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    Everett Mall Plaza Retail Space Title is generated by Realmo AI

    1201 Southeast Everett Mall Way, Everett, WA 98208

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    Shopping plaza with 83% occupancy and strong corridor exposure along Everett Mall Way.

    Type:Retail
    Property size:
    124,268 SF
    Added:
    Jun 2, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 1:57 am

    Property Features for 1201 Southeast Everett Mall Way

    General Information

    Standard status
    Active
    Size
    124,268 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Dino Christophilis

    Listing agent Dino Christophilis License #WA 24717

    Listing office CBRE - Seattle

    Listing date Jun 2, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Seattle

    HighLights

    • Everett Mall Plaza is a shopping plaza built in 1985.
    • 83% occupancy at time of listing.
    • Located at the most premium intersection in the submarket with exposure along Everett Mall Way.
    • Everett Mall Way traffic: 41,000+ cars per day (per listing remarks).
    • The property is across from the 670,000 SF Everett Mall.
    • Everett Mall tenants include Trader Joe’s, Burlington, Floor & Décor, Five Below, and ULTA.

    Overview

    Everett Mall Plaza is a retail shopping-center property that is currently 83% occupied. The offering is positioned as a value-add opportunity within the broader Everett Mall ecosystem.

    The plaza sits at a premium intersection in the submarket, with superior exposure along Everett Mall Way, a corridor reported at 41,000+ cars per day. Everett Mall is located directly across Everett Mall Way and is anchored by Trader Joe’s, Burlington, Floor & Décor, Five Below, and ULTA.

    For tenants and buyers looking to align with a major retail draw, the property’s adjacency to these national and off-price anchors provides a clear retail tenant mix nearby. In addition, Everett Mall is undergoing repositioning toward an open-air retail configuration, with an additional 300 apartment units planned as part of the same overall redevelopment. This mix of retail activity and new residential programming can support ongoing demand for neighborhood- and destination-oriented retail.
    Location Intelligence

    Current Use by Public Records

    Quality Sewing & Vacuum (Bike/Boat/Book/etc) Store Jazzy Nails & Spa Nail Salon Mattress Depot USA Furniture & Home Goods Edward Jones - FinanciaI ... Financial Advisor L’amour Hair Nail ... Nail Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Centro comercial — 1402 SE Everett Mall Way, Everett, WA 98208
    • 607 Marketplace — 607 SE Everett Mall Way, Everett, WA 98208
    • Everett Mall — 1402 SE Everett Mall Way, Everett, WA 98208
    • Coinstar Kiosk | Bitcoin ATM — WinCo, 9900 19th Ave SE, Everett, WA 98208
    • Coin Cloud Bitcoin ATM — 1402 SE Everett Mall Way, Everett, WA 98208

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2161537
    Latitude
    47.9119697

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    FAQs

    What type of property is this?
    Shopping center - Shopping plaza with 83% occupancy and strong corridor exposure along Everett Mall Way.
    Where is this shopping center located?
    The property is located at 1201 Southeast Everett Mall Way Everett, WA.
    What are key features of this property?
    This property features: Everett Mall Plaza is a shopping plaza built in 1985.; 83% occupancy at time of listing.; Located at the most premium intersection in the submarket with exposure along Everett Mall Way.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dino Christophilis
    Real Estate License ID: WA 24717
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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.

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