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Property profile & analytics
FOR LEASE
Office buildings
12811 8Th Ave W Everett, WA 98204
Individually Owned
Free & Clear
Property ID
US90-0840150
For Lease
$12 SF/Yr
12811 8Th Ave W, Everett, WA 98204
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1987
Construction
WOOD
Total area
12,500 SF
Lot
3.77 ac (164,221 SF)
Zoning code
SK
APN
670300000200
UPID
US90-0840150
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
-
GO-TEK Automation Production Facility
-
Kids Kuts LLC Hair Salon
-
Blue Opal Massage Alternative Medicine Practice Spa & Massage Center
-
Mia Bella Beauty Salon Hair Salon Nail Salon
-
Arriba México Store y Oaxaca Galmen Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.62M
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$3.21M
Owner & transaction history
State Of Wa Edmonds Cmnty College
State Of Wa Edmonds Cmnty College
since 2026
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
SK · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+10.3%
Auto repair, garage
$4.4M
+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
$3,605,000
ML approach
$3,620,000
CAP Approach
CAP Return
Estimation
6%
$3,720,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,225,000
Current use
MEDICAL BUILDING
$4,660,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,400,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$4,055,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,860,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±10% · vs last sale $2.85M (Jun 10 2020)
Last sale anchor
$2.85M
Jun 10 2020
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
$257 / 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
$77,975
Tax year 2023
Assessed value
$8,885,200
Assessed 2023
Previous assessed
$8,610,000
+3.2% YoY
Effective rate
0.88%
On assessed value
Assessed land
$3,951,300
Assessed improvement
$4,933,900
Land market value
$3,951,300
Improvement market value
$4,933,900
Total market value
$8,885,200
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
For Lease
Year built
1987
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
12,500 SF
Lot
3.77 ac (164,221 SF)
Zoning code
SK
APN
670300000200
UPID
US90-0840150
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
$4.2M
MEDICAL BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.9M
OFFICE BUILDING Current
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
3.77 ac
Current owner
From public records · entity-resolved
State Of Wa Edmonds Cmnty College
Individual
Free & Clear · 0 yrs held
Mailing address
12811 8TH AVE W STE D106, EVERETT, WA 98204-6370
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
—
State Of Wa Edmonds Cmnty College
Puget Square Business Park LLC
Deed
—
Mar 30, 2026
$11,793
State Of Washington Edmonds Communi
Puget Square Business Park LLC
Deed
—
Jun 10, 2020
—
Puget Square Business Park LLC
Roberts J P & A M Trust
Quit Claim Deed
related
—
May 5, 2016
—
Roberts,john P & A M Trust
Roberts,john P & Audrey M
Quit Claim Deed
related
—
Jun 1, 1991
$2,850,000
Duesenberg W H
Unknown
Grant Deed
—
—
—
R W Brokaw
—
Deed Of Trust
related
$300,000 · Federal Credit Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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