Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,990,000
Retail space
11014 19th SE Ave Everett, WA 98208-5132
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0661083
Property summary
AI-generated overview
This exceptional retail opportunity is located within the Silver Lake Shopping Center in Everett, Washington. The property, built in 1987, comprises a single-story, 104,675 square foot building situated on an 8.62-acre lot. The center offers ample parking with 100 spaces available for customers and tenants. Currently, there is 1,400 square feet of vacant space available, divisible to a minimum of 4,513 square feet. A smaller space, previously used as an espresso stand, is also available, ranging from 194 square feet. This space is ideal for a variety of retail uses, such as a flower shop or similar business. The property features water access to the retail frontage
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
TYPE NOT SPECIFIED
Total area
33,864 SF
Lot
8.55 ac (372,438 SF)
Zoning code
F2
APN
28051900400400
UPID
US90-0661083
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
-
Applause Studio Training Center
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Wells Landscaping General Contractor
-
UPS Authorized Shipping Outlet Courier Service Postal Service
-
Chimcare Everett General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.99M
Owner & transaction history
Skotdal Brothers LLC · 8 yrs held
Skotdal Brothers LLC
since 2017
5 recorded transactions
Zoning & alternative use
F2 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.4M
+4.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,150,000
6.5%
$7,525,000
7%
$6,985,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,990,000
Current use
OFFICE BUILDING
$11,440,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$10,465,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$6.99M
Range $6.29M – $7.69M · ±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
$206 / 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
$111,330
Tax year 2023
Assessed value
$13,869,000
Assessed 2023
Previous assessed
$13,482,000
+2.9% YoY
Effective rate
0.80%
On assessed value
Assessed land
$10,499,900
Assessed improvement
$3,369,100
Land market value
$10,499,900
Improvement market value
$3,369,100
Total market value
$13,869,000
Applied tax rate
56.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
6
Stories
2
Total area
33,864 SF
Lot
8.55 ac (372,438 SF)
Zoning code
F2
APN
28051900400400
UPID
US90-0661083
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F2 · Everett, WAZoning F2 · permitted uses
F2 · 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
RETAIL STORES Current
Est. value
$11.0M
OFFICE BUILDING
Est. value
$11.4M
WAREHOUSE, STORAGE
Est. value
$10.5M
RETAIL STORES Current
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
1965
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
6
Lot
8.55 ac
Current owner
From public records · entity-resolved
Skotdal Brothers LLC
Entity
Mailing address
PO BOX 1393, YAKIMA, WA 98907-1393
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2017
$1,165,600
Skotdal Brothers LLC
Skotdal Living Trust
Quit Claim Deed
related
—
Jul 21, 2015
—
Terry J Cook
Cook Kay E
Quit Claim Deed
related
—
May 9, 2005
—
Skotdal Trust
Skotdal,marianne P
Quit Claim Deed
related
—
Apr 1, 1990
$71,777
Coastal Serhoe INC
Unknown
Quit Claim Deed
related
—
—
—
Coastal Serhoo
—
Deed Of Trust
related
$1,900,000 · Wells Fargo Financial 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.
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?”
You own 11014 19th SE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
