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Property profile

1612 172Nd St Northeast Marysville, WA 98271

FOR LEASE
Office buildings
Property ID
US90-0298102
1,120 SF 0.15 ac lot Built 1901
Last sale Mar 2022 · $481,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1612 172Nd St Northeast, Marysville, WA 98271 For Lease
Contact for pricing 1,120 SF available
1612 172Nd St Northeast, Marysville, WA 98271
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Property summary

AI-generated overview

A professional office building on a corner lot with dual street frontage on 172nd Street NE in Marysville, Washington. The building provides approximately 1,900 usable square feet across two finished levels and includes full ADA accessibility and paved, dedicated off-street parking. An existing grandfathered electronic marquee sign serves as an identification feature that is not reproducible under current sign codes. Originally constructed in 1901 as a Craftsman residence, the property…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$383k
Assessed land$145k
Assessed improvement$239k
Effective rate0.80%

Value estimate

· Oct 2026
$610k
$549k – $671k
AI approach$545k
CAP approach$325k
Submarket $/SF estimate$527k
NOI build-up
Gross scheduled income$31k
Vacancy & credit loss−$4k
Operating expenses−$7k
NOI · 47,261.31% cap applied$20k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$355/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$251 – $471

Cap rate analysis

How does the asset earn?
47,261.31%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MU
The purpose of the mixed use zone (MU) is to provide for pedestrian- and transit-oriented high-density employment uses together with limi...
General categoryMIXED_USE
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm9.9
Wholesale Shop9.7
Storage Facility9.4

Location

1612 172Nd St Northeast Marysville, WA 98271
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 10 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15209 39th NE, Marysville, WA 98271-8901 $1,700,000 Oct 2023 3,040 SF
10210 State, Marysville, WA 98271-7214 $820,000 Nov 2021 2,414 SF
2730 172nd NE, Marysville, WA 98271-4420 $1,020,000 Feb 2020 5,076 SF
14524 Smokey Pt, Marysville, WA 98271-8921 $1,769,952 Jul 2019 8,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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