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    9623 State Ave Marysville, WA 98270
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    Property profile & analytics

    9623 State Ave Marysville, WA 98270

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    • Retail space
    • 14,400 SF
    • 3.74 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Retail Space in Marysville For Lease
    $25 SF/Yr
    2,400 SF

    Retail Space in Marysville

    Retail space available for lease in Marysville, Washington.

    9623 State Ave, Marysville, WA
    View Listing
    Property ID
    US90-0416428
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tindahan SA Nayon Filipino / (Bike/Boat/Book/etc) Store / Grocery & Convenience Store
    • CosmoProf / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Coastal Farm & Ranch / (Bike/Boat/Book/etc) Store
    • Jay's Flooring LLC / General Contractor / Renovation Specialist

    Property Details for 9623 State Ave

    Year built
    1981
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.74 lot acres
    Property size
    14,400 SF
    Zone code
    M2
    Property type
    Retail space
    APN
    30051600403100
    APU
    30051600403100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,380,000
      6.5%
      $3,120,000
      7%
      $2,900,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,759,000
      Market price range: $618k - $2.90M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,635,000
      Current use
      COMMERCIAL (GENERAL)
      $4,365,000
      Change: +20% Conversion: Easy
      WAREHOUSE, STORAGE
      $4,160,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.172
    Latitude
    48.0829
    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
    $33,700
    $3,013,200
    $2,633,600
    $5,646,800
    -
    $3,013,200
    $2,633,600
    $5,646,800

    Comparable in this City

    • Value Estimation
      $1,235,000
      6,894 SF

      1826 4th St

      RETAIL STORES (PERSONAL SERVICES) • 6,894 SF
      1826 4th St, Marysville, WA 98270-5039
      View Details
    • Value Estimation
      $1,200,000
      7,376 SF

      6805 51st NE Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,376 SF
      6805 51st NE Ave, Marysville, WA 98270
      View Details
    • Value Estimation
      $2,440,000
      16,334 SF

      1206 State Ave

      RETAIL STORES (PERSONAL SERVICES) • 16,334 SF
      1206 State Ave, Marysville, WA 98270-3645
      View Details
    • Value Estimation
      $1,525,000
      5,508 SF

      8628 36th NE Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,508 SF
      8628 36th NE Ave, Marysville, WA 98270-7245
      View Details
    • Value Estimation by Request
      1,440 SF

      1412 8th St

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      1412 8th St, Marysville, WA 98270-4208
      View Details
    • Value Estimation
      $535,000
      2,799 SF

      626 Ash Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,799 SF
      626 Ash Ave, Marysville, WA 98270-4538
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,676 SF

      Fully Occupied Marysville Retail Building

      Prime location retail building in Marysville with long-term tenants.
      1050-1052 State Ave, Marysville, WA 98270
      View Details
    • Contact for pricing

      Marysville Light Industrial Property

      Profitable sand blasting operation with real estate for sale.
      5503 47Th Ave NE, Marysville, WA 98270
      View Details
    • Contact for pricing

      Marysville Storefront with High Exposure

      997 SF storefront in Marysville with high traffic exposure.
      9501 State Ave, Marysville, WA 98270
      View Details
    • $3,750,000
      Pending

      Fully Occupied Marysville Commercial Building

      Prime commercial real estate in Marysville with long-term tenants.
      1050 State Ave, Marysville, WA 98270
      View Details
    • Contact for pricing

      Historic Tavern in Downtown Marysville

      1,600+ SF former tavern with parking lot.
      204 State Ave, Marysville, WA 98270
      View Details
    • $839,000
      4,120 SF

      Downtown Marysville Mixed-Use Building

      Mixed-use building in downtown Marysville with high visibility.
      1092 State Ave, Marysville, WA 98270
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      904 SF

      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      1220-1262 State 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
    • Contact for pricing
      1,400 SF

      Retail Space in Marysville

      Retail space available for lease in Marysville, Washington.
      9317 State Ave, Marysville, WA 98270
      View Details
    • Contact for pricing
      565 SF

      Retail Space Available For Rent

      Retail space available for rent in Marysville, Washington.
      1520 4Th St, Marysville, WA 98270
      View Details
    • Contact for pricing
      2,065 SF

      Marysville Retail Space Available

      Retail space available for lease in Marysville, Washington.
      1400-1402 State Ave, Marysville, WA 98270
      View Details
    • Contact for pricing

      North Marysville Junior Anchor Space

      Retail space next to Grocery Outlet in rapidly growing area.
      9620 State Ave, Marysville, WA 98270
      View Details

    Property Visit Statistics

    • Visits by month
      1.5k
    • Visitors by month
      1.3k
    • Avg Time on site
      30 min
    View Listing
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    Marysville, WA 98270
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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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