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Property profile & analytics
FOR LEASE
Industrial properties
1502 SE Everett Mall Way, Everett, WA 98208
Entity Owned
~
Est. High Equity
Property ID
US90-1438807
For Lease
$3,680,000
1502 SE Everett Mall Way, Everett, WA 98208
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
117,046 SF
Lot
10.79 ac (470,012 SF)
Zoning code
C1R
APN
28051800401100
UPID
US90-1438807
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
-
Floor & Decor Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.68M
Owner & transaction history
Vop Everett LLC
Vop Everett LLC
since 2025
7 recorded transactions
Zoning & alternative use
C1R · 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
$31 / 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
$115,475
Tax year 2023
Assessed value
$14,060,900
Assessed 2023
Previous assessed
$7,984,000
+76.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$12,415,200
Assessed improvement
$1,645,700
Land market value
$12,415,200
Improvement market value
$1,645,700
Total market value
$14,060,900
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
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
For Lease
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
117,046 SF
Lot
10.79 ac (470,012 SF)
Zoning code
C1R
APN
28051800401100
UPID
US90-1438807
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1R · Everett, WA
Zoning C1R · permitted uses
C1R · 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
1970
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
10.79 ac
Current owner
From public records · entity-resolved
Vop Everett LLC
Entity
Mailing address
433 N CAMDEN DR STE #400, BEVERLY HILLS, CA 90210-4408
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
Vop Everett LLC
Vop Associates Limited Liability Co
Warranty Deed
$5,000,000 · Fidelity Bank NA
Mar 31, 2025
—
610 Re Everett LLC
3773 Investments LLC
Special Warranty Deed
—
Jul 10, 2014
—
3773 Investments LLC
3773 Investments
Quit Claim Deed
—
Apr 28, 2014
$5,150,000
3773 Investments
Cdsn LLC
Grant Deed
—
Oct 26, 2009
—
Cdsn LLC
C D Stimson
Quit Claim Deed
related
—
—
—
Cdsn LLC
—
Deed Of Trust
related
$1,000,000 · Commerce Bank Of Washington
—
—
Cdsn LLC
—
Deed Of Trust
related
$2,000,000 · Commerce Bank Of Washington
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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