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Property profile & analytics
OFF-MARKET
Estimated value
$7,315,000
Drug stores
11216 4th W Ave Everett, WA 98204-4979
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1250564
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2003
Construction
CONCRETE
Total area
13,892 SF
Lot
1.37 ac (59,677 SF)
Zoning code
NB
APN
442900200103
UPID
US90-1250564
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
-
Walgreens Pharmacy Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.53M
Blend (final)
Blend
$7.32M
Owner & transaction history
Brashen Yakima LLC · 4 yrs held
Brashen Yakima LLC
since 2021
Last sale
$7.1M
5 recorded transactions
Zoning & alternative use
NB · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.0M
+55.3%
Restaurant
$6.6M
+45.2%
Medical building
$5.2M
+14.8%
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
$7,965,000
ML approach
$7,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,510,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,005,000
Change: +55% · Conversion: Difficult
RESTAURANT
$6,550,000
Change: +45% · Conversion: Easy
MEDICAL BUILDING
$5,175,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,885,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$4,695,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$7.32M
Range $6.58M – $8.05M · ±10% · vs last sale $7.12M (Sep 1 2021)
Last sale anchor
$7.12M
Sep 1 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
$527 / 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
$43,015
Tax year 2023
Assessed value
$5,175,300
Assessed 2023
Previous assessed
$3,895,000
+32.9% YoY
Effective rate
0.83%
On assessed value
Assessed land
$816,600
Assessed improvement
$4,358,700
Land market value
$816,600
Improvement market value
$4,358,700
Total market value
$5,175,300
Applied tax rate
2,363.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
1
Total area
13,892 SF
Lot
1.37 ac (59,677 SF)
Zoning code
NB
APN
442900200103
UPID
US90-1250564
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Everett, WA
Zoning NB · permitted uses
NB · 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
RETAIL STORES Current
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
RESTAURANT
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.7M
RETAIL STORES 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
2003
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Brashen Yakima LLC
Entity
Mailing address
102 131ST AVE NE, BELLEVUE, WA 98005-3336
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2021
$7,120,000
Brashen Yakima LLC
Mark And Pennie LLC
Warranty Deed
$3,480,000 · Trustone Financial Cu
Aug 30, 2019
$5,575
Mark & Pennie LLC
Sandpiper Properties LLC
Warranty Deed
$4,150,000 · Verity Cu
Jul 16, 2004
$6,150,000
Sandpiper Properties LLC
Seg 112th LLC
Warranty Deed
—
Sep 10, 2002
—
Snohomish County (wa)
Seg 112th LLC
Grant Deed
related
—
Jul 19, 2002
$910,000
Seg 12th LLC
Bakun Trust
Grant Deed
$4,150,000 · Bank Of America
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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