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Property profile & analytics
OFF-MARKET Estimated value $4,235,000
Retail space

12720 4th W Ave Everett, WA 98204-5707

14,491 SF 1.65 ac lot Built 1984
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US90-0748099
Property summary
AI-generated overview

This exceptional 900-square-foot retail space at Mariner Marketplace in Snohomish County presents a unique investment opportunity. Built in 1984, this single-tenant property boasts a highly desirable location with unparalleled accessibility. Benefit from direct access to Interstate 5, maximizing exposure to a substantial customer base. The property's strategic placement is further enhanced by its proximity to a planned Link Light Rail station, anticipated to significantly increase foot traffic and accessibility. Conveniently located within a 1-2 minute walk of multiple bus stops, this space ensures easy commutes for both employees and customers. The property sits on a high-traffic signalized intersection, experiencing a combined daily vehicle count exceeding 54,000 cars from 4th Ave W and I-5 E & 128th St W. Low market vacancy rates for comparable retail spaces underscore the strong demand in this area. Local ownership ensures responsive management and a commitment to tenant success. The asking rate is $2,250 per month, NNN. This property offers a compelling combination of location, accessibility, and high traffic volume, making it an ideal investment for discerning retail businesses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Construction CONCRETE
Total area 14,491 SF
Lot 1.65 ac (71,874 SF)
Zoning code UC
APN 380500000100
UPID US90-0748099
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mailbox/1 Hour Photo Photography Service (Bike/Boat/Book/etc) Store
  • Diamond Nails Nail Salon
  • Everett Heating & Cooling HVAC Service General Contractor
  • 451 Videography Photography Service (Bike/Boat/Book/etc) Store
  • Liberty Tax Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.56M
CAP Approach CAP
$3.22M
Comparable Approach Comparable
$5.00M
Blend (final) Blend
$4.24M
Owner & transaction history
Mariner Marketplace LLC · 5 yrs held
Mariner Marketplace LLC
since 2021
Last sale
$4.1M
5 recorded transactions
2021
$4.1M
2018
Price N/A
2017
Price N/A
1999
$2.3M
1969
Price N/A
Zoning & alternative use
UC · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $6.8M +45.2%
Medical building $5.4M +14.8%
Auto repair, garage $5.1M +8.4%
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