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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Office buildings
111 Everett Mall Way Bldg F Everett, WA 98208-3236
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1645739
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1981
Construction
WOOD
Total area
5,586 SF
Lot
0.12 ac (5,227 SF)
APN
480201300802
UPID
US90-1645739
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
-
Caroline Teel Shaw Dental Office
-
Gary Chin, DDS Dental Office
-
Dr. Sonu Lamba Dental Office
-
Dr. Caroline Shaw Dental Office
-
Ruthie Anne Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.38M
Owner & transaction history
Gwyther Investments LLC · 3 yrs held
Gwyther Investments LLC
since 2023
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+10.3%
Auto repair, garage
$2.0M
+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
$1,360,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,535,000
7%
$1,425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,885,000
Current use
MEDICAL BUILDING
$2,080,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,965,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,815,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,725,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.25M (Jul 17 2023)
Last sale anchor
$1.25M
Jul 17 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
$247 / 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
$8,315
Tax year 2023
Assessed value
$1,075,100
Assessed 2023
Previous assessed
$1,042,000
+3.2% YoY
Effective rate
0.77%
On assessed value
Assessed land
$285,500
Assessed improvement
$789,600
Land market value
$285,500
Improvement market value
$789,600
Total market value
$1,075,100
Applied tax rate
25.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
5,586 SF
Lot
0.12 ac (5,227 SF)
APN
480201300802
UPID
US90-1645739
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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 Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1981
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Gwyther Investments LLC
Entity
Mailing address
9615 11TH PL SE, LAKE STEVENS, WA 98258-3968
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
$1,250,000
Gwyther Investments LLC
Noble Investment Enterprise LLC
Warranty Deed
$937,500 · Mountain Pacific Bank
Apr 19, 2011
$1,080,000
Noble Investment Enterprise LLC
Bcc Rpi Everett LLC
Special Warranty Deed
$788,400 · Us Bank NA
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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