3506 168Th St NE Arlington, WA 98223
Property profile & analytics
3506 168Th St NE, Arlington, WA 98223
- Banks
- 3,562 SF
- 0.78 lot acres
Property ID
US90-0394570
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.
Location Intelligence
Current Use by Public Records
- Banks
Property Details for 3506 168Th St NE
- Year built
- 1995
- Construction
- WOOD
- Lot size
- 0.78 lot acres
- Zone code
- A4
- Property type
- Banks
- APN
- 31052800204200
- APU
- 31052800204200
Description
This exceptional 3,562 sq ft commercial building in Arlington, WA, presents a unique investment opportunity. Situated on a 0.78-acre lot (33,977 sq ft) in the thriving Smokey Point area, this Class A property boasts a drive-thru, a fully operational bank vault, and ample parking. Built in 2002, the building is currently vacant and offers flexible leasing options for single or multiple tenants at a rate of $22-$24 per sq ft. The property's HC zoning allows for various uses, including bar, pharmacy/drug store, and QSR/fast food. With a current asking price of $1,500,000, a pro-forma NOI of $85,999, and a pro-forma cap rate of 5.73%, this represents a strong return on investment. The property's prime location near Interstate 5 and State Route 531 ensures high visibility and convenient access. The expansive lot offers potential for future development. This is an ideal opportunity for owner-users seeking future redevelopment or investors looking for a strong performing asset in a growing community. The property's modern construction and well-maintained condition minimize immediate renovation needs. Its proximity to the Amazon Fulfillment Center further enhances its appeal. This is a rare opportunity to acquire a versatile and strategically located commercial property in a rapidly expanding area.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Snohomish
- State
- Washington
- Longitude
- -122.182
- Latitude
- 48.1483
- 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
$11,585
$986,300
$492,200
$1,478,500
-
$986,300
$492,200
$1,478,500
