Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11603 State Ave Marysville, WA 98271-8465
    Back to Search
    Property profile & analytics

    11603 State Ave Marysville, WA 98271-8465

    View on Map
    • Retail space
    • 18,205 SF
    • 1.29 lot acres
    Off-Market
    Last Sale Jan 27, 2020
    $3,650,000
    Property ID
    US90-0100288
    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
    $3,895,000
    Show details
    Cap Rate Potential
    5.4%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Providence Marysville Clinic / Medical Clinic
    • Jessica Barrera American Family Insurance / Insurance Agency
    • Another Best Childcare Kid Zone / Daycare Center
    • Hallie A. Granville, CNM / Midwife
    • Nicole F. Zickler, ND, CNM, ARNP / Midwife

    Property Details for 11603 State Ave

    Year built
    2000
    Construction
    WOOD
    Lot size
    1.29 lot acres
    Property size
    18,205 SF
    Zone code
    CB
    Property type
    Retail space
    APN
    30050900205000
    APU
    30050900205000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,710,000
      ML approach
      $4,725,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,275,000
      6.5%
      $3,945,000
      7%
      $3,665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,327,000
      Market price range: $1.74M - $7.46M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,605,000
      Current use
      OFFICE BUILDING
      $6,455,000
      Change: +40% Conversion: Easy
      COMMERCIAL (GENERAL)
      $5,520,000
      Change: +20% Conversion: Easy
      WAREHOUSE, STORAGE
      $5,260,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.174
    Latitude
    48.1003
    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
    $22,962
    $1,208,100
    $2,638,900
    $3,847,000
    -
    $1,208,100
    $2,638,900
    $3,847,000

    Comparable in this City

    • Value Estimation
      $4,805,000
      3,854 SF

      11326 38th NE Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,854 SF
      11326 38th NE Dr, Marysville, WA 98271-8434
      View Details
    • Value Estimation
      $1,290,000
      3,400 SF

      16201 Smokey Pt Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      16201 Smokey Pt Blvd, Marysville, WA 98271-5900
      View Details
    • Value Estimation
      $2,205,000
      17,095 SF

      11605 State Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,095 SF
      11605 State Ave, Marysville, WA 98271-8427
      View Details
    • Value Estimation
      $510,000
      1,508 SF

      3627 152nd NE St

      RETAIL STORES (PERSONAL SERVICES) • 1,508 SF
      3627 152nd NE St, Marysville, WA 98271-8944
      View Details
    • Value Estimation by Request
      1,920 SF

      10305 State Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      10305 State Ave, Marysville, WA 98271-7227
      View Details
    • Value Estimation
      $10,625,000
      93,106 SF

      16516 Twin Lks Ave

      RETAIL STORES (PERSONAL SERVICES) • 93,106 SF
      16516 Twin Lks Ave, Marysville, WA 98271-4726
      View Details

    Similar Nearby for Sale

    • $2,375,000
      19,420 SF

      Marysville Retail/Commercial Building For Sale

      Retail/commercial building with vacant parcel near shopping and I-5.
      11031 Smokey Point Blvd, Marysville, WA 98271
      View Details
    • Contact for pricing
      6,356 SF

      Freestanding Retail Building For Sale

      6356 SF retail building with freeway visibility in Marysville.
      16918 Twin Lakes Ave, Marysville, WA 98271
      View Details
    • $800,000
      27,443 SF

      Smokey Point Retail Pad Site

      Premier location in Smokey Point retail corridor near I-5.
      17313 27Th Ave NE, Arlington, WA 98271
      View Details
    • Contact for pricing

      Prime Marysville Commercial Opportunity

      Two parcels with retail building and vacant lot for sale.
      11127 State Ave, Marysville, WA 98271
      View Details
    • $3,300,000

      Marysville Land in Smokey Point

      Land in rapidly growing area near Cascade Industrial Center.
      5013 152Nd St, Marysville, WA 98271
      View Details
    • $32,000,000

      Marysville Mixed-Use Development Site

      19.65 acre mixed-use development site in Marysville, Washington.
      17406 19Th Ave NE, Marysville, WA 98271
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,167 SF

      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      2707 171St Pl NE, Marysville, WA 98271
      View Details
    • Contact for pricing
      1,270 SF

      Retail Space in Vibrant Center

      High visibility retail space available for rent in Marysville.
      2639 172Nd St NE, Marysville, WA 98271
      View Details
    • $5,400 /Mo
      30,000 SF

      Gravel Yard with Freeway Exposure

      30,000 SF gravel yard with high-visibility signage for lease.
      3603 136Th St NE, Marysville, WA 98271
      View Details
    • Contact for pricing

      Marysville Vehicle Dealership and Repair

      Vehicle dealership and repair location for lease in Marysville.
      6616 35Th Ave NE, Marysville, WA 98271
      View Details
    • Contact for pricing

      Marysville Vehicle Dealership and Repair

      Vehicle dealership and repair location for lease in Marysville.
      6616 35Th Ave NE, Marysville, WA 98271
      View Details
    • Contact for pricing
      432,000 SF

      Cascade Business Park Land Opportunity

      Land available for build-to-suit in Cascade Industrial Center.
      5414 152Nd St NE, Marysville, WA 98271
      View Details

    Property Visit Statistics

    • Visits by month
      1.7k
    • Visitors by month
      1.7k
    • Avg Time on site
      20 min
    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.
    11603 State Ave
    Marysville, WA 98271-8465
    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
    11603 State Ave, Marysville, WA, 98271
    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!