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    Property profile & analytics

    1384 State Ave Marysville, WA 98270

    • Auto shops
    • 6,192 SF
    • 0.24 lot acres
    For Sale
    View listing
    $2,500,000
    Last Sale
    Apr 19, 2021
    $650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0288635
    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.

    Current Use by Public Records

    • Daltons Midway North -- Auto Repair / Auto Repair Shop
    • Daltons Midway North / Auto Repair Shop / Car Repair And Maintenance Service

    Property Details for 1384 State Ave

    Year built
    1971
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.24 lot acres
    Property size
    6,192 SF
    Zone code
    GC
    Property type
    Auto shops
    APN
    30052100311300
    APU
    30052100311300

    Description

    This exceptional 0.24-acre commercial lot, situated at 1384 State Avenue in the vibrant city of Marysville, Washington, presents a compelling investment opportunity. Priced at $2,500,000, this property offers significant potential for a wide range of commercial ventures. Its location on State Avenue provides excellent visibility and accessibility, ensuring high traffic flow and strong potential for customer engagement. The generous 0.24-acre parcel allows for ample development possibilities, accommodating a variety of building sizes and designs. The property is classified as General Commercial, offering flexibility in terms of permitted uses, subject to city zoning regulations. Marysville's thriving economy and strategic location within the Puget Sound region contribute to the property's long-term value and investment potential. This is an ideal opportunity for developers, investors, or businesses seeking a prominent location to establish or expand their operations. The property's size and location make it a rare find in the competitive Marysville commercial real estate market. Serious inquiries are encouraged to explore the possibilities and secure this exceptional investment opportunity. Further details regarding zoning and permitted uses are readily available upon request. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $755,000
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $462,000
      Market price range: $358k - $1.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.176
    Latitude
    48.0675
    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
    $3,859
    $293,600
    $351,500
    $645,100
    -
    $293,600
    $351,500
    $645,100

    Comparable in this City

    • Value Estimation
      $930,000
      8,925 SF

      8405 State Ave

      AUTO REPAIR, GARAGE • 8,925 SF
      8405 State Ave, Marysville, WA 98270-2901
      View Details
    • Value Estimation by Request
      6,000 SF

      4231 76th NE St

      AUTO REPAIR, GARAGE • 6,000 SF
      4231 76th NE St, Marysville, WA 98270-3721
      View Details
    • Value Estimation
      $3,040,000
      4,062 SF

      1203 State Ave

      AUTO REPAIR, GARAGE • 4,062 SF
      1203 State Ave, Marysville, WA 98270-3601
      View Details
    • Value Estimation by Request
      4,540 SF

      9508 State Ave

      AUTO REPAIR, GARAGE • 4,540 SF
      9508 State Ave, Marysville, WA 98270-2251
      View Details
    • Value Estimation by Request
      832 SF

      4117 84th NE Pl

      AUTO REPAIR, GARAGE • 832 SF
      4117 84th NE Pl, Marysville, WA 98270-2926
      View Details
    • Value Estimation by Request
      1,628 SF

      9702 State Ave

      AUTO REPAIR, GARAGE • 1,628 SF
      9702 State Ave, Marysville, WA 98270-2232
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,133 SF

      Industrial Warehouse in Downtown Marysville

      Light manufacturing space suitable for owner-users or investors.
      1327 8Th St, Marysville, WA 98270
      View Details
    • $3,750,000
      26,676 SF

      Fully Occupied Marysville Commercial Building

      Fully occupied commercial building in Marysville with long-term tenants.
      1050 State Ave, Marysville, WA 98270
      View Details
    • $3,750,000
      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
      View Details
    • $640,000

      Historic Tavern in Downtown Marysville

      1,600+ SF former tavern with parking lot.
      204 State Ave, Marysville, WA 98270
      View Details
    • $750,000
      0.34 Acres

      Marysville Commercial Land Opportunity

      0.34-acre lot, prime development site
      1081 Cedar Ave, Marysville, WA 98270
      View Details
    • $5,750,000

      Stabilized Multifamily Asset in Marysville

      Well-maintained multifamily property with high occupancy in central Marysville location.
      1094 Columbia Ave, Marysville, WA 98270
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      13,614 SF

      North Marysville Junior Anchor Space

      Retail space next to Grocery Outlet in a growing area.
      9620 State Ave, Marysville, WA 98270
      View Details
    • $15 SF/Yr
      2,461 SF

      Retail Space Available For Rent

      Retail space available for rent in Marysville, Washington.
      1520 4Th St, Marysville, WA 98270
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      9317 State Ave, Marysville, WA 98270
      View Details
    • $25 SF/Yr
      2,400 SF

      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      9623 State Ave, Marysville, WA 98270
      View Details
    • $12 SF/Yr
      34,162 SF

      Marysville Retail Center Opportunity

      High-visibility retail space near I-5.
      9620 State Ave, Marysville, WA 98270
      View Details
    • $30 SF/Yr
      904 SF

      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      1220-1262 State Ave, Marysville, WA 98270
      View Details
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    1384 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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