Log In/Sign Up
Your email has been sent.
Mixed Use/Corner Property,Lakewood Marysville 1612 172nd St NE 1,120 SF Office Building Marysville, WA 98271 $1,259,553 CAD ($1,124.60 CAD/SF) 5.32% Cap Rate



Investment Highlights
- Exceptional building on a prominent corner in Marysville's high-growth Lakewood District, minutes from I-5.
- Zoning allows: Professional practice (medical, dental, veterinary, legal, insurance, or real estate)
- Strong Traffic Counts. Close to I-5 and 172nd Street NE and this location total over 50,000 VPD.
Executive Summary
Exceptional building on a prominent corner in Marysville's high-growth Lakewood District, minutes from I-5.
Explosive Population Growth: Lakewood Master Planned District of Marysville is among the fastest growing submarkets in Washington State. 1,987 new homes adding over 5,000 new residents are under construction.
Strong Traffic Counts. Close to I-5 and 172nd Street NE and this location total over 50,000 VPD.
Key Value Drivers:
• Fully renovated in 2017, move-in-ready professional space with no deferred maintenance
• Corner lot with dual street frontage and strong visibility on 172nd Street NE
• Grandfathered electronic marquee sign, non-reproducible under current sign codes
• Full ADA accessibility with paved, dedicated off-street parking
• Established professional-office use within a flexible Mixed-Use (MU) zone
• Approximately 1,900 usable square feet across two finished levels; professional measurement available
• Located in one of Snohomish County's fastest-growing submarkets, where well-presented properties move quickly.
Zoning allows: Professional practice (medical, dental, veterinary, legal, insurance, or real estate) seeking a signature corner location, or an investor pursuing a stabilized asset with signage and visibility in a growing market. Welcome to Marysville!
Explosive Population Growth: Lakewood Master Planned District of Marysville is among the fastest growing submarkets in Washington State. 1,987 new homes adding over 5,000 new residents are under construction.
Strong Traffic Counts. Close to I-5 and 172nd Street NE and this location total over 50,000 VPD.
Key Value Drivers:
• Fully renovated in 2017, move-in-ready professional space with no deferred maintenance
• Corner lot with dual street frontage and strong visibility on 172nd Street NE
• Grandfathered electronic marquee sign, non-reproducible under current sign codes
• Full ADA accessibility with paved, dedicated off-street parking
• Established professional-office use within a flexible Mixed-Use (MU) zone
• Approximately 1,900 usable square feet across two finished levels; professional measurement available
• Located in one of Snohomish County's fastest-growing submarkets, where well-presented properties move quickly.
Zoning allows: Professional practice (medical, dental, veterinary, legal, insurance, or real estate) seeking a signature corner location, or an investor pursuing a stabilized asset with signage and visibility in a growing market. Welcome to Marysville!
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$66,230
|
$59.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,230
|
$59.13
|
| Taxes |
-
|
-
|
| Operating Expenses |
$7,378,318
|
$6,587.78
|
| Total Expenses |
$7,378,318
|
$6,587.78
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $66,230 |
| Annual Per SF | $59.13 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $66,230 |
| Annual Per SF | $59.13 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,378,318 |
| Annual Per SF | $6,587.78 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $7,378,318 |
| Annual Per SF | $6,587.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,120 SF
Building Class
B
Year Built/Renovated
1901/2017
Price
$1,259,553 CAD
Price Per SF
$1,124.60 CAD
Cap Rate
5.32%
NOI
$67,008 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
560 SF
Building FAR
0.17
Lot Size
0.15 AC
Zoning
MU - Mixed Use (MU)
Parking
8 Spaces (7.14 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Monument Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Mixed Use/Corner Property,Lakewood Marysville | 1612 172nd St NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.

