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Property profile & analytics
OFF-MARKET
Office buildings

3119 Oakes Ave Everett, WA 98201-4405

1,617 SF 0.1 ac lot Built 1906
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US90-0724421
Property summary
AI-generated overview

This exceptional commercial investment opportunity encompasses three well-maintained office buildings situated at 3115, 3117, and 3119 Oakes Avenue in Everett, Washington. The properties are located near the Snohomish County Court, offering convenient access to legal and government services. The combined land area totals 10,454 square feet, spanning 0.24 acres across three adjacent parcels. Each building is currently 100% leased, providing immediate cash flow. Importantly, the lease terms are short, presenting a clear path for future redevelopment plans. The properties are zoned Urban Mixed, allowing for a variety of development options. Ample on-site parking is available for tenants and visitors. This presents a unique chance to acquire a portfolio of income-generating assets with significant upside potential. A fourth adjacent property, located at 3113 Oakes Avenue (NWMLS #2289153), is also available for purchase, offering the possibility of developing all four lots. The existing mortgage may be assumable, subject to qualification. This is an ideal opportunity for investors seeking a strong return on investment with significant long-term growth potential.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1906
Construction WOOD
Total area 1,617 SF
Lot 0.1 ac (4,356 SF)
Zoning code FS
APN 439074000400
UPID US90-0724421
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
  • Russ Juckett Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Stratford Fund I LLC · 8 yrs held
Stratford Fund I LLC
since 2017
7 recorded transactions
2017
Price N/A
2017
$368,263
2017
Price N/A
2012
Price N/A
1992
$121,000
1992
$121,000
1969
Price N/A
Zoning & alternative use
FS · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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