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Property profile & analytics
FOR LEASE
Retail space

3131 Smokey Point Dr Arlington, WA 98223

31,562 SF 1.94 ac lot Built 1978
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US90-3263453
Property summary
AI-generated overview

This exceptional investment opportunity presents a multi-tenant retail and office complex in Arlington, Washington's thriving Smokey Point area. The property, known as Smokey Point Shopping Center, comprises two buildings totaling 87,101 square feet situated on a substantial 287,060 square foot lot. Built in 1978, the center boasts 300 parking spaces, ensuring ample convenience for tenants and customers. Currently, there are multiple tenants occupying the space, with two available units ranging from 1,800 to 6,237 square feet, ideal for a variety of businesses. The property's zoning is HC, and its location at 3131 & 17306 Smokey Point Drive, Arlington, WA 98223, places it in a high-traffic area, benefiting from strong visibility and accessibility. The center is strategically positioned alongside successful businesses such as Pursuit Fitness, Asgard Massage, and DriveBar Virtual Golf, creating a synergistic environment. The property's multiple building configuration and flexible space options provide significant potential for diverse tenant occupancy and revenue streams. The property's APN numbers are 00645300000300, 00645300000700, 00645300000801, 00645300000900, 00645300001000, and 31052000400500, located in Snohomish County. This well-established center offers a compelling investment opportunity with strong potential for future growth and profitability. The property's diverse subtype designations, including Executive Office, Medical Office, and Flex space, further enhance its versatility and appeal to a wide range of potential tenants.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Construction TYPE NOT SPECIFIED
Total area 31,562 SF
Lot 1.94 ac (84,506 SF)
Zoning code HC
APN 645300001001
UPID US90-3263453
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.12M
Owner & transaction history
Ironmount INC · 7 yrs held
Ironmount INC
since 2018
7 recorded transactions
2023
Price N/A
2018
$8.7M
2016
Price N/A
2003
$7.2M
1999
Price N/A
1998
$3.0M
1969
Price N/A
Zoning & alternative use
HC · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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