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Property profile & analytics
OFF-MARKET
Estimated value
$3,055,000
Medical Office Space
1005 Pacific Ave Everett, WA 98201-4148
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1367054
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
WOOD
Total area
14,644 SF
Lot
0.33 ac (14,375 SF)
Zoning code
FP
APN
437572301101
UPID
US90-1367054
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Christian J. Schmitt, MD Hotel & Motel
-
Dr. Thao T. Pascual, MD Physician Medical Clinic
-
Dr. Oliver S. Tai, MD Physician
-
Dr. Salwa R. Labib, MD Physician Medical Clinic
-
Dr. Ya-Lan Y. Huang, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.42M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$3.06M
Owner & transaction history
Sound Kidney Centers Puget · 13 yrs held
Sound Kidney Centers Puget
since 2012
7 recorded transactions
Zoning & alternative use
FP · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,700,000
6.5%
$3,415,000
7%
$3,170,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,015,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$4,525,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$209 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$5,050,000
Assessed 2023
Previous assessed
$5,137,000
-1.7% YoY
Assessed land
$484,200
Assessed improvement
$4,565,800
Land market value
$484,200
Improvement market value
$4,565,800
Total market value
$5,050,000
Applied tax rate
10.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
14,644 SF
Lot
0.33 ac (14,375 SF)
Zoning code
FP
APN
437572301101
UPID
US90-1367054
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FP · Everett, WAZoning FP · permitted uses
FP · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.5M
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Sound Kidney Centers Puget
Individual
Mailing address
1019 PACIFIC AVE, EVERETT, WA 98201-4148
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2020
—
Puget Sound Kidney Centers
—
Deed
related
$3,600,000 · Banner Bk
Dec 20, 2012
—
Sound Kidney Centers Puget
Rain Shadow Properties & Inves
Warranty Deed
—
Dec 20, 2012
$750,000
Sound Kidney Centers Puget
Rain Shadow Properties & Inves
Warranty Deed
—
Jan 1, 1994
$250,000
—
—
Grant Deed
related
—
—
—
Hill Street Investment
—
Deed Of Trust
related
$1,400,000 · Frontier Bank
—
—
Hill Street Investment LLC
—
Deed Of Trust
related
$250,000 · Frontier Bank
—
—
Puget Sound Kidney Centers
—
Deed Of Trust
related
$3,600,000 · Banner Bk
—
—
Rain Shadow Props & Inv LLC
—
Deed Of Trust
related
$243,674 · Frontier Bank
—
—
Shadow Properties Rain
—
Deed Of Trust
related
$130,000 · Hill Street Investment LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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