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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Medical Office Space
1021 Broadway Everett, WA 98201-1405
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0295480
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1946
Construction
WOOD
Total area
6,555 SF
Lot
0.57 ac (24,829 SF)
Zoning code
BMU
APN
29051700203700
UPID
US90-0295480
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. Supriya A. Kang, MD Physician
-
Patricia Nagourney, ARNP Physician
-
Larry Bornstein Physician
-
Michaela Lewis Physician Medical Clinic
-
Lydia Davis Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$1.84M
Owner & transaction history
5j Development LLC · 3 yrs held
5j Development LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
BMU · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+5.1%
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
$2,015,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
$1,655,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,445,000
Current use
RESTAURANT
$2,565,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$2,245,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$2,025,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10% · vs last sale $1.85M (Jan 4 2023)
Last sale anchor
$1.85M
Jan 4 2023
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
$281 / 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
Tax billed
$14,346
Tax year 2023
Assessed value
$1,747,000
Assessed 2023
Previous assessed
$1,591,800
+9.7% YoY
Effective rate
0.82%
On assessed value
Assessed land
$919,900
Assessed improvement
$827,100
Land market value
$919,900
Improvement market value
$827,100
Total market value
$1,747,000
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
1946
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
6,555 SF
Lot
0.57 ac (24,829 SF)
Zoning code
BMU
APN
29051700203700
UPID
US90-0295480
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BMU · Everett, WA
Zoning BMU · permitted uses
BMU · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.4M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
MEDICAL BUILDING Current
RESTAURANT
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
1946
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
5j Development LLC
Entity
Mailing address
2517 COLBY AVE, EVERETT, WA 98201-2915
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
—
5j Development LLC
Williams Investments I LLC
Quit Claim Deed
related
—
May 22, 2020
$1,850,000
Williams Investments I LLC
North Broadway Office LLC
Warranty Deed
—
May 15, 2008
$1,300,000
North Broadway Office LLC
Phoinix Corp
Warranty Deed
$1,277,078 · Clarence E & Sue A Closser
Feb 14, 2005
$825,000
The Phoinix Corp
Pringle Electronics Distributing In
Warranty Deed
$882,000 · Community West Bank NA
Oct 1, 1990
$375,000
Pringle,electronics
Unknown
Grant Deed
$495,000 · American First National Bank
—
—
Pringle Electronics Distrubuti
—
Deed Of Trust
related
$180,000 · Cascade Bank
—
—
Pringle Electronics
—
Deed Of Trust
related
$411,201 · Cascade Bank
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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