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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Medical Office Space
12806 3rd SE Ave Everett, WA 98208-6455
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0847694
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
WOOD
Total area
2,212 SF
Lot
0.25 ac (10,890 SF)
Zoning code
SK
APN
720200000200
UPID
US90-0847694
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
-
Lauren Lewandowski Dental Office
-
Advanced Orthodontics: Everett Dental Office
-
John Stieber Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$515k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Lmk Properties LLC · 4 yrs held
Lmk Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
SK · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$825,000
Current use
AUTO REPAIR, GARAGE
$780,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: -9% · Conversion: Easy
RETAIL STORES
$720,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$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
$6,803
Tax year 2023
Assessed value
$823,400
Assessed 2023
Previous assessed
$697,000
+18.1% YoY
Effective rate
0.83%
On assessed value
Assessed land
$337,000
Assessed improvement
$486,400
Land market value
$337,000
Improvement market value
$486,400
Total market value
$823,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
2,212 SF
Lot
0.25 ac (10,890 SF)
Zoning code
SK
APN
720200000200
UPID
US90-0847694
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Everett, WAZoning SK · permitted uses
SK · 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
MEDICAL BUILDING Current
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$780,000
OFFICE BUILDING
Est. value
$745,000
RETAIL STORES
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$685,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2011
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Lmk Properties LLC
Entity
Mailing address
16518 39TH AVE NE, LAKE FOREST PARK, WA 98155-5602
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
—
Lmk Properties LLC
Donald A Koontz
Quit Claim Deed
related
$703,411 · Heritage Southeast Bank
Feb 12, 2020
—
Donald A Koontz
—
Deed
related
$1,800,000 · Banner Bk
Dec 20, 2018
—
Donald A Koontz
—
Deed
related
$80,000 · Banner Bank
—
—
Edward G Sutter
—
Deed Of Trust
related
$121,000 · Seattle Funding Group Ltd
—
—
Donald A Koontz
—
Deed Of Trust
related
$1,800,000 · Banner Bk
—
—
Donald A Koontz
—
Loan Modification
related
$760,000 · Us Bk
—
—
Donald A Koontz
—
Deed Of Trust
related
$824,000 · Fortune 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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