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    Arlington, WA 98223

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    Property profile & analytics

    Arlington, WA 98223

    View on Map
    • Gas stations
    • 0.69 lot acres
    Off-Market
    Property ID
    US90-2121208
    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

    • Gas stations

    Property Details

    Lot size
    0.69 lot acres
    Zone code
    RFS
    Property type
    Gas stations
    APN
    31050800301500
    APU
    31050800301500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Snohomish
    State
    Washington
    Longitude
    -122.198
    Latitude
    48.1876
    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
    $4,311
    $541,000
    $9,700
    $550,700
    -
    $541,000
    $9,700
    $550,700

    Comparable in this City

    • Value Estimation by Request
      1,860 SF

      16815 Smokey Pt Blvd

      SERVICE STATION (FULL SERVICE) • 1,860 SF
      16815 Smokey Pt Blvd, Arlington, WA 98223-8407
      View Details
    • Value Estimation by Request
      432 SF

      Arlington, WA 98223

      SERVICE STATION (FULL SERVICE) • 432 SF
      Arlington, WA 98223
      View Details
    • Value Estimation by Request
      2,549 SF

      3316 172nd NE St

      SERVICE STATION (FULL SERVICE) • 2,549 SF
      3316 172nd NE St, Arlington, WA 98223-6315
      View Details
    • Value Estimation by Request
      3,371 SF

      7430 204th NE St

      SERVICE STATION (FULL SERVICE) • 3,371 SF
      7430 204th NE St, Arlington, WA 98223-8204
      View Details
    • Value Estimation by Request
      1,736 SF

      1801 Pioneer E Hwy

      SERVICE STATION (FULL SERVICE) • 1,736 SF
      1801 Pioneer E Hwy, Arlington, WA 98223-8338
      View Details
    • Value Estimation
      $600,000
      1,512 SF

      337 Ave

      SERVICE STATION (FULL SERVICE) • 1,512 SF
      337 Ave, Arlington, WA 98223-1342
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,969 SF

      New Truck/Auto Service Facility

      Class A facility on 4.5 acres with highway frontage.
      20904 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $1,332,215
      1,344 SF

      NNN Retail Investment Opportunity

      Single-tenant Jiffy Lube with stable income in Arlington, WA.
      17317 Smokey Point Blvd, Arlington, WA 98223
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    • $14,000,000
      21,969 SF

      Modern Facility with I-5 Visibility

      21,969 SF facility on 4.5 acres near I-5.
      20904 Smokey Point Blvd, Arlington, WA 98223
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    • $3,200,000

      Arlington Commercial Land For Sale

      Highly visible commercial land suitable for various business ventures.
      5818 State Route 530 Ne, Arlington, WA 98223
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    • $1,350,000
      2,740 SF

      Arlington Retail Space For Sale

      Profitable spa and stove shop in a fantastic corner location.
      131 W Division St, Arlington, WA 98223
      View Details
    • Contact for pricing
      65,682 SF

      Arlington Land Ready For Development

      Prime commercial land suitable for retail and multifamily ventures.
      16901 Smokey Point Blvd, Arlington, WA 98223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,816 SF

      Highway Commercial Property with Office

      2,816 sqft office on 1 acre lot for rent.
      21006 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $2,497 /Mo
      1,722 SF

      Shop Facility with Yard Space

      1,722 SF shop with overhead doors and yard.
      19203 Smokey Point Blvd, Arlington, WA 98223
      View Details
    • $18 SF/Yr

      Arlington Industrial Warehouse Space Available

      Industrial warehouse space for lease in Arlington, Washington.
      21110 67Th Ave NE, Arlington, WA 98223
      View Details
    • Contact for pricing
      64,396 SF

      Retail Destination Undergoing Transformation

      Retail property undergoing transformation to become a vibrant destination.
      20115 74Th Ave NE, Arlington, WA 98223
      View Details
    • $1,920 /Mo
      886 SF

      Retail/Office Space in Arlington

      886 SF retail/office space with high visibility, near downtown.
      6605 204Th St NE, Arlington, WA 98223
      View Details
    • $1,750 /Mo

      Smokey Point Commercial Space

      ✨ 1,250 Sq Ft All-Inclusive Office, Showroom Space for Lease!
      18824 Smokey Bay Drive, Arlington, WA 98223
      View Details
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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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