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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Retail space
11216 Hwy 99 Everett, WA 98204-4631
Individually Owned
~
Est. High Equity
Property ID
US90-0590821
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
WOOD
Total area
4,100 SF
Lot
0.22 ac (9,583 SF)
Zoning code
F6
APN
442900400301
UPID
US90-0590821
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
-
Taqueria Rancho Grande Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$912k
Blend (final)
Blend
$1.00M
Owner & transaction history
Alfredo Esparza
Alfredo Esparza
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
F6 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+14.8%
Auto repair, garage
$1.4M
+8.4%
Office building
$1.4M
+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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,330,000
Current use
MEDICAL BUILDING
$1,530,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,440,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$1,385,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,265,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Mar 12 2024)
Last sale anchor
$1.00M
Mar 12 2024
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
$244 / 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
$5,454
Tax year 2023
Assessed value
$722,100
Assessed 2023
Previous assessed
$610,000
+18.4% YoY
Effective rate
0.76%
On assessed value
Assessed land
$391,100
Assessed improvement
$331,000
Land market value
$391,100
Improvement market value
$331,000
Total market value
$722,100
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
4,100 SF
Lot
0.22 ac (9,583 SF)
Zoning code
F6
APN
442900400301
UPID
US90-0590821
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F6 · Everett, WA
Zoning F6 · permitted uses
F6 · 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
$1.3M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1993
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Alfredo Esparza
Individual
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
Alfredo Esparza
Maria Gomez Esparza
Deed
related
$550,000 · Velocity Commercial Capital LLC
Mar 12, 2024
$1,000,000
Alfredo Esparza
Hyeon Guk Shin
Warranty Deed
—
Oct 12, 2016
—
Hyeon Guk Shin
—
Deed
related
$1,025,000 · First Financial Northwest Bank
Aug 24, 1998
$146,670
Nyeon G Shin
Kim,chung C & Young U
Quit Claim Deed
related
—
Oct 1, 1990
$123,000
—
—
Grant Deed
related
$43,050 · Seller
—
—
Hyeon G Shin
—
Deed Of Trust
related
$475,000 · Washington First Int'l Bank
—
—
Hyeon G Shin
—
Deed Of Trust
related
$310,000 · Pacific Coast Investment Co
—
—
Hyeon G Shin
—
Deed Of Trust
related
$325,000 · Washington First Int'l 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.
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