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Property profile & analytics
FOR SALE
Medical Office Space

16410 Smokey Point Blvd Arlington, WA 98223

27,945 SF 2.23 ac lot Built 1991
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-0821044
No photos on file
For Sale
$9,125,000 27,945 SF
16410 Smokey Point Blvd, Arlington, WA 98223
View Listing →
Property summary
AI-generated overview

This exceptional Class B medical office building, located at 16410 Smokey Point Blvd in Arlington, WA 98223, offers multiple suites for lease. The building totals 25,065 square feet and sits on a 2.51-acre lot, providing ample parking with 118 spaces. Available spaces range from a minimum of 1,191 square feet to a maximum contiguous space of 3,483 square feet, with a total of 6,384 square feet currently vacant. The property boasts unparalleled visibility from Interstate 5, with convenient access from Smokey Point Boulevard. The building features attractive lobbies and common areas, designed to cater to medical and professional tenants. Arlington's strong demographics show promising growth, with projections of 8% growth over the next five years. This presents a unique opportunity for medical practices or other professional businesses seeking high-visibility space in a thriving community. The building is well-maintained and offers a comfortable and efficient work environment. Contact us today to learn more about leasing opportunities and explore the potential of this prime Arlington location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1991
Construction TYPE NOT SPECIFIED
Total area 27,945 SF
Lot 2.23 ac (97,139 SF)
Zoning code A4
APN 31052900100800
UPID US90-0821044
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.30M
Comparable Approach Comparable
$8.71M
Blend (final) Blend
$8.25M
Owner & transaction history
East Evergreen LLC · 1 yrs held
East Evergreen LLC
since 2025
Last sale
$9.0M
5 recorded transactions
2025
$9.0M
2023
Price N/A
2017
Price N/A
2006
Price N/A
1991
$2.0M
Zoning & alternative use
A4 · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $12.1M +11.1%
Apartment house (5+ units) $11.6M +5.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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