2811 Virginia Ave Everett, WA 98201
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Everett, WACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.