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Property profile & analytics
FOR LEASE
Industrial properties

5625 48Th Dr NE Marysville, WA 98270

20,000 SF 1.22 ac lot Built 1991
Individually Owned 3-yr Hold Free & Clear
Property ID
US90-1586508
No photos on file
For Lease
Contact for pricing 2,576 SF available
5625 48Th Dr NE, Marysville, WA 98270
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Property summary
AI-generated overview

This exceptional multi-tenant industrial property in Marysville, WA, presents a compelling owner-user opportunity. Located at 5625 48th Drive NE, this 23,270 square foot building sits on a 1.22-acre lot and offers a blend of executive office and warehouse space, ideal for a variety of businesses. The property features four units, currently housing two tenants with leases expiring in 2025, presenting a significant upside for potential rental income. Unit A (7,008 SF) and Unit D (9,686 SF) are currently vacant, providing ample space for an owner-occupier. These units boast high ceilings (18' - 22'), clear-span warehouse areas, and excellent loading capabilities with five loading docks and one dock-high door. Additional features include approximately 25 parking spaces, a fenced 7,500 square foot yard, and a 2-ton crane in Unit D. The building, constructed in 1991, is zoned General Industrial (GI) and benefits from convenient access to I-5. The asking price is $3,550,000, translating to $152.56 per square foot. The existing tenants are currently paying below market rent, offering a substantial opportunity for increased revenue upon lease renewal. This property is a rare find, combining significant space, excellent location, and strong potential for both occupancy and rental income. The property's features make it suitable for a wide range of industrial and manufacturing uses.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1991
Construction TYPE NOT SPECIFIED
Total area 20,000 SF
Lot 1.22 ac (53,143 SF)
Zoning code GI
APN 749700000300
UPID US90-1586508
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
  • Fraser Bronze Foundry Inc Industrial Manufacturer Production Facility
  • The Everett Clinic - Materials Management Office Association Or Organization
  • Kinematics Marine Equipment, Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Rhonda Degroot · 3 yrs held
Rhonda Degroot
since 2023
Last sale
$109,000
5 recorded transactions
2023
Price N/A
2010
Price N/A
1989
$109,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GI · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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