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Property profile & analytics
OFF-MARKET
Medical Office Space
1332 Colby Ave Everett, WA 98201-1618
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1445303
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1940
Construction
WOOD
Total area
2,104 SF
Lot
0.13 ac (5,663 SF)
Zoning code
FN
APN
438524501700
UPID
US90-1445303
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
-
IRG Physical Therapy - North Everett Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Colby Ave North LLC · 4 yrs held
Colby Ave North LLC
since 2021
Last sale
$445,000
3 recorded transactions
Zoning & alternative use
FN · 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
—
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
$3,905
Tax year 2023
Assessed value
$475,500
Assessed 2023
Previous assessed
$396,000
+20.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$278,500
Assessed improvement
$197,000
Land market value
$278,500
Improvement market value
$197,000
Total market value
$475,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
2,104 SF
Lot
0.13 ac (5,663 SF)
Zoning code
FN
APN
438524501700
UPID
US90-1445303
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FN · Everett, WAZoning FN · permitted uses
FN · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Colby Ave North LLC
Entity
Mailing address
4220 132ND ST SE STE #202, MILL CREEK, WA 98012-8999
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2021
$445,000
Colby Ave North LLC
Jake & Sy LLC
Warranty Deed
$407,382 · Coastal Community Bank
Oct 18, 2012
$270,000
Jake & Sy LLC
Yun Chong S & Su B Trust
Warranty Deed
$110,000 · Pacific Continental Bank
Mar 1, 1988
$103,000
Chong Sok Yun
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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