Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3704 172Nd St NE Arlington, WA 98223

    • Banks
    • 3,144 SF
    • 0.35 lot acres
    For Lease
    View listing
    $26 SF/Yr
    Value Estimations
    $345,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0585203
    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

    • Banks

    Property Details for 3704 172Nd St NE

    Year built
    1992
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.35 lot acres
    Property size
    3,144 SF
    Zone code
    A4
    Property type
    Banks
    APN
    31052800206100
    APU
    31052800206100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $322,000
      Market price range: $211k - $385k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $285,000
      Current use
      COMMERCIAL (GENERAL)
      $525,000
      Change: +84% Conversion: Difficult
      OFFICE BUILDING
      $395,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $365,000
      Change: +28% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $285,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Snohomish
    State
    Washington
    Longitude
    -122.178
    Latitude
    48.1521
    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
    $11,056
    $470,600
    $940,400
    $1,411,000
    -
    $470,600
    $940,400
    $1,411,000

    Comparable in this City

    • Value Estimation
      $345,000
      2,952 SF

      17021 Smokey Pt Blvd

      FINANCIAL BUILDING • 2,952 SF
      17021 Smokey Pt Blvd, Arlington, WA 98223-8427
      View Details
    • Value Estimation
      $685,000
      8,856 SF

      16419 Smokey Pt Blvd

      FINANCIAL BUILDING • 8,856 SF
      16419 Smokey Pt Blvd, Arlington, WA 98223-8405
      View Details
    • Value Estimation
      $340,000
      3,950 SF

      504 Olympic Ave

      FINANCIAL BUILDING • 3,950 SF
      504 Olympic Ave, Arlington, WA 98223-1247
      View Details
    • Value Estimation
      $860,000
      7,124 SF

      501 Olympic Ave

      FINANCIAL BUILDING • 7,124 SF
      501 Olympic Ave, Arlington, WA 98223-1246
      View Details
    • Value Estimation
      $340,000
      3,562 SF

      3506 168th NE St

      FINANCIAL BUILDING • 3,562 SF
      3506 168th NE St, Arlington, WA 98223
      View Details
    • Value Estimation
      $490,000
      4,805 SF

      4220 172nd NE St

      FINANCIAL BUILDING • 4,805 SF
      4220 172nd NE St, Arlington, WA 98223-6386
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Former Bank Building For Sale

      High-visibility former bank building with drive-through and ample parking.
      501 N Olympic Ave, Arlington, WA 98223
      View Details
    • $1,350,000
      2,740 SF

      Arlington Retail Space For Sale

      Profitable spa and stove shop in a fantastic corner location.
      131 W Division St, Arlington, WA 98223
      View Details
    • $75,000
      4,295 SF

      Arlington Airport Hangar and Business Space

      Hangar and business space at Arlington Municipal Airport.
      18824 59Th Dr NE, Arlington, WA 98223
      View Details
    • $1,500,000

      Smokey Point Stand-Alone Building

      Well-maintained building in fast-growing Smokey Point, suitable for various uses.
      3506 168Th St NE, Arlington, WA 98223
      View Details
    • $3,200,000

      Arlington Commercial Land For Sale

      Highly visible commercial land suitable for various business ventures.
      5818 State Route 530 Ne, Arlington, WA 98223
      View Details
    • $1,000,000
      0.63 Acres

      Lakewood Pointe Pad 3: Arlington, WA

      Prime Arlington R&D Land: I-5 Visibility
      17313 27Th Ave, Arlington, WA 98223
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      886 SF

      Arlington Retail or Office Space

      886 SF retail/office space with high ceilings and visibility.
      6605 204Th St NE, Arlington, WA 98223
      View Details
    • $24 SF/Yr
      6,588 SF

      Retail Space Near Highway 531

      Retail space with food and beverage build-out near I-5.
      3533 172Nd St Northeast, Arlington, WA 98223
      View Details
    • $35 SF/Yr
      1,600 SF

      Retail Space in Arlington, WA

      Retail space available for lease in Arlington, Washington.
      4008 172Nd St NE, Arlington, WA 98223
      View Details
    • $12 SF/Yr
      87,101 SF

      Smokey Point Retail Center Investment

      Arlington, WA: Prime Retail/Office Space
      3131 Smokey Point Dr, Arlington, WA 98223
      View Details
    • $288 SF/Yr
      8,487 SF

      Arlington Retail/Office Suites

      Modern suites, ideal location, high traffic.
      7224 204Th St, Arlington, WA 98223
      View Details
    • $1,750 /Mo

      Smokey Point Commercial Space

      ✨ 1,250 Sq Ft All-Inclusive Office, Showroom Space for Lease!
      18824 Smokey Bay Drive, Arlington, WA 98223
      View Details

    Property Visit Statistics

    • Visits by month
      2.8k
    • Visitors by month
      3.2k
    • Avg Time on site
      24 min
    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.
    3704 172Nd St NE
    Arlington, WA 98223
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.