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Property profile & analytics
OFF-MARKET
Estimated value
$3,190,000
Commercial land
13018 39th SE Ave Everett, WA 98208-5637
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1335560
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2003
Construction
WOOD FRAME
Total area
9,565 SF
Lot
0.9 ac (39,204 SF)
Zoning code
SK
APN
28052800302000
UPID
US90-1335560
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
-
Vibe music studio Gym & Fitness Center
-
13018 39th Ave SE, Everett, WA, USA Church
-
시애틀 행복한 교회 Joyful Korean Church of Seattle Church
-
Vision Quest Sport & Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.21M
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.19M
Owner & transaction history
Joyful Korean Church Of Seattle · 4 yrs held
Joyful Korean Church Of Seattle
since 2022
Last sale
$3.2M
6 recorded transactions
Zoning & alternative use
SK · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.8M
+113.8%
Restaurant
$4.5M
+99.9%
Medical building
$3.6M
+58.1%
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
$3,245,000
ML approach
$3,205,000
CAP Approach
CAP Return
Estimation
6%
$2,200,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,255,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,820,000
Change: +114% · Conversion: Moderate
RESTAURANT
$4,510,000
Change: +100% · Conversion: Difficult
MEDICAL BUILDING
$3,565,000
Change: +58% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,365,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$3,230,000
Change: +43% · Conversion: Easy
RETAIL STORES
$3,105,000
Change: +38% · Conversion: Easy
WAREHOUSE, STORAGE
$2,955,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.51M · ±10% · vs last sale $3.16M (Jul 11 2022)
Last sale anchor
$3.16M
Jul 11 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
$334 / 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
$1,501
Tax year 2023
Assessed value
$1,336,700
Assessed 2023
Previous assessed
$2,506,700
-46.7% YoY
Effective rate
0.11%
On assessed value
Assessed land
$1,336,700
Land market value
$1,336,700
Total market value
$1,336,700
Applied tax rate
3,059.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2003
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
9,565 SF
Lot
0.9 ac (39,204 SF)
Zoning code
SK
APN
28052800302000
UPID
US90-1335560
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
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
RESTAURANT
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
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
2003
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Joyful Korean Church Of Seattle
Entity
Mailing address
13018 39TH AVE SE, EVERETT, WA 98208-5637
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
$3,155,000
Joyful Korean Church Of Seattle
Atlas Holdings LLC
Warranty Deed
$2,355,000 · Beneficial State Bank
Mar 12, 2018
$2,600,000
Atlas Holdings LLC
Therrell Enterprises Lllc
Warranty Deed
—
Mar 4, 2013
—
Therrell Ents LLC
Buffalo Square LLC
Quit Claim Deed
related
—
—
—
Therrell Ents LLC
—
Deed Of Trust
related
$42,000 · Valenzuela Props LLC
—
—
Therrell Ents LLC
—
Deed Of Trust
related
$1,556,000 · Coastal Community Bank
—
—
Buffalo Square LLC
—
Deed Of Trust
related
—
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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