mixed-Use Building

      Mixed-use building in downtown Marysville with high visibility.
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      23,270 SF

      Marysville Flex Space For Sale

      23,270 SF flex space with I-5 access.
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      Marysville Storefront with High Exposure

      997 SF storefront in Marysville with high traffic exposure.
      9501 State Ave, Marysville, WA 98270
      View Details
    • $1,100,000
      6,894 SF

      Versatile Flex Space with Warehouses

      6,894 SF property with warehouses, house, and storage.
      1092 Ash Ave, Marysville, WA 98270
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    • $1,750,000
      6,065 SF

      Marysville Health Center Investment Property

      Fully leased medical/dental building in Marysville, Washington.
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    Similar Nearby for Lease

    • Contact for pricing
      565 SF

      Retail or Office Space Available

      Adaptable commercial space suitable for retail or office use.
      1520 4Th St, Marysville, WA 98270
      View Details
    • $598 /Mo
      315 SF

      Professional Office Space Available

      Flexible office suites for growing businesses, great value, prime location.
      1106 Columbia Ave, Marysville, WA 98270
      View Details
    • Contact for pricing

      Marysville Industrial Building with Apartment

      6,712 SF industrial building with live/work potential and rental income.
      1063 Beach Ave, Marysville, WA 98270
      View Details
    • $775 /Mo
      336 SF

      Professional Office Space Available

      Flexible, private office suites suitable for growing businesses.
      1106 Columbia Ave, Marysville, WA 98270
      View Details
    • Contact for pricing
      2,400 SF

      High-Visibility End Cap Space

      End cap space with great visibility and easy access.
      912 State Ave, Marysville, WA 98270
      View Details
    • $2,600 /Mo
      1,300 SF

      Equipped Massage Clinic Space Available

      Ready-to-go massage clinic or office space for lease.
      1110 5Th St NE, Marysville, WA 98270
      View Details
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    Marysville, WA 98270-4269
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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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