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    17313 27Th Ave NE Arlington, WA 98271
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    17313 27Th Ave NE, Arlington, WA 98271

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    • Life science properties
    • 1,200 SF
    • 0.63 lot acres
    For Sale
    $800,000
    View Listing →
    Smokey Point Retail Pad Site For Sale
    $800,000
    27,443 SF

    Smokey Point Retail Pad Site

    Premier location in Smokey Point retail corridor near I-5.

    17313 27th Ave NE, Arlington, WA 98271
    View Listing
    Property ID
    US90-1548914
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Life science properties

    Property Details for 17313 27Th Ave NE

    Lot size
    0.63 lot acres
    Property type
    Life science properties
    APN
    31052000403900

    Description

    This exceptional 0.63-acre lot, identified as Snohomish County Parcel 31052000403900, presents a unique investment opportunity in Arlington, Washington. Located at 17313 27th Ave NE, zip code 98223, this property is part of a larger 7-acre retail development boasting unparalleled visibility and accessibility. The site benefits from an ideal location with unsurpassed access and visibility from Interstate 5, offering incredible pylon signage potential. A drive-thru end cap is available and can be demised, providing flexibility for various development scenarios. The property's strategic position is further enhanced by its proximity to a high-traffic 55,000 square foot Everett Clinic, generating significant customer draw with an impressive 82 patient per hour capacity and 249 cars passing the site at peak load. The site offers excellent access from both 172nd St NE and 27th Ave NE. The building size can range from 1,200 to 7,200 square feet, making it suitable for a variety of research and development uses. The asking price for this NNN-leased, single-tenancy property is $1,000,000. This is a rare chance to acquire a high-profile property in a thriving location with significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Snohomish
    State
    Washington
    Longitude
    -122.1250016
    Latitude
    48.1985793

    Comparable in this City

    • Contact for pricing
      21,969 SF

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      Smokey Point Multi-Use Space

      17,000 SF multi-use space in busy Smokey Point area.
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      17,000 SF

      Smokey Point Multi-Use Space

      17,000 SF multi-use space in busy Smokey Point area.
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      21,969 SF

      New Truck/Auto Service Facility

      Class A facility on 4.5 acres with highway frontage.
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      Recently renovated retail/office space with flexible layout and excellent visibility.
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      65,682 SF

      Arlington Land Ready For Development

      Prime commercial land suitable for retail and multifamily ventures.
      16901 Smokey Point Blvd, Arlington, WA 98223
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,969 SF

      Modern Facility with I-5 Visibility

      21,969 SF facility on 4.5 acres near I-5.
      20904 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • Contact for pricing

      Smokey Point Multi-Use Space

      17,000 SF multi-use space in busy Smokey Point area.
      18824 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $3,895,000
      17,000 SF

      Smokey Point Multi-Use Space

      17,000 SF multi-use space in busy Smokey Point area.
      18824 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • Contact for pricing
      21,969 SF

      New Truck/Auto Service Facility

      Class A facility on 4.5 acres with highway frontage.
      20904 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • Contact for pricing

      Renovated Retail/Office Space Near Highway

      Recently renovated retail/office space with flexible layout and excellent visibility.
      20308 77Th Ave NE, Arlington, WA 98223
      View Details
    • Contact for pricing
      65,682 SF

      Arlington Land Ready For Development

      Prime commercial land suitable for retail and multifamily ventures.
      16901 Smokey Point Blvd, Arlington, WA 98223
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo

      Smokey Point Commercial Space

      ✨ 1,250 Sq Ft All-Inclusive Office, Showroom Space for Lease!
      18824 Smokey Bay Drive, Arlington, WA 98223
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      Prime Retail/Office/Flex Space Available

      In-line space with successful neighboring tenants.
      3131 Smokey Point Dr, Arlington, WA 98223
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      Retail and Office Spaces Available

      Retail, office, and flex spaces for rent in Arlington.
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    • $155 SF/Yr
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      Arlington Industrial & Office Solutions

      Scalable industrial and office spaces in a strategic Arlington location.
      16910 59Th Ave NE, Arlington, WA 98223
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    • $5,269 /Mo
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      Warehouse and Office Space Available

      Flex space featuring warehouse and office components for lease.
      3810 166Th Pl NE, Arlington, WA 98223
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    • Contact for pricing
      264 SF

      Arlington Industrial and Office Space

      Industrial and office units in central Arlington location.
      16910 59Th Ave NE, Arlington, WA 98223
      View Details
    View Listing
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    Arlington, WA 98271
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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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    17313 27Th Ave NE, Arlington, WA, 98271
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