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Property profile & analytics
OFF-MARKET
Estimated value
$7,250,000
Manufacturing properties
1520 80th St Sw Ste A, Everett, WA 98203-7200
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0708610
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
37,686 SF
Lot
2.44 ac (106,286 SF)
Zoning code
M-M
APN
392200002301
UPID
US90-0708610
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
-
Valence Surface Technologies Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.59M
CAP Approach
CAP
$5.35M
Comparable Approach
Comparable
$8.24M
Blend (final)
Blend
$7.25M
Owner & transaction history
Pjp 4 LLC · 1 yrs held
Pjp 4 LLC
since 2024
Last sale
$7.0M
5 recorded transactions
Zoning & alternative use
M-M · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$11.6M
+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
$7,510,000
ML approach
$7,585,000
CAP Approach
CAP Return
Estimation
6%
$5,790,000
6.5%
$5,345,000
7%
$4,960,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,135,000
Current use
WAREHOUSE, STORAGE
$11,645,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$7.25M
Range $6.53M – $7.98M · ±10% · vs last sale $6.95M (Apr 12 2024)
Last sale anchor
$6.95M
Apr 12 2024
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
$192 / 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
$53,586
Tax year 2023
Assessed value
$6,935,600
Assessed 2023
Previous assessed
$4,986,600
+39.1% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,364,500
Assessed improvement
$5,571,100
Land market value
$1,364,500
Improvement market value
$5,571,100
Total market value
$6,935,600
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
1991
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
37,686 SF
Lot
2.44 ac (106,286 SF)
Zoning code
M-M
APN
392200002301
UPID
US90-0708610
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M-M · Everett, WA
Zoning M-M · permitted uses
M-M · 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
$9.1M
WAREHOUSE, STORAGE
Est. value
$11.6M
INDUSTRIAL (GENERAL) 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
1991
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
2.44 ac
Current owner
From public records · entity-resolved
Pjp 4 LLC
Entity
Mailing address
130 W 42ND ST #2200, NEW YORK, NY 10036-7902
Ownership since
2024
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
Jul 12, 2024
$6,950,000
Pjp 4 LLC
Mtp 1520 80th St Sw LLC
Special Warranty Deed
$3,550,000 · Standard Insurance Co
May 13, 2022
$7,300,000
Mtp 1520 80th St Sw LLC
Nl Ventures Xi Snohomish LLC
Special Warranty Deed
—
Mar 27, 2019
$4,887,000
Nl Ventures Xi Snohomish LLC
Blue Streak Re LLC
Grant Deed
—
Sep 9, 2014
$3,950,000
Blue Streak Re LLC
Giddens,jack A
Grant Deed
—
Dec 1, 1989
$535,366
—
—
Grant Deed
related
—
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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