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    Property profile & analytics
    OFF-MARKET Estimated value $760,000
    Medical Office Space

    3327 Colby Ave, Everett, WA 98201-6403

    1,467 SF 0.25 ac lot Built 1956
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US90-0797451
    Property summary
    AI-generated overview

    This exceptional 2,974-square-foot medical office building, located at 3327 Colby Ave in Everett, WA, presents a unique investment opportunity. Situated on a 0.25-acre lot, this single-tenant property boasts a rich history, having served as a dermatology practice for over three decades. The building, constructed in 1956 and extensively renovated in 2018, comprises two stories. The first floor offers five examination rooms, a reception area, a waiting room, a kitchen, and two bathrooms. The second floor mirrors this layout, providing an additional seven examination rooms, a reception area, a waiting room, a kitchen, and two bathrooms. The building is conveniently located in Snohomish County, WA, with easy access to major transportation routes. The property is currently vacant, offering a blank canvas for a new medical practice or a chance to lease to an established tenant. The absence of elevators should be considered in tenant selection. This freestanding building provides ample space and a well-established medical presence, making it an ideal location for a variety of medical specialties. The property's recent renovation ensures modern amenities and functionality. This is a rare opportunity to acquire a well-maintained, established medical office building in a desirable Everett location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1956
    Construction WOOD
    Total area 1,467 SF
    Lot 0.25 ac (10,890 SF)
    Zoning code FS
    APN 436979101300
    UPID US90-0797451
    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
    • Dr. Michael L. Tjoelker, MD Physician Medical Clinic
    • Valentine Mark C MD Physician Medical Clinic
    • Craig Baugher Physician
    • Laura G Corwin Physician
    • Performance Home Medical Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $730k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $800k
    Blend (final) Blend
    $760k
    Owner & transaction history
    Snow Ball I LLC · 3 yrs held
    Snow Ball I LLC
    since 2023
    Last sale
    $735,260
    2 recorded transactions
    2023
    $735,260
    1988
    $180,000
    Zoning & alternative use
    FS · Everett, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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