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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Office buildings
111 Everett Mall Waye, Everett, WA 98208-3208
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1518591
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1981
Construction
WOOD
Total area
7,782 SF
Lot
0.13 ac (5,663 SF)
Zoning code
C-1
APN
480201300601
UPID
US90-1518591
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Joy Bringers Ministries Internation · 1 yrs held
Joy Bringers Ministries Internation
since 2025
7 recorded transactions
Zoning & alternative use
C-1 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$166 / 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
$10,652
Tax year 2023
Assessed value
$1,377,700
Assessed 2023
Previous assessed
$1,310,000
+5.2% YoY
Effective rate
0.77%
On assessed value
Assessed land
$298,700
Assessed improvement
$1,079,000
Land market value
$298,700
Improvement market value
$1,079,000
Total market value
$1,377,700
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
7,782 SF
Lot
0.13 ac (5,663 SF)
Zoning code
C-1
APN
480201300601
UPID
US90-1518591
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Everett, WA
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1981
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Joy Bringers Ministries Internation
Individual
Mailing address
111 SE EVERETT MALL WAY #200, EVERETT, WA 98208-3208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Feb 4, 2026
—
Ak Dental Investments LLC
—
Deed
related
$2,300,000 · Heritage Southeast Bank
Mar 24, 2025
$1,230,000
Joy Bringers Ministries Internation
Hollywood Hill Holdings LLC
Warranty Deed
$730,000 · The Jeffrey Steven Jensen Trust Liv
Nov 4, 2024
—
Milad LLC
—
Deed
related
$1,126,250 · First Citizens Bank & Trust Co
Jul 17, 2023
$1,250,000
Gwyther Investments LLC
Noble Investment Enterprise LLC
Warranty Deed
$937,500 · Mountain Pacific Bank
Apr 17, 2020
$810,000
Hollywood Hill Holdings LLC
Speiser Family Trust
Warranty Deed
—
May 31, 2018
$1,200,000
Noya LLC
Bcc Rpi Everett LLC
Grant Deed
$960,000 · Bank Of America
Aug 25, 2017
—
Washington Vocational Services
—
Deed
related
$349,000 · Columbia St 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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