Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    521 5th St Arlington, WA 98223-1206

    • Assisted living facilities
    • 2,148 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Aug 10, 2021
    $710,000
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0286893
    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

    • Assisted living facilities

    Property Details for 521 5th St

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    2,148 SF
    Zone code
    18
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    411500101000
    APU
    411500101000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $855,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Snohomish
    State
    Washington
    Longitude
    -122.122
    Latitude
    48.1974
    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
    $4,665
    $221,000
    $382,400
    $603,400
    -
    $221,000
    $382,400
    $603,400

    Comparable in this City

    • Value Estimation
      $3,055,000
      102,520 SF

      3607 169th NE St

      HOMES (RETIRED, NURSING) • 102,520 SF
      3607 169th NE St, Arlington, WA 98223-7135
      View Details
    • Value Estimation
      $765,000
      34,110 SF

      8400 207th NE Pl

      HOMES (RETIRED, NURSING) • 34,110 SF
      8400 207th NE Pl, Arlington, WA 98223-5970
      View Details
    • Value Estimation
      $375,000
      9,576 SF

      18308 35th NE Ave

      HOMES (RETIRED, NURSING) • 9,576 SF
      18308 35th NE Ave, Arlington, WA 98223
      View Details
    • Value Estimation
      $325,000
      9,576 SF

      18308 35th NE Ave

      HOMES (RETIRED, NURSING) • 9,576 SF
      18308 35th NE Ave, Arlington, WA 98223
      View Details
    • Value Estimation
      $1,055,000
      97,513 SF

      20909 Olympic NE Pl

      HOMES (RETIRED, NURSING) • 97,513 SF
      20909 Olympic NE Pl, Arlington, WA 98223-4669
      View Details
    • Value Estimation
      $3,665,000
      34,897 SF

      18326 Smokey Pt Blvd

      HOMES (RETIRED, NURSING) • 34,897 SF
      18326 Smokey Pt Blvd, Arlington, WA 98223-8715
      View Details

    Similar Nearby for Sale

    • $6,000,000
      15,271 SF

      Whitehorse Medical Center Investment Opportunity

      Multi-tenant medical office condo near Skagit Regional Health campus.
      875 Wesley St, Arlington, WA 98223
      View Details
    • $1,350,000

      Arlington Property with Kennel Business

      Versatile property with kennel, commercial building, and home.
      19306 8Th Ave, Arlington, WA 98223
      View Details
    • $650,340

      Commercial Lot in Smokey Point

      Commercial lot in mixed-use development near Amazon Distribution Center.
      16714 51St Ave NE, Arlington, WA 98223
      View Details
    • $1,000,000

      37 Acres with Epic Views

      Land with subdivision potential, merchantable timber, and I-5 exposure.
      25600 Old 99, Arlington, WA 98223
      View Details
    • $2,150,000
      2,474 SF

      Arlington Horse Property with Barn

      24.68 acre horse property with custom 10-stall barn.
      12631 State Route 530, Arlington, WA 98223
      View Details
    • $798,350
      20,909 SF

      Commercial Lot in Smokey Point

      Commercial lot in a developing mixed-use area near Amazon.
      4928 168Th St NE, Arlington, WA 98223
      View Details

    Similar Nearby for Lease

    • $288 SF/Yr
      8,487 SF

      Arlington Retail/Office Suites

      Modern suites, ideal location, high traffic.
      7224 204Th St, 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
    • $15 SF/Yr
      7,027 SF

      Arlington Corporate Center Spaces

      Multiple suites, 854-4552 sq ft.
      3810 166Th Pl, 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
    • $4,500 /Mo
      2,816 SF

      Highway Commercial Property with Office

      2,816 sqft office on 1 acre lot for rent.
      21006 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $1.10 SF/Yr
      3,735 SF

      Arlington Office Space Available

      Office space available for lease in Arlington, Washington.
      17825-17935 59Th Ave NE, Arlington, WA 98223
      View Details
    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.
    521 5th St
    Arlington, WA 98223-1206
    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.