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    6611 Associated Blvd Everett, WA 98203
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    Property profile & analytics

    6611 Associated Blvd Everett, WA 98203

    View on Map
    • Distribution properties
    • 90,970 SF
    • 5.00 lot acres
    For Lease
    $15,060,000
    View Listing →
    Everett Warehouse Space Available For Lease
    $15,060,000
    91,544 SF

    Everett Warehouse Space Available

    91,544 SF warehouse space available near Boeing Everett facility.

    6611 Associated Blvd, Everett, WA
    View Listing
    Property ID
    US90-0404401
    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.
    Value Estimations
    $15,060,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LBA Realty / Property Management Company

    Property Details for 6611 Associated Blvd

    Year built
    2008
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.00 lot acres
    Property size
    90,970 SF
    Zone code
    M-1
    Property type
    Distribution properties
    APN
    28040100303200
    APU
    28040100303200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $11,635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,684,000
      Market price range: $1.28M - $19.2M

    • Alternative Use

      Use
      Estimation
      TRUCK TERMINAL (MOTOR FREIGHT)
      $11,225,000
      Current use
      OFFICE BUILDING
      $18,250,000
      Change: +63% Conversion: Difficult
      RESTAURANT
      $13,475,000
      Change: +20% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $10,505,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.245
    Latitude
    47.9373
    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
    $154,368
    $3,233,100
    $16,749,200
    $19,982,300
    -
    $3,233,100
    $16,749,200
    $19,982,300

    Comparable in this City

    • Value Estimation
      $4,305,000
      106,200 SF

      6605 Hardeson Rd

      COM AUTO TRANS/STORAGE • 106,200 SF
      6605 Hardeson Rd, Everett, WA 98203-7117
      View Details
    • Value Estimation by Request
      775 SF

      7505 Seaway Blvd

      COM AUTO TRANS/STORAGE • 775 SF
      7505 Seaway Blvd, Everett, WA 98203-7214
      View Details
    • Value Estimation
      $1,300,000
      25,314 SF

      1304 80th SW St

      COM AUTO TRANS/STORAGE • 25,314 SF
      1304 80th SW St, Everett, WA 98203-6253
      View Details
    • Value Estimation
      $1,550,000
      11,360 SF

      6414 Hardeson Rd

      COM AUTO TRANS/STORAGE • 11,360 SF
      6414 Hardeson Rd, Everett, WA 98203-5858
      View Details
    • Value Estimation
      $8,700,000
      29,608 SF

      1808 Merrill Crk Pkwy

      COM AUTO TRANS/STORAGE • 29,608 SF
      1808 Merrill Crk Pkwy, Everett, WA 98203-5861
      View Details
    • Value Estimation
      $11,325,000
      121,938 SF

      6525 Hardeson Rd

      FOUNDRY, INDUSTRIAL PLANT • 121,938 SF
      6525 Hardeson Rd, Everett, WA 98203-5864
      View Details

    Similar Nearby for Sale

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      Warehouse space for sublease with convenient access to major routes.
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      7,778 SF

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      7,778 SF industrial property available in Everett, Washington.
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      Pending

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      Everett Warehouse Space for Sublease

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      Mixed-Use Asset in Everett Core

      Mixed-use property with development potential in Everett's urban core.
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    Similar Nearby for Lease

    • $2 SF/Yr
      121,072 SF

      Industrial Space Near Boeing Everett

      Industrial space for lease near Boeing, completion anticipated Q3 2024.
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      View Details
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      220,000 SF

      South Everett Distribution Center

      220,000 SF distribution center in South Everett available for rent.
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      View Details
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      20,843 SF

      Everett Warehouse with Dock Doors

      20,843 SF warehouse with dock and grade-level doors.
      5901 23Rd Dr W, Everett, WA 98203
      View Details
    • Contact for pricing
      91,544 SF

      Everett Warehouse Space Available

      91,544 SF warehouse space available near Boeing Everett facility.
      6611 Associated Blvd, Everett, WA 98203
      View Details
    • Contact for pricing
      78,317 SF

      Industrial Property in Everett, WA

      Industrial property available for rent in Everett, Washington.
      5900 36Th Ave W, Everett, WA 98203
      View Details
    • Contact for pricing
      48,740 SF

      Industrial Building with Secure Yard

      48,740 SF industrial building with 1.40 AC secure yard.
      1118 80Th St Southwest, Everett, WA 98203
      View Details
    View Listing
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    Everett, WA 98203
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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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    6611 Associated Blvd, Everett, WA, 98203
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