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Property profile & analytics
OFF-MARKET Estimated value $590,000
Outlet malls

2811 Virginia Ave Everett, WA 98201

5,300 SF 0.15 ac lot Built 1945
Individually Owned 9-yr Hold Free & Clear
Property ID
US90-1125950
Property summary
AI-generated overview

This exceptional industrial property, located at 2811-2815 Virginia Ave in Everett, WA, presents a compelling value-add investment or owner-user opportunity. Comprising three buildings totaling 15,769 square feet of net rentable space on a 26,572 square foot lot, this property offers significant versatility. Built between 1940 and 1967, the buildings feature 15-foot ceilings and three loading docks, enhancing operational efficiency. The property includes approximately 6,500 square feet of open, graveled yard space, providing ample room for storage or maneuvering. The zoning is MU, allowing for a range of uses. The property is currently vacant, presenting an immediate opportunity for lease-up or owner-occupancy. Located in a prime Everett location, this asset benefits from excellent access to major transportation arteries, including I-5 and Highway 2, as well as the Port of Everett. The asking price is $1,850,000, translating to $117.12 per square foot and $69.62 per square foot for the land. The property's strategic location within a low-vacancy submarket, coupled with its versatile composition and strong demographics, makes it an attractive investment prospect with high barriers to entry. This property is ideal for businesses seeking a well-positioned, adaptable industrial space in a thriving market. The property includes multiple 1 & 2-ton cranes and a showroom with two south-facing sliding glass doors. Three separate tax parcels (APN: 00437865901400/00437865901200/00437865903000/00437865902800) comprise the site.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1945
Construction WOOD
Total area 5,300 SF
Lot 0.15 ac (6,534 SF)
Zoning code C-1
APN 437865901200
UPID US90-1125950
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
by Request
Comparable Approach Comparable
$629k
Blend (final) Blend
$590k
Owner & transaction history
Br Bar Leasing Lc · 9 yrs held
Br Bar Leasing Lc
since 2017
2 recorded transactions
2017
$400,000
1993
$375,000
Zoning & alternative use
C-1 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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