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Property profile & analytics
OFF-MARKET Estimated value $14,090,000
Apartment buildings

7224 204th NE St Arlington, WA 98223-8207

104,336 SF 1.47 ac lot Built 2021
Entity Owned 5-yr Hold Free & Clear
Property ID
US90-2131965
Property summary
AI-generated overview

Pilchuck Village offers exceptional retail and office spaces for lease in Arlington, WA. This Class A property, built in 2021, comprises four buildings totaling 8,487 square feet across four stories. Nine individual suites are available, ranging from a minimum of 691 square feet to a maximum contiguous space of 2,803 square feet, perfect for various businesses. The property is zoned for mixed use (MU) and features a convenient location at 7224 204th St NE, Arlington, WA 98223, with excellent visibility on 204th Ave NE. The building offers a "vanilla shell" delivery, with two Type 1 hood capabilities available for restaurant tenants. Its prime location boasts high traffic volume and proximity to major roadways, including Highway 9 and I-5, providing easy access for employees and customers. Nearby amenities include Starbucks, Bartell Drugs, and Safeway, enhancing the property's appeal. The Centennial walking and biking trail is also conveniently located nearby. The property's APN is 00769800000600. This is an excellent opportunity for businesses seeking a modern, well-located space in a thriving community. The property is suitable for coworking, medical office, and creative office uses, as well as retail and restaurant establishments.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 2021
Construction WOOD
Total area 104,336 SF
Lot 1.47 ac (64,033 SF)
Zoning code GC
APN 769800000600
UPID US90-2131965
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.09M
Owner & transaction history
West Edge Development-two LLC · 5 yrs held
West Edge Development-two LLC
since 2020
Last sale
$2,200
5 recorded transactions
2024
Price N/A
2022
Price N/A
2021
Price N/A
2020
Price N/A
2001
Price N/A
Zoning & alternative use
GC · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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