Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1402 State Ave Marysville, WA 98270-3607

    • Office buildings
    • 1,274 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2021
    $1,475,000
    Value Estimations
    $1,185,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3259463
    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

    • Oxy Auto Sales & CDL School / Car Dealer / Auto Market

    Property Details for 1402 State Ave

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.59 lot acres
    Property size
    1,274 SF
    Zone code
    M4
    Property type
    Office buildings
    APN
    30052100312400
    APU
    30052100312400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.176
    Latitude
    48.068
    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
    $5,564
    $503,000
    $272,500
    $775,500
    -
    $503,000
    $272,500
    $775,500

    Comparable in this City

    • Value Estimation
      $3,320,000
      12,489 SF

      505 Cedar Ave

      PROFESSIONAL BUILDING • 12,489 SF
      505 Cedar Ave, Marysville, WA 98270-4561
      View Details
    • Value Estimation by Request
      1,003 SF

      515 Cedar Ave

      PROFESSIONAL BUILDING • 1,003 SF
      515 Cedar Ave, Marysville, WA 98270-4531
      View Details
    • Value Estimation
      $1,405,000
      5,352 SF

      Marysville, WA 98270

      PROFESSIONAL BUILDING • 5,352 SF
      Marysville, WA 98270
      View Details
    • Value Estimation
      $530,000
      1,994 SF

      1636 3rd St

      PROFESSIONAL BUILDING • 1,994 SF
      1636 3rd St, Marysville, WA 98270-5004
      View Details
    • Value Estimation
      $2,435,000
      14,347 SF

      7315 43rd NE Ave

      PROFESSIONAL BUILDING • 14,347 SF
      7315 43rd NE Ave, Marysville, WA 98270-3704
      View Details
    • Value Estimation by Request
      1,405 SF

      1602 4th St

      PROFESSIONAL BUILDING • 1,405 SF
      1602 4th St, Marysville, WA 98270-5014
      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
      View Details
    • $1,750,000
      6,065 SF

      Marysville Health Center Investment Property

      Fully leased medical/dental building in Marysville, Washington.
      7825 47Th Ave NE, Marysville, WA 98270
      View Details
    • $3,550,000
      23,270 SF

      Marysville Industrial Multi-Tenant

      23,270 SF, Multi-Tenant Industrial, Great Value
      5625 48Th Dr, Marysville, WA 98270
      View Details
    • $950,000
      6,712 SF

      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
    • $4,290,000

      Marysville Redevelopment Opportunity For Sale

      21-acre redevelopment site with interim income in Marysville, WA.
      3824 88Th St NE, 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

    Similar Nearby for Lease

    • $12 SF/Yr
      1,267 SF

      Marysville Office Space For Rent

      Office space available for rent in Marysville, Washington.
      1612 4Th St, Marysville, WA 98270
      View Details
    • $845 /Mo
      412 SF

      Professional Office Space Available

      Flexible office suites with shared reception lobby for rent.
      1106 Columbia Ave, Marysville, WA 98270
      View Details
    • $24 SF/Yr
      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
    • $1.25 SF/Yr
      9,686 SF

      Marysville Warehouse with Fenced Yard

      9,686 SF warehouse with clear-span and fenced yard.
      5625 48Th Dr NE, Marysville, WA 98270
      View Details
    • $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
    • Contact for pricing
      58,544 SF

      Marysville Warehouse Space Available

      58,544 SF warehouse space for lease in Marysville, WA.
      13923 35Th Ave NE, Marysville, WA 98270
      View Details
    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.
    1402 State Ave
    Marysville, WA 98270-3607
    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

    Google sign-in failed. Please try again or use another login method.