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    Property profile & analytics

    3201 Smith Ave Everett, WA 98201

    • Distribution properties
    • 60,751 SF
    • 0.99 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1395674
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Everett Station / Transit Station
    • Sounder-Everett Station / Suburban Train Line
    • Everett Bus Station / Parking Lot & Garage
    • WorkSource Everett / Business Service Center / Employment Agency
    • Cafe Diedrich / Cafe & Coffee Shop

    Property Details for 3201 Smith Ave

    Year built
    2002
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.99 lot acres
    Property size
    60,751 SF
    Zone code
    30
    Property type
    Distribution properties
    APN
    439074401300
    APU
    439074401300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      TRUCK TERMINAL (MOTOR FREIGHT)
      $7,495,000
      Current use
      AUTO REPAIR, GARAGE
      $8,050,000
      Change: +7% Conversion: Difficult
      RESTAURANT
      $7,860,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $6,530,000
      Change: -13% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $6,180,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.198
    Latitude
    47.9755
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $952,000
    $17,956,700
    $18,908,700
    -
    $952,000
    $17,956,700
    $18,908,700

    Comparable in this City

    • Value Estimation
      $12,210,000
      234,485 SF

      200 Marine Vw Dr

      COM AUTO TRANS/STORAGE • 234,485 SF
      200 Marine Vw Dr, Everett, WA 98201-1029
      View Details
    • Value Estimation
      $1,845,000
      15,623 SF

      Everett, WA 98201

      COM AUTO TRANS/STORAGE • 15,623 SF
      Everett, WA 98201
      View Details
    • Value Estimation by Request
      1,300 SF

      3328 Smith Ave

      COM AUTO TRANS/STORAGE • 1,300 SF
      3328 Smith Ave, Everett, WA 98201-4555
      View Details
    • Value Estimation
      $1,455,000
      4,140 SF

      2810 34th St

      COM AUTO TRANS/STORAGE • 4,140 SF
      2810 34th St, Everett, WA 98201-4502
      View Details
    • Value Estimation by Request
      4,136 SF

      2406 39th St

      COM AUTO TRANS/STORAGE • 4,136 SF
      2406 39th St, Everett, WA 98201-4512
      View Details
    • Value Estimation
      $565,000
      7,300 SF

      3516 Paine Ave

      COM AUTO TRANS/STORAGE • 7,300 SF
      3516 Paine Ave, Everett, WA 98201-4589
      View Details

    Similar Nearby for Sale

    • $2,650,000

      Everett Industrial Facility with Yard

      Purpose-built industrial facility with open-air storage and covered shop bays.
      2810 34Th St, Everett, WA 98201
      View Details
    • Contact for pricing
      Pending

      Everett Commercial Development Site I-5

      5.77 acre commercial development site near future light rail.
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    • $4,800,000
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      Rare Flex Building Opportunity

      Mixed-use building with office, retail, and warehouse space for sale.
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    • Contact for pricing
      17,600 SF

      Land with Warehouse and Office

      Land available for sale or lease with existing warehouse.
      300-320 W Marine View Dr, Everett, WA 98201
      View Details
    • $1,050,000
      5,050 SF

      Everett Flex Space with Offices

      Flex space featuring offices, loading door, and ample parking.
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    • $2,650,000
      8,958 SF

      Versatile Industrial Buildings with I-5 Access

      Two-building industrial property with flexible space and convenient highway access.
      2810 34Th St, Everett, WA 98201
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial and Office Spaces Available

      Prime location near maritime industries, highways, and downtown Everett amenities.
      2727 W Marine View Dr, Everett, WA 98201
      View Details
    • Contact for pricing
      2,084 SF

      Warehouse Space Available For Rent

      1,444 SF warehouse space for rent in Everett, WA.
      3409 Mcdougall Ave, Everett, WA 98201
      View Details
    • $11,375 /Mo
      9,100 SF

      Industrial Space with Office Component

      9100 SF flex space with industrial and office areas.
      2110 37Th St, Everett, WA 98201
      View Details
    • $3,872 /Mo
      17,600 SF

      Industrial Land with Existing Warehouse

      21.36 acres available for lease with 17,600 SF building.
      300 Marine View Dr, Everett, WA 98201
      View Details
    • $18,217 /Mo
      10,974 SF

      Everett Flex Space with Office

      10,974 SF flex building with warehouse and office space.
      3727 Mcdougall Ave, Everett, WA 98201
      View Details
    • $19,050 /Mo
      15,810 SF

      Mixed-Use Building in Downtown Everett

      Standalone building with warehouse, office, showroom, and basement spaces.
      2812 Rucker Ave, Everett, WA 98201
      View Details
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    3201 Smith Ave
    Everett, WA 98201
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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