2815 Baker Ave, Everett, WA 98201
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.
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The Pelham Group NW Real Estate Agency
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Cierra Candles - Candle and Soap making supplies - Retail Store Home Decor Store
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Kendall Lauren Photography Photography Service (Bike/Boat/Book/etc) Store
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Lindsey Lee Photography (Bike/Boat/Book/etc) Store Photography Service
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
F6 · Everett, WAEverett. Always verify with local authorities before improvements.
Costs & 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.