Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3229 Hoyt Ave Everett, WA 98201
    Back to Search
    Property profile & analytics

    3229 Hoyt Ave Everett, WA 98201

    View on Map
    • Medical Office Space
    • 4,296 SF
    • 0.21 lot acres
    For Sale
    $1,930,000
    View Listing →
    Two-Tenant Dental Clinic Investment For Sale
    $1,930,000
    0.21 Acres

    Two-Tenant Dental Clinic Investment

    Two-tenant NNN dental clinic investment opportunity in Everett, Washington.

    3229 Hoyt Ave, Everett, WA
    View Listing
    Property ID
    US90-3123485
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Everett Endodontics / Dental Office
    • Dr. Tiina Oviir, DDS / Dental Office
    • Wahan Serv S DDS / Dental Office
    • OM3 Oral Maxillofacial & Implant Surgery / Dental Office
    • Dr. Peter H. Kim, DDS, Board Certified Oral Surgeon / Dental Office

    Property Details for 3229 Hoyt Ave

    Year built
    1977
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    4,296 SF
    Zone code
    FS
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    439176801400
    APU
    439176801400

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,085,000
      6.5%
      $1,000,000
      7%
      $930,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.209
    Latitude
    47.9741
    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
    $9,636
    $330,000
    $843,500
    $1,173,500
    -
    $330,000
    $843,500
    $1,173,500

    Comparable in this City

    • Value Estimation
      $6,775,000
      42,731 SF

      3927 Rucker Ave

      MEDICAL BUILDING • 42,731 SF
      3927 Rucker Ave, Everett, WA 98201-4833
      View Details
    • Value Estimation
      $43,350,000
      301,000 SF

      1301 Rockefeller Ave

      MEDICAL BUILDING • 301,000 SF
      1301 Rockefeller Ave, Everett, WA 98201
      View Details
    • Value Estimation
      $1,430,000
      7,607 SF

      4027 Hoyt Ave

      MEDICAL BUILDING • 7,607 SF
      4027 Hoyt Ave, Everett, WA 98201-4920
      View Details
    • Value Estimation
      $1,320,000
      6,640 SF

      4004 Colby Ave

      MEDICAL BUILDING • 6,640 SF
      4004 Colby Ave, Everett, WA 98201-6203
      View Details
    • Value Estimation
      $1,320,000
      7,386 SF

      3822 Colby Ave

      MEDICAL BUILDING • 7,386 SF
      3822 Colby Ave, Everett, WA 98201-4913
      View Details
    • Value Estimation by Request
      2,800 SF

      1111 Pacific Ave

      MEDICAL BUILDING • 2,800 SF
      1111 Pacific Ave, Everett, WA 98201-4200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,040 SF

      Medical Office Space Available

      Small medical office space featuring exam rooms and restrooms.
      3125 Colby Ave, Everett, WA 98201
      View Details
    • $2,318,950

      Everett Medical Office Building For Sale

      Medical office building with strong tenant base and upside potential.
      3125 Colby Ave, Everett, WA 98201
      View Details
    • Contact for pricing
      1,467 SF

      Medical Office Space Available

      High-visibility medical office building near downtown Everett with ample parking.
      3327 Colby Ave, Everett, WA 98201
      View Details
    • Contact for pricing

      Two-Tenant Dental Clinic Investment

      Two-tenant NNN dental clinic investment opportunity in Everett, Washington.
      3229 Hoyt Ave, Everett, WA 98201
      View Details
    • $1,930,000

      Everett Dental Clinic Investment Opportunity

      Two-tenant dental clinic investment property in Everett, Washington.
      3229 Hoyt Ave, Everett, WA 98201
      View Details
    • $650,000

      Everett Retail/Medical Building on Broadway

      1,829 SF building suitable for retail, office, or medical use.
      1716 Broadway, Everett, WA 98201
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo
      1,040 SF

      Medical Office Space Available

      Small medical office space featuring exam rooms and restrooms.
      3125 Colby Ave, Everett, WA 98201
      View Details
    • $2,812 /Mo
      1,467 SF

      Medical Office Space Available

      High-visibility medical office building near downtown Everett with ample parking.
      3327 Colby Ave, 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
    • $1,179 /Mo
      566 SF

      Downtown Everett Historic Office Building

      Creative workspace in a newly renovated, historic downtown Everett building.
      2210 Hewitt Ave, Everett, WA 98201
      View Details
    • $9,598 /Mo
      4,607 SF

      Office Space with Private Offices

      Ground floor office space featuring 12 private offices.
      2918 Colby Ave, Everett, WA 98201
      View Details
    • $1,251 /Mo
      836 SF

      Retail/Office Space on Grand Ave

      Small retail or office space with direct Grand Ave access.
      2818 Grand Ave, Everett, WA 98201
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3229 Hoyt Ave
    Everett, WA 98201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3229 Hoyt Ave, Everett, WA, 98201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!