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Property profile & analytics
OFF-MARKET
Estimated value
$12,515,000
Retail space
1302 Everett Mall Way Everett, WA 98208-2831
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1845472
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
114,426 SF
Lot
9.95 ac (433,422 SF)
Zoning code
C-1R
APN
28051800402400
UPID
US90-1845472
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
-
CPI Store Home Inspector
-
Northland Hearing Center Physician
-
Cole Vision Corporation Ophthalmologist (Bike/Boat/Book/etc) Store
-
Ulta Beauty Hair Salon Nail Salon
-
Trader Joe's Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.52M
Owner & transaction history
Trader Joes Company · 1 yrs held
Trader Joes Company
since 2025
7 recorded transactions
Zoning & alternative use
C-1R · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$109 / 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
$101,618
Tax year 2023
Assessed value
$12,373,400
Assessed 2023
Previous assessed
$9,664,700
+28.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$11,375,700
Assessed improvement
$997,700
Land market value
$11,375,700
Improvement market value
$997,700
Total market value
$12,373,400
Applied tax rate
10.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
114,426 SF
Lot
9.95 ac (433,422 SF)
Zoning code
C-1R
APN
28051800402400
UPID
US90-1845472
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-1R · Everett, WA
Zoning C-1R · permitted uses
C-1R · 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.
Building & site characteristics
From public records
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
9.95 ac
Current owner
From public records · entity-resolved
Trader Joes Company
Entity
Mailing address
120 S SIERRA AVE, SOLANA BEACH, CA 92075-1873
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
—
Trader Joes Company
Brixton Everett LLC
Deed
—
Sep 11, 2023
—
Brixton Everett LLC
—
Deed
related
$21,560,000 · Western Alliance Bank
Aug 28, 2018
—
Brixton Everett LLC
—
Deed
related
$21,000,000 · Ucf FCU
Oct 3, 2017
$38,350,000
Brixton Everett LLC
Everett Mall LLC
Grant Deed
—
Dec 30, 2016
—
Everet Mall LLC
—
Deed
related
$44,767,493 · Bank Of America
Dec 4, 2012
—
Everett Mall LLC
Steadfast Everett Mall LLC
Quit Claim Deed
—
Oct 14, 2008
—
Everett Mall Bbq INC
—
Trustees Deed
related
—
Feb 24, 2006
—
Steadfast Everett Mall LLC
Steadfast Em LLC
Quit Claim Deed
related
—
Jun 8, 2004
$50,196,800
Steadfast Everett I LLC
Equitable Life Assurance Socie
Trustees Deed
$50,300,000 · Gmac Commercial Holding Capita
Jun 8, 2004
—
Steadfast Everett I LLC
—
Deed Of Trust
related
$19,500,000 · Paramount Community Dev Fund
Jun 14, 2001
—
Equitable Life Assurance Socie
Titantic Associates
Grant Deed
related
—
—
—
Everett Mall Bbq INC
—
Deed Of Trust
related
$2,208,000 · First Franchise Capital Corp
—
—
Everet Mall LLC
—
Loan Modification
related
$44,767,493 · Bank Of America
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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