Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20124 Broadway Ave, Unit A Snohomish, WA 98296-7993
    Back to Search
    Property profile & analytics

    20124 Broadway Ave, Unit A, Snohomish, WA 98296-7993

    View on Map
    • Warehouses
    • 47,800 SF
    • 2.81 lot acres
    Off-Market
    Property ID
    US90-0856457
    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
    $7,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hardwood Industries, Inc. of Seattle / Big Box & Wholesale Store / Building Supply
    • Naimor, Inc. / Metal Fabrication Plant / Factory
    • Independent Pet Supply / Distribution Center / Logistics Company
    • Blink Charging Station / Electric Vehicle Charging Station
    • Albrecht Birkenbuel / Construction Company / General Contractor

    Property Details for 20124 Broadway Ave

    Year built
    2008
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.81 lot acres
    Zone code
    TC
    Property type
    Warehouses
    APN
    27052400206200
    APU
    27052400206200

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,075,000
      6.5%
      $9,300,000
      7%
      $8,635,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Snohomish
    County
    Snohomish
    State
    Washington
    Longitude
    -122.111
    Latitude
    47.8144
    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
    $85,455
    $3,652,700
    $7,396,300
    $11,049,000
    -
    $3,652,700
    $7,396,300
    $11,049,000

    Comparable in this City

    • Value Estimation
      $14,950,000
      52,460 SF

      19926 Broadway Ave, Unit B

      WAREHOUSE, STORAGE
      19926 Broadway Ave, Snohomish, WA 98296-7936
      View Details
    • Value Estimation
      $5,365,000
      33,863 SF

      18228 State Rte 9th SE

      MINI-WAREHOUSE, STORAGE
      18228 State Rte 9th SE, Snohomish, WA 98296
      View Details
    • Value Estimation
      $4,600,000
      24,347 SF

      20321 Broadway Ave

      WAREHOUSE, STORAGE
      20321 Broadway Ave, Snohomish, WA 98296-7937
      View Details
    • Value Estimation
      $5,300,000
      34,238 SF

      20124 Broadway Ave Ste C

      WAREHOUSE, STORAGE
      20124 Broadway Ave Ste C, Snohomish, WA 98296-7993
      View Details
    • Value Estimation
      $6,420,000
      44,200 SF

      20124 Broadway Ave Ste D

      WAREHOUSE, STORAGE
      20124 Broadway Ave Ste D, Snohomish, WA 98296-7993
      View Details
    • Value Estimation
      $1,430,000
      8,479 SF

      20031 87th SE Ave

      WAREHOUSE, STORAGE
      20031 87th SE Ave, Snohomish, WA 98296-7971
      View Details

    Similar Nearby for Sale

    • $22,522,070

      New Warehouse Construction Opportunity

      New Class A warehouse space available for sale.
      8323 Maltby Rd, Woodinville, WA 98296
      View Details
    • Contact for pricing
      76,346 SF

      New Construction Warehouse Opportunity

      New construction warehouse, shell completion expected December 2025.
      8323 Maltby Rd, Woodinville, WA 98296
      View Details
    • $2,400,000

      Land with Storage Yard Plans

      Land with permitted plans for a storage yard available.
      18392 83Rd Ave SE, Snohomish, WA 98296
      View Details
    • Contact for pricing

      Cleared Farmland with Ag Zoning

      Level, cleared farmland suitable for various crops.
      6910 Marsh Rd, Snohomish, WA 98296
      View Details
    • Contact for pricing

      Prime Corner Lot on State Route

      1.03-acre corner lot with development potential on State Route 9.
      8224 172Nd St SE, Snohomish, WA 98296
      View Details
    • Contact for pricing

      Snohomish Industrial Land for Lease

      Industrial land for lease with secured entrance in Snohomish.
      9624 Airport Way, Snohomish, WA 98296
      View Details

    Similar Nearby for Lease

    • $438 /Mo
      5,472 SF

      Snohomish Industrial Land and Buildings

      Industrial land with buildings for lease near downtown Snohomish.
      9525 99Th Ave SE, Snohomish, WA 98296
      View Details
    • Contact for pricing
      85,000 SF

      Snohomish Industrial Property Available

      85,000 sqft industrial space for lease in Snohomish, WA.
      20011 87Th Ave SE, Snohomish, WA 98296
      View Details
    • Contact for pricing

      Office and Retail Space Available

      Office and retail spaces for lease with drive-in potential.
      18122 Wa-9, Snohomish, WA 98296
      View Details
    • $16,563 /Mo
      3,975 SF

      Commercial Space on Seattle Hill

      Commercial space with high visibility on Seattle Hill Road.
      13119 Seattle Hill Rd, Snohomish, WA 98296
      View Details
    • Contact for pricing
      494 SF

      Snohomish Office Suite For Rent

      One-room office suite with plumbing available for rent.
      18122 Hwy 9 SE, Snohomish, WA 98296
      View Details
    • Contact for pricing
      85,000 SF

      Snohomish Land For Rent

      Land available for rent in Snohomish, Washington.
      20011 87Th St SE, Snohomish, WA 98296
      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.
    20124 Broadway Ave, Unit A
    Snohomish, WA 98296-7993
    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
    20124 Broadway Ave, Snohomish, WA, 98296
    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!