16410 Smokey Point BlvdArlington, WA 98223

Property Details for 16410 Smokey Point Blvd

Year built

1991

Construction

TYPE NOT SPECIFIED

Lot size

2.23 AC

Property size (Sq ft)

27,945 SF

Zone code

A4

Property type

Healthcare properties

Property subtype

Medical offices

APN

31052900100800

APU

31052900100800

Description

This exceptional Class B medical office building, located at 16410 Smokey Point Blvd in Arlington, WA 98223, offers multiple suites for lease. The building totals 25,065 square feet and sits on a 2.51-acre lot, providing ample parking with 118 spaces. Available spaces range from a minimum of 1,191 square feet to a maximum contiguous space of 3,483 square feet, with a total of 6,384 square feet currently vacant. The property boasts unparalleled visibility from Interstate 5, with convenient access from Smokey Point Boulevard. The building features attractive lobbies and common areas, designed to cater to medical and professional tenants. Arlington's strong demographics show promising growth, with projections of 8% growth over the next five years. This presents a unique opportunity for medical practices or other professional businesses seeking high-visibility space in a thriving community. The building is well-maintained and offers a comfortable and efficient work environment. Contact us today to learn more about leasing opportunities and explore the potential of this prime Arlington location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,537,739

  6.5%

  $6,957,913

  7%

  $6,460,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,494,533

  Geo Method

  $5,381,648

• Alternative Use

  Use

  Valuation

  Residential

  $8,627,812

  Hospitality

  $7,903,030

  Educational

  $6,575,228

  Medical

  $6,801,360

  Retail

  $10,228,132

Location Insight

City

Arlington

County

Snohomish

State

Washington

Latitude

48.1455

Longitude

-122.184

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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