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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
1418 Hewitt Ave Everett, WA 98201-3503
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1348424
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1936
Construction
TYPE NOT SPECIFIED
Total area
2,256 SF
Lot
0.07 ac (3,049 SF)
Zoning code
F4
APN
439168103400
UPID
US90-1348424
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
-
Star Mini Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$595k
Owner & transaction history
1418 Hewitt LLC · 4 yrs held
1418 Hewitt LLC
since 2022
Last sale
$595,000
3 recorded transactions
Zoning & alternative use
F4 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$840,000
+79.7%
Office building
$775,000
+65.2%
Warehouse, storage
$695,000
+49.0%
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
$610,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
RETAIL STORES
$470,000
Current use
MEDICAL BUILDING
$840,000
Change: +80% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +65% · Conversion: Easy
WAREHOUSE, STORAGE
$695,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$500,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $595k (Feb 8 2022)
Last sale anchor
$595k
Feb 8 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
$264 / 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
$4,393
Tax year 2023
Assessed value
$535,000
Assessed 2023
Previous assessed
$304,000
+76.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$256,400
Assessed improvement
$278,600
Land market value
$256,400
Improvement market value
$278,600
Total market value
$535,000
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
1936
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Units
1
Rooms
1
Total area
2,256 SF
Lot
0.07 ac (3,049 SF)
Zoning code
F4
APN
439168103400
UPID
US90-1348424
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F4 · Everett, WA
Zoning F4 · permitted uses
F4 · 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
RETAIL STORES Current
Est. value
$470,000
MEDICAL BUILDING
Est. value
$840,000
OFFICE BUILDING
Est. value
$775,000
WAREHOUSE, STORAGE
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$500,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1936
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Units
1
Rooms
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
1418 Hewitt LLC
Entity
Mailing address
600 LAUREL DR, EVERETT, WA 98201-4104
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
$595,000
1418 Hewitt LLC
Duk Moon Kim
Warranty Deed
$412,500 · Washington Trust Bank
Apr 8, 1996
$120,000
Duk M Kim
Ford,bonnie L
Grant Deed
$75,000 · Us Bank Of Washington
—
—
Bonnie Ford
—
Deed Of Trust
related
$30,000 · Frontier Bank
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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