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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3723 116th NE St Marysville, WA 98271-8423

    • Retail properties
    • 35,551 SF
    • 1.82 lot acres
    OFF-MARKET
    Value Estimations
    $4,390,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0799981
    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

    • PetSmart Grooming / Pet Grooming Service
    • PetSmart / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • PetSmart Dog Training / Animal Training

    Property Details for 3723 116th NE St

    Year built
    2009
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.82 lot acres
    Property size
    35,551 SF
    Zone code
    M2
    Property type
    Retail properties
    APN
    30050900203100
    APU
    30050900203100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.181
    Latitude
    48.1015
    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
    $40,190
    $1,473,600
    $5,260,900
    $6,734,500
    -
    $1,473,600
    $5,260,900
    $6,734,500

    Comparable in this City

    • Value Estimation
      $10,470,000
      96,025 SF

      3713 116th NE St

      DEPARTMENT STORE • 96,025 SF
      3713 116th NE St, Marysville, WA 98271-8423
      View Details
    • Value Estimation by Request
      4,320 SF

      15524 Smokey Pt Blvd

      DEPARTMENT STORE • 4,320 SF
      15524 Smokey Pt Blvd, Marysville, WA 98271-5911
      View Details
    • Value Estimation by Request
      96 SF

      10331 State Ave

      DEPARTMENT STORE • 96 SF
      10331 State Ave, Marysville, WA 98271-7213
      View Details
    • Value Estimation
      $13,785,000
      126,905 SF

      16818 Twin Lks Ave

      DEPARTMENT STORE • 126,905 SF
      16818 Twin Lks Ave, Marysville, WA 98271-4724
      View Details
    • Value Estimation
      $1,530,000
      8,658 SF

      16822 Twin Lks Ave

      DEPARTMENT STORE • 8,658 SF
      16822 Twin Lks Ave, Marysville, WA 98271-4730
      View Details
    • Value Estimation
      $1,820,000
      19,420 SF

      11031 State Ave

      DEPARTMENT STORE • 19,420 SF
      11031 State Ave, Marysville, WA 98271-7200
      View Details

    Similar Nearby for Sale

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      Smokey Point Retail Pad Site

      Premier location in Smokey Point retail corridor near I-5.
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      Marysville Retail Property: High Growth Area

      12,197 SF Retail Space, High Visibility
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      Marysville Retail/Commercial Building For Sale

      Retail/commercial building with vacant parcel near shopping and I-5.
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    • $474,000

      Buildable Lot in Prime Location

      4-acre lot suitable for custom home with mountain views.
      13216 Meridian Ave, Marysville, WA 98271
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      Marysville Mixed-Use Development Site

      19.65 acre mixed-use development site in Marysville, Washington.
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    Similar Nearby for Lease

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      46,991 SF

      Marysville Vehicle Dealership and Repair

      Vehicle dealership and repair location for lease in Marysville.
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      1,270 SF

      Retail Space in Vibrant Center

      High visibility retail space available for rent in Marysville.
      2639 172Nd St NE, Marysville, WA 98271
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    • $42 SF/Yr
      1,167 SF

      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      2707 171St Pl NE, Marysville, WA 98271
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      408,000 SF

      Cascade Business Park Opportunity

      Master-planned business park with build-to-suit options in Marysville, WA.
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    • $1.25 SF/Yr
      14,502 SF

      Marysville Warehouse with Fenced Yard

      Warehouse featuring fenced yard, oversized doors, and freeway access.
      3707 124Th St Northeast, Marysville, WA 98271
      View Details
    • Contact for pricing
      115,742 SF

      Class A Distribution Space Available

      Largest Class A distribution space with trailer parking and I-5 access.
      4150 152Nd St NE, Marysville, WA 98271
      View Details

    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      3.5k
    • Avg Time on site
      33 min
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    3723 116th NE St
    Marysville, WA 98271-8423
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    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
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