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Property profile & analytics
FOR SALE
Industrial properties

2815 Baker Ave Everett, WA 98201

30,000 SF 0.34 ac lot Built 1902
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US90-0021673
No photos on file
For Sale
$4,800,000 30,000 SF
2815 Baker Ave, Everett, WA 98201
View Listing →
Property summary
AI-generated overview

The Baker Building, a three-story, 45,000-square-foot Class B property in Everett's CBA submarket, presents a unique investment opportunity. Built in 1905 and extensively renovated in 2018, this multi-tenant building offers a blend of executive office, flex, and warehouse space, currently housing 11 tenants. Two spaces are immediately available, ranging from 2,100 to 2,682 contiguous square feet, with a total of 4,782 square feet currently vacant. The building features desirable amenities including two dock-high doors, two drive-in bays, and 45 total parking spaces, complemented by a recently improved parking lot. Ceiling heights vary from 7 to 12 feet, catering to diverse needs. The 0.5-acre lot is zoned MU and boasts multiple loading and access points. Significant potential exists for owner-users, with 30,000 square feet of adaptable space including a basement warehouse with freight elevator, main floor warehouse space, and second-floor office space. The property's strong financial performance, generating an annual net operating income of $395,784, further enhances its appeal. Its convenient location near Interstate 5 and State Route 2, along with its proximity to various amenities and its location within an Opportunity Zone, makes this a rare and highly desirable flex property. APN: 004378-658-006-00 & 004378-659-031-00, Snohomish County.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1902
Construction TYPE NOT SPECIFIED
Total area 30,000 SF
Lot 0.34 ac (14,810 SF)
Zoning code F6
APN 437865800600
UPID US90-0021673
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
Current use
Occupant on record · Public records
  • The Pelham Group NW Real Estate Agency
  • Cierra Candles - Candle and Soap making supplies - Retail Store Home Decor Store
  • Kendall Lauren Photography Photography Service (Bike/Boat/Book/etc) Store
  • Lindsey Lee Photography (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.26M
Comparable Approach Comparable
$2.27M
Blend (final) Blend
$3.19M
Owner & transaction history
U S Small Business Administration · 2 yrs held
U S Small Business Administration
since 2023
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
$4.1M
2016
Price N/A
2004
$960,000
1992
$500,000
1969
Price N/A
Zoning & alternative use
F6 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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