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    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
    2023
    2022
    $4.1M
    2016
    2004
    $960,000
    1992
    $500,000
    1969
    Zoning & alternative use
    F6 · Everett, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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