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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Sports & entertainment properties
12715 4th W Ave Everett, WA 98204-5783
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1301887
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
10,875 SF
Lot
0.9 ac (39,204 SF)
Zoning code
SK
APN
28042500406600
UPID
US90-1301887
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
-
Great American Casino Everett Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$670k
Owner & transaction history
Maverick Elko LLC · 3 yrs held
Maverick Elko LLC
since 2023
7 recorded transactions
Zoning & alternative use
SK · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+57.7%
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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$640,000
Current use
MEDICAL BUILDING
$1,010,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$62 / 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
$23,654
Tax year 2023
Assessed value
$2,763,600
Assessed 2023
Previous assessed
$2,335,000
+18.4% YoY
Effective rate
0.86%
On assessed value
Assessed land
$948,700
Assessed improvement
$1,814,900
Land market value
$948,700
Improvement market value
$1,814,900
Total market value
$2,763,600
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
10,875 SF
Lot
0.9 ac (39,204 SF)
Zoning code
SK
APN
28042500406600
UPID
US90-1301887
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$640,000
MEDICAL BUILDING
Est. value
$1.0M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
MEDICAL 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
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Maverick Elko LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
—
Maverick Elko LLC
Project Evergreen Wa LLC
Lease
—
Jun 6, 2023
—
Maverick Elko LLC
Project Evergreen Wa LLC
Deed
—
Jan 6, 2023
—
Pair Odice Investments LLC
Project Evergreen Wa LLC
Lease
—
Jan 6, 2023
$3,816,679
Project Evergreen Wa LLC
Grand Central Properties Everett Ll
Bargain And Sale Deed
$730,000,000 · Deutsche Bank National Trust Co
Mar 4, 2022
—
Grand Central Properties Everett Ll
—
Deed
related
$730,000,000 · Deutsche Bank National Trust Co
May 12, 2020
—
Grand Ctrl Prop Everett LLC
—
Deed
related
—
Mar 25, 2020
—
Grand Ctrl Prop Everett LLC
—
Deed
related
$800,000,000 · Ankura Tr Co LLC
Jun 28, 2019
—
Grand Ctrl Prop Everett LLC
—
Grant Deed
related
$59,000,000 · Ankura Tr Co LLC
Feb 13, 2007
—
Grand Ctrl Props Everett LLC
—
Deed Of Trust
related
$550,000,000 · Toronto Dominion Bank
Dec 7, 2005
—
Grand Ctrl Props Everett LLC
Great American Gaming Corp
Quit Claim Deed
related
—
Jan 29, 2003
$1,925,000
Great American Gaming Corp
Mariner Square Investments LLC
Grant Deed
—
—
—
Mariner Square Partnership
—
Deed Of Trust
related
$1,065,000 · Frontier Bank
—
—
Grand Ctrl Prop Everett LLC
—
Loan Modification
related
$800,000,000 · Ankura Tr Co LLC
—
—
Grand Ctrl Prop Everett LLC
—
Loan Modification
related
—
—
—
Great American Gaming Corp
—
Deed Of Trust
related
$1,100,000 · Hsbc Bank USA
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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