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    101 128Th St SE Everett, WA 98208
    Property profile & analytics

    101 128Th St SE Everett, WA 98208

    View on Map
    • Hotels
    • 48,584 SF
    • 1.46 lot acres
    For Sale
    $10,950,000
    View Listing →
    Renovated Hotel near Boeing Tour For Sale
    $10,950,000

    Renovated Hotel near Boeing Tour

    Newly renovated hotel near Future of Flight Aviation Center.

    101 128 St SE, Everett, WA 98208
    View Listing
    Property ID
    US90-1479211
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    3.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Unity Coffee Company / Cafe & Coffee Shop
    • Quality Inn & Suites Everett / Hotel & Motel

    Property Details for 101 128Th St SE

    Year built
    1969
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.46 lot acres
    Property size
    48,584 SF
    Zone code
    SK
    Property type
    Hotels
    Property subtype
    Motels
    APN
    28042500400700
    APU
    28042500400700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,295,000
      ML approach
      $9,295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,060,000
      6.5%
      $5,590,000
      7%
      $5,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,770,000
      Market price range: $12.5M - $21.0M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $15,010,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.23
    Latitude
    47.8823
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,754
    $1,532,900
    $7,285,600
    $8,818,500
    -
    $1,532,900
    $7,285,600
    $8,818,500

    Comparable in this City

    • Value Estimation
      $4,755,000
      38,874 SF

      1431 112th SE St

      HOTEL/MOTEL • 38,874 SF
      1431 112th SE St, Everett, WA 98208-4821
      View Details
    • Value Estimation by Request
      40,512 SF

      9602 19th SE Ave

      HOTEL/MOTEL • 40,512 SF
      9602 19th SE Ave, Everett, WA 98208-3805
      View Details
    • Value Estimation
      $10,090,000
      21,432 SF

      1602 Everett Mall Way

      HOTEL/MOTEL • 21,432 SF
      1602 Everett Mall Way, Everett, WA 98208-2835
      View Details
    • Value Estimation
      $1,615,000
      19,872 SF

      8421 Evergreen Way

      HOTEL/MOTEL • 19,872 SF
      8421 Evergreen Way, Everett, WA 98208-2613
      View Details
    • Value Estimation
      $6,060,000
      52,704 SF

      8410 Broadway

      HOTEL/MOTEL • 52,704 SF
      8410 Broadway, Everett, WA 98208-2136
      View Details
    • Value Estimation by Request
      10.82 Acres

      11500 Meridian S Ave

      MOBILE HOME PARK, TRAILER PARK • 10.82 Acres
      11500 Meridian S Ave, Everett, WA 98208-4926
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sunrise Inn Hotel/Motel Property

      Hotel/motel with 66 units, great investment opportunity.
      8421 Evergreen Way, Everett, WA 98208
      View Details
    • $10,950,000

      Renovated Hotel near Boeing Tour

      Newly renovated hotel near Future of Flight Aviation Center.
      101 128Th St SE, Everett, WA 98208
      View Details
    • Contact for pricing

      Sound View Buildable Lot

      Near one-acre lot with sound and mountain views.
      1926 Maple St, Everett, WA 98208
      View Details
    • Contact for pricing

      Three Land Parcels For Sale

      Three adjacent land parcels totaling 1.14 acres for sale.
      816 126Th St, Everett, WA 98208
      View Details

    Similar Nearby for Lease

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      3,206 SF

      Retail Space Near Boeing Everett

      Vibrant shopping center space near Boeing Everett and Paine Field.
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    • Contact for pricing
      4,000 SF

      Everett Retail Space Available

      8,925 SF retail space for lease in Everett, WA.
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    • $35,928
      16,582 SF

      Everett Office Building For Lease

      Three-story office building with ample parking and convenient highway access.
      125 130Th St SE, Everett, WA 98208
      View Details
    • $26 SF/Yr
      16,582 SF

      Everett Office Building For Lease

      Three-story office building with convenient I-5 access for lease.
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    • $35,546
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      Everett Office Building For Lease

      Three-story office building with convenient access to Interstate 5.
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    • $26 SF/Yr

      Everett Medical Office Building

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    View Listing
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    Everett, WA 98208
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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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