Property profile

3327 Colby Ave Everett, WA 98201

FOR LEASE
Medical Office Space
Property ID
US90-0797451
1,467 SF 0.25 ac lot Built 1956
Entity Owned 3-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician
  • Physician
  • Pharmacy

Location

3327 Colby Ave Everett, WA 98201
Everett metro Census 40700 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
$800k
Blend (final) Blend
$800k

Owner & transaction history

since 2023
Last sale
$735,260
2 recorded transactions
2023
$735,260
1988
$180,000

Zoning & alternative use

FS · Everett, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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