Financial
Distress signals
Property profile

720 132Nd St SW Everett, WA 98204

FOR LEASE
Other warehouses
Property ID
US90-0602708
40,128 SF 1.4 ac lot Built 1990
Last sale Aug 2024 · $8,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial warehouse facility totaling 7,078 square feet, with approximately 1,600 square feet allocated to office space and the remainder configured as warehouse area. The warehouse provides 13-foot clear height and includes both dock and grade-level loading. It is equipped with heavy power, and the overall building layout is potentially divisible to accommodate spaces totaling approximately 5,544 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$81k
Tax billed · 2023
Assessed value$9.95M
Assessed land$1.47M
Assessed improvement$8.48M
Effective rate0.82%

Value estimate

· Sep 2026
$10.60M
$9.54M – $11.65M
AI approach$8.67M
CAP approach$6.91M
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$3k
Operating expenses−$11k
NOI · 2,037,538.46% cap applied$26k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$309/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$100 – $453

Cap rate analysis

How does the asset earn?
2,037,538.46%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
SK
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.2
Realty agency13.6
Auto Parts Store12.6

Location

720 132Nd St SW Everett, WA 98204
County assessor Recorded deeds · 12 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11504 Airport, Everett, WA 98204-3743 $5,000,000 Jan 2026 25,200 SF
11315 27th W, Everett, WA 98204-3500 $6,700,000 May 2025 51,498 SF
2010 Casino, Everett, WA 98204-1402 $6,600,000 Oct 2024 34,740 SF
1104 132nd SW, Everett, WA 98204-6384 $1,600,000 Apr 2021 30,565 SF
2211 Casino, Everett, WA 98204-1456 $185,000 Dec 2020 35,826 SF
13100 4th W, Everett, WA 98204 $10,250,000 Apr 2019 44,128 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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