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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Banks
1124 Everett Mall Way Everett, WA 98208-2803
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-3363434
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2023
Construction
WOOD
Total area
4,908 SF
Lot
1.67 ac (72,745 SF)
Zoning code
C-1R
APN
28051800401400
UPID
US90-3363434
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
-
Chick-fil-A Restaurant Take-out & Catering
-
Bank of America ATM (Drive-thru) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$590k
Owner & transaction history
Homegoods INC · 4 yrs held
Homegoods INC
since 2022
7 recorded transactions
Zoning & alternative use
C-1R · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$785,000
+83.8%
Auto repair, garage
$605,000
+42.0%
Office building
$545,000
+27.8%
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
by Request
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$425,000
Current use
COMMERCIAL (GENERAL)
$785,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$605,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$120 / 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
$24,403
Tax year 2023
Assessed value
$2,970,500
Assessed 2023
Previous assessed
$2,725,000
+9.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$2,639,900
Assessed improvement
$330,600
Land market value
$2,639,900
Improvement market value
$330,600
Total market value
$2,970,500
Applied tax rate
10.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2023
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
4,908 SF
Lot
1.67 ac (72,745 SF)
Zoning code
C-1R
APN
28051800401400
UPID
US90-3363434
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-1R · Everett, WAZoning C-1R · permitted uses
C-1R · 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
FINANCIAL BUILDING Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$605,000
OFFICE BUILDING
Est. value
$545,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
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
2023
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Homegoods INC
Entity
Free & Clear · 4 yrs held
Mailing address
101 LARKSPUR LNDG CIR STE #120, LARKSPUR, CA 94939-1749
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
Homegoods INC
Papf Everett LLC
Lease
—
Feb 23, 2022
—
Chick Fil A INC
Papf Everett LLC
Re-recorded Document
related
—
Feb 7, 2022
—
Chick Fil A INC
Papf Everett LLC
Lease
—
Dec 21, 2017
—
Papf Everett LLC
Stockbridge Everett Village Center
Intrafamily Transfer
related
—
Sep 1, 2015
$17,100,000
Stockbridge Everett Village Ce
Sj Realty Investments LLC
Grant Deed
—
Mar 26, 2007
$21,700,000
Sj Realty Investments LLC
Steadfast Village Center LLC
Warranty Deed
—
Mar 26, 2007
—
Steadfast Village Center LLC
Steadfast Village Center LLC
Quit Claim Deed
related
—
Mar 31, 2006
—
Steadfast Village Center LLC
Steadfast Vc LLC
Quit Claim Deed
related
$15,650,000 · Pnc Bank
Sep 28, 2005
—
Steadfast Village Ctr Vi LLC
Steadfast Everett Vi LLC
Quit Claim Deed
related
—
Nov 12, 2004
—
Steadfast Everett I LLC
—
Deed Of Trust
related
$11,000,000 · Paramount Cmnty Dev Fund LLC
Jun 8, 2004
$50,196,800
Steadfast Everett I LLC
Equitable Life Assurance Socie
Trustees Deed
$50,300,000 · Gmac Commercial Holding Capita
Jun 8, 2004
—
Steadfast Everett I LLC
—
Deed Of Trust
related
$19,500,000 · Paramount Community Dev Fund
Jun 14, 2001
—
Equitable Life Assurance Socie
Titantic Associates
Grant Deed
related
—
—
—
Stockbridge Everett Village Ce
—
Deed Of Trust
related
$11,300,000 · 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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