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Property profile & analytics
OFF-MARKET Estimated value $540,000
Medical Office Space

403 Granite Ave Granite Falls, WA 98252-8474

3,104 SF 0.38 ac lot Built 1967
Individually Owned 30-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-1745978
Property summary
AI-generated overview

This single-tenant, 3,104-square-foot medical office building is situated in Granite Falls' vibrant Downtown Business District. The property features two office suites, a shared waiting room, and ample parking both on-site and on the street. Built in 1967 and boasting a new roof (2021), this Class C building sits on a 0.38-acre lot encompassing two tax parcels (APN: 00794700000200, 00794700000100) in Snohomish County. The space is zoned CBD and offers excellent potential for various medical uses, including therapy practices. The building includes approximately 2,000 square feet in one suite and 1,104 square feet in the other, including the reception area. Features include six treatment rooms, two reception areas, two offices, 3.5 bathrooms, two lab rooms, an x-ray room, and multiple storage rooms. The suites have separate furnaces, and one suite is equipped with air conditioning. Further inquiries regarding the second lot should be directed to the City of Granite Falls. This is an exceptional opportunity in a rapidly growing area. The entire 3,104 square feet is currently vacant.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1967
Construction WOOD
Total area 3,104 SF
Lot 0.38 ac (16,553 SF)
Zoning code I0
APN 794700000200
UPID US90-1745978
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
  • Granite Falls Medical Clinic Medical Clinic
  • CM SR22 Insurance Group Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$700k
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k
Owner & transaction history
Barry Tanne
Barry Tanne
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I0 · Granite Falls, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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