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    Property profile & analytics

    5701 48th NE Dr Marysville, WA 98270-5708

    • Industrial properties
    • 12,222 SF
    • 1.19 lot acres
    OFF-MARKET
    Last Sale
    Nov 07, 2023
    $3,075,000
    Value Estimations
    $3,150,000
    Show details
    Cap Rate Potential
    3.7%
    Industrial properties
    Location Intelligence
    Property ID
    US90-1526432
    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

    • Audio Engineers Northwest / Electronics & Wireless Store / Big Box & Wholesale Store
    • Michels Corporation / Construction Company / General Contractor

    Property Details for 5701 48th NE Dr

    Year built
    1987
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.19 lot acres
    Property size
    12,222 SF
    Zone code
    GI
    Property type
    Industrial properties
    APN
    749700000200
    APU
    749700000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,220,000
      ML approach
      $3,225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,534,000
      Market price range: $1.69M - $6.26M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,100,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $5,055,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,995,000
      Change: +61% Conversion: Easy
      MEDICAL BUILDING
      $4,770,000
      Change: +54% Conversion: Difficult
      OFFICE BUILDING
      $4,335,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,705,000
      Change: +20% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,530,000
      Change: +14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.165
    Latitude
    48.0491
    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
    $7,608
    $480,300
    $793,200
    $1,273,500
    -
    $480,300
    $793,200
    $1,273,500

    Comparable in this City

    • Value Estimation
      $950,000
      4,176 SF

      7224 44th NE Ave

      INDUSTRIAL (GENERAL) • 4,176 SF
      7224 44th NE Ave, Marysville, WA 98270-3717
      View Details
    • Value Estimation
      $770,000
      6,000 SF

      7728 47th NE Ave

      INDUSTRIAL (GENERAL) • 6,000 SF
      7728 47th NE Ave, Marysville, WA 98270-3744
      View Details
    • Value Estimation
      $510,000
      4,900 SF

      1217 1st St

      INDUSTRIAL (GENERAL) • 4,900 SF
      1217 1st St, Marysville, WA 98270-4902
      View Details
    • Value Estimation
      $1,125,000
      10,000 SF

      5625 47th NE Ave

      INDUSTRIAL (GENERAL) • 10,000 SF
      5625 47th NE Ave, Marysville, WA 98270-5167
      View Details
    • Value Estimation
      $1,555,000
      9,645 SF

      4803 56th NE Pl

      INDUSTRIAL (GENERAL) • 9,645 SF
      4803 56th NE Pl, Marysville, WA 98270-5702
      View Details
    • Value Estimation
      $785,000
      6,400 SF

      1509 6th St

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 6,400 SF
      1509 6th St, Marysville, WA 98270-4709
      View Details

    Similar Nearby for Sale

    • $4,290,000

      Marysville Redevelopment Opportunity For Sale

      21-acre redevelopment site with interim income in Marysville, WA.
      3824 88Th St NE, Marysville, WA 98270
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      6,894 SF

      Mixed-Use Property with Warehouse Space

      6,894 SF property featuring warehouses, house, and outdoor storage.
      1092-1094 Ash Ave, Marysville, WA 98270
      View Details
    • Contact for pricing
      6,133 SF

      Industrial Warehouse in Downtown Marysville

      Light manufacturing space suitable for owner-users or investors.
      1327 8Th St, Marysville, WA 98270
      View Details
    • $3,550,000
      23,270 SF

      Marysville Industrial Multi-Tenant

      23,270 SF, Multi-Tenant Industrial, Great Value
      5625 48Th Dr, Marysville, WA 98270
      View Details
    • $1,300,000
      6,894 SF

      Warehouses with Flexible House-Office

      Warehouses with fenced yard and house-office near I-5.
      1092 Ash Ave, Marysville, WA 98270
      View Details
    • Contact for pricing

      Industrial Warehouse in Downtown Marysville

      Light manufacturing space suitable for owner-users or investors.
      1327 8Th St, Marysville, WA 98270
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      58,544 SF

      Marysville Warehouse Space Available

      58,544 SF warehouse space for lease in Marysville, WA.
      13923 35Th Ave NE, Marysville, WA 98270
      View Details
    • $1.25 SF/Yr
      9,686 SF

      Marysville Warehouse with Fenced Yard

      9,686 SF warehouse with clear-span and fenced yard.
      5625 48Th Dr NE, Marysville, WA 98270
      View Details
    • Contact for pricing
      32,467 SF

      Land Near Tulalip Resort Casino

      Commercial land for lease near a high-traffic exit.
      8917-8925 35Th Ave NE, Marysville, WA 98270
      View Details
    • Contact for pricing
      13,614 SF

      North Marysville Junior Anchor Space

      Retail space next to Grocery Outlet in a growing area.
      9620 State Ave, Marysville, WA 98270
      View Details
    • Contact for pricing
      412 SF

      Professional Office Space Available

      Flexible office suites with shared reception lobby for rent.
      1106 Columbia Ave, Marysville, WA 98270
      View Details
    • $25 SF/Yr
      2,400 SF

      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      9623 State Ave, Marysville, WA 98270
      View Details
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    Marysville, WA 98270-5708
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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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