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Property profile & analytics
FOR SALE
Retail properties & Spaces
133 128Th St SW Everett, WA 98204
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0755727
No photos on file
For Sale
$6,600,000
133 128Th St SW, Everett, WA 98204
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
30,540 SF
Lot
1.91 ac (83,200 SF)
Zoning code
SK
APN
28042500406700
UPID
US90-0755727
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
-
Bargreen Ellingson Restaurant Supply & Design Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.91M
CAP Approach
CAP
$6.79M
Comparable Approach
Comparable
$5.33M
Blend (final)
Blend
$6.09M
Owner & transaction history
Canyon Hills Community Church · 1 yrs held
Canyon Hills Community Church
since 2025
Last sale
$6.6M
5 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
$5,325,000
ML approach
$5,905,000
CAP Approach
CAP Return
Estimation
6%
$7,350,000
6.5%
$6,785,000
7%
$6,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,910,000
Current use
WAREHOUSE, STORAGE
$9,435,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$6.09M
Range $5.48M – $6.70M · ±10% · vs last sale $6.60M (May 16 2025)
Last sale anchor
$6.60M
May 16 2025
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
$199 / 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
$37,269
Tax year 2023
Assessed value
$4,217,700
Assessed 2023
Previous assessed
$3,345,000
+26.1% YoY
Effective rate
0.88%
On assessed value
Assessed land
$2,006,800
Assessed improvement
$2,210,900
Land market value
$2,006,800
Improvement market value
$2,210,900
Total market value
$4,217,700
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
30,540 SF
Lot
1.91 ac (83,200 SF)
Zoning code
SK
APN
28042500406700
UPID
US90-0755727
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
RETAIL STORES Current
Est. value
$9.9M
WAREHOUSE, STORAGE
Est. value
$9.4M
RETAIL STORES Current
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
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Canyon Hills Community Church
Entity
Free & Clear · 1 yrs held
Mailing address
6626 TACOMA MALL BLVD STE B, TACOMA, WA 98409-9002
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
$6,600,000
Canyon Hills Community Church
133 128 St Everett LLC
Warranty Deed
—
Jan 31, 2008
$3,300,000
133-128 St Everett LLC
Rohrbach Everett LLC
Grant Deed
$2,640,000 · Key Bank NA
Jan 9, 2004
$2,392,004
Rohrbach Everett LLC
John Volken Foundation
Grant Deed
$1,323,000 · Bank Of America
Jun 19, 2001
$1,272,647
John Volken Foundation
United Furniture Warehouse INC
Quit Claim Deed
related
—
Apr 1, 1993
$635,000
United Blvd
Unknown
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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