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Property profile & analytics
OFF-MARKET
Estimated value
$5,640,000
Office buildings
12625 4th W Ave Everett, WA 98204-6427
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1703875
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1996
Construction
WOOD
Total area
16,839 SF
Lot
1.1 ac (47,916 SF)
Zoning code
SK
APN
28042500406800
UPID
US90-1703875
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
-
Kid's Country Learning Center - Everett High School Daycare Center
-
Bristol Hospice Nursing Home
-
Risk Strategies Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.77M
CAP Approach
CAP
$4.63M
Comparable Approach
Comparable
$4.11M
Blend (final)
Blend
$5.64M
Owner & transaction history
Gunther Properties LLC · 4 yrs held
Gunther Properties LLC
since 2022
Last sale
$5.6M
5 recorded transactions
Zoning & alternative use
SK · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.5M
+49.2%
Restaurant
$7.9M
+39.5%
Medical building
$6.3M
+10.3%
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
$7,130,000
ML approach
$6,765,000
CAP Approach
CAP Return
Estimation
6%
$5,010,000
6.5%
$4,625,000
7%
$4,295,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,690,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,490,000
Change: +49% · Conversion: Easy
RESTAURANT
$7,935,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$6,275,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,925,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$5,465,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,205,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.64M
Range $5.08M – $6.20M · ±10% · vs last sale $5.60M (May 9 2022)
Last sale anchor
$5.60M
May 9 2022
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
$335 / 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
$28,666
Tax year 2023
Assessed value
$3,363,800
Assessed 2023
Previous assessed
$2,775,000
+21.2% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,160,000
Assessed improvement
$2,203,800
Land market value
$1,160,000
Improvement market value
$2,203,800
Total market value
$3,363,800
Applied tax rate
2,310.0000
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
1996
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
16,839 SF
Lot
1.1 ac (47,916 SF)
Zoning code
SK
APN
28042500406800
UPID
US90-1703875
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Everett, WA
Zoning SK · permitted uses
SK · 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
OFFICE BUILDING Current
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
RESTAURANT
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.9M
RETAIL STORES
Est. value
$5.5M
WAREHOUSE, STORAGE
Est. value
$5.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1996
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Gunther Properties LLC
Entity
Mailing address
PO BOX 14102, MILL CREEK, WA 98082-2102
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2022
$5,600,000
Gunther Properties LLC
Cj & LP Group LLC
Warranty Deed
$4,245,000 · Heritage Southeast Bank
Feb 2, 2017
$1,900,000
Cj & LP Group LLC
Housing Authority Of Snohomish Cn
Grant Deed
$1,425,000 · Boeing Emps Cu
Mar 29, 1996
$2,109,433
Housing Authority Snohomish
Dujardin Dev Co & Kirtley-cole
Grant Deed
$1,158,406 · Frontier Bank
Sep 20, 1995
$346,329
Dujardin Development Co & Kirt
Mariner Square
Grant Deed
$770,000 · Frontier Bank
Feb 1, 1991
$328,055
Inlet View Mini-storage
Unknown
Grant Deed
—
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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