Property profile

4425 3rd Ave Everett, WA 98203

OFF-MARKET
Manufacturing properties
Property ID
US90-1348365
120,284 SF 8.93 ac lot Built 1913
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11.22-acre commercial land parcel presents a unique investment opportunity in Everett, Washington. Strategically located just east of Interstate 5 and south of the 41st Street Interchange, this property offers unparalleled access to major transportation arteries. The site encompasses approximately 7.9 acres of flat, largely paved, and improved land, ready for immediate development. A two-story, 1970s-era concrete tilt-up building currently sits on the property, featuring existing office spaces. This building can be incorporated into future plans, utilized as-is, renovated, or demolished to suit your vision. All essential utilities—water, sewer, electricity, and fiber optic internet—are readily available on-site. While currently possessing one access point, the property's configuration allows for the addition of another. A significant advantage is the property's adjacency to the BNSF Railroad, with the potential to reinstate a rail connection via a previously existing spur. The property's zoning is City of Everett LI (Light Industrial), providing flexibility for a variety of commercial and industrial uses. The Assessor's Parcel Numbers (APNs) are 29053200205900, 29053200200200, 00500500305800, 29053200201400, and 29053200304200. The address is 4425 S 3rd Ave, Everett, WA 98203.

Property profile

Verified
Property type Manufacturing properties
Use group ASSEMBLY (LIGHT INDUSTRIAL)
Year built 1913
Construction WOOD
Total area 120,284 SF
Lot 8.93 ac (388,991 SF)
Zoning code FD
APN 29053200200100
UPID US90-1348365

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
  • Industrial Manufacturer Production Facility

Location

4425 3rd Ave Everett, WA 98203-2515
Everett metro Census 41500 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.30M

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2019
Price N/A

Zoning & alternative use

FD · 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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