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Property profile & analytics
OFF-MARKET
Estimated value
$30,345,000
Manufacturing properties
1515 75th SW St, Everett, WA 98203-7004
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0450450
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
150,154 SF
Lot
9.54 ac (415,562 SF)
Zoning code
M-1
APN
28041100100200
UPID
US90-0450450
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
-
West Coast Mfg Inc Industrial Manufacturer Production Facility
-
WiproGivonUSA Corporate Office Factory
-
WIPRO GIVON USA, Inc. Corporate Office Factory
-
Prologix Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.29M
Comparable Approach
Comparable
$35.31M
Blend (final)
Blend
$30.35M
Owner & transaction history
Ev 1515 LLC · 4 yrs held
Ev 1515 LLC
since 2021
Last sale
$30.5M
7 recorded transactions
Zoning & alternative use
M-1 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$48.7M
+33.9%
Warehouse, storage
$46.4M
+27.5%
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
$34,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,065,000
6.5%
$21,290,000
7%
$19,770,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$36,395,000
Current use
RETAIL STORES
$48,735,000
Change: +34% · Conversion: Moderate
WAREHOUSE, STORAGE
$46,395,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$30.35M
Range $27.31M – $33.38M · ±10% · vs last sale $30.50M (Sep 8 2021)
Last sale anchor
$30.50M
Sep 8 2021
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
$202 / 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
$229,724
Tax year 2023
Assessed value
$29,737,500
Assessed 2023
Previous assessed
$16,225,100
+83.3% YoY
Effective rate
0.77%
On assessed value
Assessed land
$6,099,900
Assessed improvement
$23,637,600
Land market value
$6,099,900
Improvement market value
$23,637,600
Total market value
$29,737,500
Applied tax rate
25.0000
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
150,154 SF
Lot
9.54 ac (415,562 SF)
Zoning code
M-1
APN
28041100100200
UPID
US90-0450450
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Everett, WA
Zoning M-1 · permitted uses
M-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$36.4M
RETAIL STORES
Est. value
$48.7M
WAREHOUSE, STORAGE
Est. value
$46.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1980
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
9.54 ac
Current owner
From public records · entity-resolved
Ev 1515 LLC
Entity
Mailing address
3323 NE 163RD ST STE #600, MIAMI, FL 33160-5598
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
—
Ev 1515 LLC
—
Deed
related
$22,500,000 · Bank Hapoalim Bm
Sep 8, 2021
$30,500,000
Ev 1515 LLC
Utica Realty Holdings V LLC
Special Warranty Deed
—
Mar 18, 2021
—
Utica Realty Holdings V LLC
—
Deed
related
$500,000 · Glass Holdings LLC
Jun 16, 2017
—
Utica Realty Holdings V LLC
—
Deed
related
$8,300,000 · A10 Cap
Oct 31, 2013
$10,159,233
Utica Realty Holdings V LLC
75th Street Center LLC
Grant Deed
related
—
Jan 10, 2006
$8,250,000
75th Street Center LLC
Bit Holdings Fifty-nine INC
Grant Deed
$6,450,000 · James W & Alice A Abbott
Apr 7, 2005
$8,050,000
Bit Holdings Fifty-nine INC
Calwest Indl Holdings LLC
Grant Deed
—
Mar 4, 2002
—
Calwest Industrial Holdings
Calwest Industrial Properties
Quit Claim Deed
related
$950,000,000 · Secore Financial Corp
Dec 14, 1999
—
Cal West Industrial Properties
Spieker Properties LP
Grant Deed
related
—
—
—
Utica Realty Holdings V LLC
—
Deed Of Trust
related
$8,300,000 · A10 Cap
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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