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Property profile & analytics
OFF-MARKET
Estimated value
$4,030,000
Retail properties & Spaces
10819 Airport Rd Everett, WA 98204-3754
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3255750
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
9,322 SF
Lot
1.84 ac (80,150 SF)
Zoning code
M-M
APN
537900000400
UPID
US90-3255750
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
-
As You Wish Electric General Contractor
-
Pioneer Cable Contractors Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.03M
Owner & transaction history
Mkp Properties LLC · 5 yrs held
Mkp Properties LLC
since 2021
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
M-M · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.7M
+24.2%
Restaurant
$4.4M
+16.2%
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
$4,195,000
ML approach
$4,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$3,785,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,700,000
Change: +24% · Conversion: Difficult
RESTAURANT
$4,395,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$3,475,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,280,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$3,150,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$4.03M
Range $3.63M – $4.43M · ±10% · vs last sale $3.75M (Jan 7 2021)
Last sale anchor
$3.75M
Jan 7 2021
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
$432 / 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
$27,906
Tax year 2023
Assessed value
$3,700,000
Assessed 2023
Previous assessed
$3,346,000
+10.6% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,487,600
Assessed improvement
$2,212,400
Land market value
$1,487,600
Improvement market value
$2,212,400
Total market value
$3,700,000
Applied tax rate
64.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
9,322 SF
Lot
1.84 ac (80,150 SF)
Zoning code
M-M
APN
537900000400
UPID
US90-3255750
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M-M · Everett, WAZoning M-M · permitted uses
M-M · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
RESTAURANT
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Mkp Properties LLC
Entity
Mailing address
14027 INTERURBAN AVE S, TUKWILA, WA 98168-4722
Ownership since
2021
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
Jan 7, 2021
$3,750,000
Mkp Properties LLC
Rrw LLC
Warranty Deed
$2,812,500 · The Northern Trust Co
May 9, 2017
—
Rrw LLC
—
Deed
related
$815,000 · Us Bk
Feb 4, 2010
—
Rrw LLC
Wight,reginal D & Robin M
Quit Claim Deed
related
—
May 4, 2006
$1,300,000
Reginal D Wight
Sears Roebuck & Co
Warranty Deed
$999,999 · Us Bank NA
Dec 19, 1997
$1,220,349
Sears Roebuck & Co
Embree Assets Group INC
Grant Deed
—
May 14, 1997
$272,100
Embree Assets Group INC
Hallmark Equities INC
Grant Deed
related
$1,016,550 · Bank One Texas NA
Jul 1, 1990
$260,487
Pl Sumac
Unknown
Grant Deed
$182,340 · Seller
—
—
Rrw LLC
—
Deed Of Trust
related
$2,561,000 · East West Bk
—
—
Rrw LLC
—
Deed Of Trust
related
$815,000 · Us Bk
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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