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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16212 Smokey Pt Blvd Marysville, WA 98271-5900

    • Automotive properties
    • 30,129 SF
    • 2.52 lot acres
    OFF-MARKET
    Last Sale
    Jun 12, 2020
    $6,500,000
    Value Estimations
    $8,060,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0363604
    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

    • Sound Harley-Davidson / Motorcycle Shop / (Bike/Boat/Book/etc) Store
    • LiveWire Marysville / Motorcycle Shop

    Property Details for 16212 Smokey Pt Blvd

    Year built
    2006
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.52 lot acres
    Property size
    30,129 SF
    Zone code
    GC
    Property type
    Automotive properties
    APN
    31052900402000
    APU
    31052900402000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,390,000
      ML approach
      $8,405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,511,000
      Market price range: $3.59M - $23.6M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $12,310,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $12,460,000
      Change: +1% Conversion: Difficult
      MEDICAL BUILDING
      $11,765,000
      Change: -4% Conversion: Difficult
      OFFICE BUILDING
      $10,685,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.186
    Latitude
    48.1437
    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
    $53,842
    $2,142,000
    $4,636,000
    $6,778,000
    -
    $2,142,000
    $4,636,000
    $6,778,000

    Comparable in this City

    • Value Estimation
      $1,845,000
      50,826 SF

      11401 State Ave

      VEHICLE SALES, RENTALS • 50,826 SF
      11401 State Ave, Marysville, WA 98271-7210
      View Details
    • Value Estimation by Request
      2,280 SF

      3304 156th NE St

      VEHICLE SALES, RENTALS • 2,280 SF
      3304 156th NE St, Marysville, WA 98271-5901
      View Details
    • Value Estimation
      $2,895,000
      40,020 SF

      16120 Smokey Pt Blvd

      VEHICLE SALES, RENTALS • 40,020 SF
      16120 Smokey Pt Blvd, Marysville, WA 98271-5903
      View Details
    • Value Estimation
      $1,395,000
      16,677 SF

      16232 Smokey Pt Blvd

      VEHICLE SALES, RENTALS • 16,677 SF
      16232 Smokey Pt Blvd, Marysville, WA 98271-5900
      View Details
    • Value Estimation
      $1,055,000
      29,474 SF

      15202 Smokey Pt Blvd

      VEHICLE SALES, RENTALS • 29,474 SF
      15202 Smokey Pt Blvd, Marysville, WA 98271-7871
      View Details
    • Value Estimation
      $1,195,000
      6,104 SF

      15201 39th NE Ave

      VEHICLE SALES, RENTALS • 6,104 SF
      15201 39th NE Ave, Marysville, WA 98271-8901
      View Details

    Similar Nearby for Sale

    • $800,000
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      Smokey Point Retail Pad Site

      Premier location in Smokey Point retail corridor near I-5.
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      Marysville Retail Property: High Growth Area

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      Marysville Retail/Commercial Building For Sale

      Retail/commercial building with vacant parcel near shopping and I-5.
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      Marysville Mixed-Use Development Site

      19.65 acre mixed-use development site in Marysville, Washington.
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      Buildable Lot in Prime Location

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    Similar Nearby for Lease

    • Contact for pricing
      46,991 SF

      Marysville Vehicle Dealership and Repair

      Vehicle dealership and repair location for lease in Marysville.
      6616 35Th Ave NE, Marysville, WA 98271
      View Details
    • $42 SF/Yr
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      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
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    • Contact for pricing
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      Retail Space in Vibrant Center

      High visibility retail space available for rent in Marysville.
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    • Contact for pricing
      408,000 SF

      Cascade Business Park Opportunity

      Master-planned business park with build-to-suit options in Marysville, WA.
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      View Details
    • $1.25 SF/Yr
      14,502 SF

      Marysville Warehouse with Fenced Yard

      Warehouse featuring fenced yard, oversized doors, and freeway access.
      3707 124Th St Northeast, Marysville, WA 98271
      View Details
    • Contact for pricing
      432,000 SF

      Cascade Business Park Land Opportunity

      Land available for build-to-suit in Cascade Industrial Center.
      5414 152Nd St NE, Marysville, WA 98271
      View Details
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    Marysville, WA 98271-5900
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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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