Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15101 40th NE Ave Marysville, WA 98271-8903
    Back to Search
    Property profile & analytics

    15101 40th NE Ave, Marysville, WA 98271-8903

    View on Map
    • Warehouses
    • 68,220 SF
    • 4.61 lot acres
    Off-Market
    Last Sale Oct 29, 2020
    $2,008,116
    Property ID
    US90-2385040
    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
    $2,410,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marysville Garage Door Repair / Building Supply / General Contractor

    Property Details for 15101 40th NE Ave

    Year built
    2022
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.61 lot acres
    Zone code
    LI
    Property type
    Warehouses
    APN
    31053300203300
    APU
    31053300203300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 3, 2024 — Smartcap Dc North B Qzb LLC — Deed · related $8M · Rga Americas Investivients LLC
    Nov 8, 2021 — Smartcap Dc North B Qqzb LLC — Deed · related $7.2M · Banner Bank
    Oct 29, 2020 $2,008,116 Smartcap Dc North B Qozb LLC Grimm Stewart LLC Warranty Deed —
    Sep 30, 2003 $400,000 Grimm Stewart LLC Pederson,dave Grant Deed $199k · Ameriquest Mortgage Corp
    — — Grimm Stewart LLC — Deed Of Trust · related $450k · Frontier Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,590,000
      ML approach
      $3,035,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.176
    Latitude
    48.1331
    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
    $35,026
    $2,074,500
    $3,794,400
    $5,868,900
    -
    $2,074,500
    $3,794,400
    $5,868,900

    Comparable in this City

    • Value Estimation by Request
      810 SF

      15311 39th NE Ave, Unit 105

      WAREHOUSE, STORAGE
      15311 39th NE Ave, Marysville, WA 98271-8902
      View Details
    • Value Estimation by Request
      810 SF

      15311 39th NE Ave, Unit 106

      WAREHOUSE, STORAGE
      15311 39th NE Ave, Marysville, WA 98271-8902
      View Details
    • Value Estimation by Request
      720 SF

      15311 39th NE Ave, Unit 107

      WAREHOUSE, STORAGE
      15311 39th NE Ave, Marysville, WA 98271-8902
      View Details
    • Value Estimation by Request
      720 SF

      15311 39th NE Ave, Unit 115

      WAREHOUSE, STORAGE
      15311 39th NE Ave, Marysville, WA 98271-8902
      View Details
    • Value Estimation by Request
      900 SF

      15311 39th NE Ave, Unit 202

      WAREHOUSE, STORAGE
      15311 39th NE Ave, Marysville, WA 98271-8902
      View Details
    • Value Estimation by Request
      810 SF

      15311 39th NE Ave, Unit 207

      WAREHOUSE, STORAGE
      15311 39th NE Ave, Marysville, WA 98271-8902
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      115,742 SF

      Marysville Distribution Center For Sale

      New logistics-oriented distribution center with excellent I-5 access.
      4100 152Nd St NE, Marysville, WA 98271
      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 98271
      View Details
    • $4,950,000
      18,000 SF

      Modern Industrial Warehouse in Marysville

      New 18,000 SF warehouse with office and secured lot.
      4033 134Th St NE, Marysville, WA 98271
      View Details
    • Contact for pricing
      337,026 SF

      Industrial Property in Opportunity Zone

      New industrial property for sale or lease in Marysville.
      14201 40Th Ave NE, Marysville, WA 98271
      View Details
    • Contact for pricing
      115,742 SF

      New Logistics Distribution Center

      Distribution center with excellent I-5 access in Marysville, WA.
      4150 152Nd St NE, Marysville, WA 98271
      View Details
    • Contact for pricing

      Modern Manufacturing Plant Ready

      Modern, organized manufacturing plant with automation potential.
      14101 45Th Ave NE, Marysville, WA 98271
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      106,833 SF

      New Construction Warehouse Space Available

      New construction warehouse with expansion potential in Marysville, WA.
      4201 156Th St NE, Marysville, WA 98271
      View Details
    • Contact for pricing
      73,833 SF

      Industrial Space Available in Marysville

      Class A industrial space for lease in Marysville, WA.
      15908 47Th Ave NE, Marysville, WA 98271
      View Details
    • Contact for pricing
      115,742 SF

      Class A Distribution Space Available

      Largest Class A distribution space with trailer parking and I-5 access.
      4150 152Nd St NE, Marysville, WA 98271
      View Details
    • Contact for pricing
      337,026 SF

      Marysville Warehouse Space Available

      Divisible warehouse space available in the third quarter of 2023.
      14201 40Th Ave NE, Marysville, WA 98271
      View Details
    • Contact for pricing
      203,892 SF

      Warehouse Distribution Building For Lease

      Class A industrial warehouse with immediate occupancy potential.
      4050 160 St NE, Marysville, WA 98271
      View Details
    • Contact for pricing
      3,000 SF

      Industrial Building Near Stimsons Corner

      Newer industrial building with high ceilings and rollup door.
      13503 39Th Ave NE, Marysville, WA 98271
      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.
    15101 40th NE Ave
    Marysville, WA 98271-8903
    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
    15101 40th NE 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!