Individually Owned 
For Lease
Contact for pricing
1000 SE Everett Mall Way, Everett, WA 98208
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Property summary
AI-generated overview
This exceptional office space at Everett Mall Office Park II offers four available suites ranging from 742 to 3,598 square feet, perfect for businesses of various sizes. Located at 1000 SE Everett Mall Way, Everett, WA 98208, this traditional office space boasts a prime location with excellent access to Interstate 5, providing convenient commuting for employees and clients. The property features ample parking, with a ratio of 4 spaces per 1,000 rentable square feet. Its proximity to Everett's Paine Field Airport (within 2.5 miles) adds significant convenience for those needing frequent air travel. The building benefits from a local ownership team and an on-site building engineer, ensuring efficient management and maintenance. Furthermore, the property's adjacency to the Everett Mall, currently undergoing renovations, promises increased foot traffic and enhanced visibility for your business. This is a unique opportunity to establish your presence in a thriving and rapidly developing area of Snohomish County, Washington. The multiple tenancy structure allows for flexibility and scalability, making it an ideal choice for businesses seeking growth and expansion. Contact us today to schedule a viewing and secure your ideal office space.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
72,307 SF
Lot
4.15 ac (180,774 SF)
Zoning code
C1R
APN
28051800305401
UPID
US90-0401356
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate Agency
-
Real Estate Agency
-
Employment Agency
-
Real Estate Agency
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.86M
Comparable Approach
Comparable
$20.54M
Blend (final)
Blend
$18.15M
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
C1R · Everett, WA
Top alternative use upside
Medical building
$26.9M
+10.3%
Auto repair, garage
$25.4M
+4.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$18.15M
Value range
$16.33M – $19.96M
±10% around blend
Estimated value / SF
$251 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
Income certainty
100
$16.33M
blend $18.15M
$19.96M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
72,307 SF
Lot area
4.15 ac
Year built
1986
Stories
4
APN
28051800305401
Zoning
C1R
Assessed value
$14,532,500
Annual tax
$119,347
3
Income approach: direct capitalization
Partial preview
Income approach indication
$19.86M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$21.51M
@ 6.5% CAP return
$19.86M
@ 7% CAP return
$18.44M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$119,347
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$27.52M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.9 mi away · 66,909 SF
19.5 mi away · 55,125 SF
22.4 mi away · 53,480 SF
23.1 mi away · 69,731 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$18.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 65 sales
$338
-26%
County 197 sales
$357
-30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $251/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+10%
vs current-use indication
Auto Repair, Garage
Office Building · current use
Retail Stores
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
7.10%
Selected cap rate for this office buildings
Derived from the Everett market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.10%
9.0%
NOI (est.)
$50k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$699k
Move the market yield to see immediate price impact.
Value / SF
$10
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.60%7.10%7.60%
$45k
$677k
$629k
$588k
$50k
$752k
$699k
$653k
$55k
$828k
$769k
$719k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$10.20M
10.0 mi · Feb 2026 · $170/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$119,347
Tax year 2023
Assessed value
$14,532,500
Assessed 2023
Previous assessed
$9,288,000
+56.5% YoY
Effective rate
0.82%
On assessed value
Assessed land
$6,421,000
Assessed improvement
$8,111,500
Land market value
$6,421,000
Improvement market value
$8,111,500
Total market value
$14,532,500
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1986
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
4
Total area
72,307 SF
Lot
4.15 ac (180,774 SF)
Zoning code
C1R
APN
28051800305401
UPID
US90-0401356
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1R · Everett, WAZoning C1R · permitted uses
C1R · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
4
Lot
4.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1R
Jurisdiction
Everett, WA
Recorded code
C1R
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1R in Everett, WA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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- Alternative use
- Local Zoning Insight
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