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Property profile & analytics
OFF-MARKET
Office buildings
1610 Broadway Everett, WA 98201-1724
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0339424
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1924
Construction
WOOD
Total area
1,544 SF
Lot
0.14 ac (6,098 SF)
Zoning code
F2
APN
438233602700
UPID
US90-0339424
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
-
Richard Wogsland & Assoc. PLLC. Law Office Law Firm
-
Zen massage Alternative Medicine Practice Spa & Massage Center
-
Red Sun Spa Alternative Medicine Practice Spa & Massage Center
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
Minghua Wang · 3 yrs held
Minghua Wang
since 2023
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
F2 · 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
$4,216
Tax year 2023
Assessed value
$509,600
Assessed 2023
Previous assessed
$490,100
+4.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$379,000
Assessed improvement
$130,600
Land market value
$379,000
Improvement market value
$130,600
Total market value
$509,600
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1924
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
2
Rooms
5
Bathrooms
1
Total area
1,544 SF
Lot
0.14 ac (6,098 SF)
Zoning code
F2
APN
438233602700
UPID
US90-0339424
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F2 · Everett, WA
Zoning F2 · permitted uses
F2 · 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
1924
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Minghua Wang
Individual
Mailing address
1610 BROADWAY, EVERETT, WA 98201-1724
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 8, 2023
$450,000
Minghua Wang
R3b Investments LLP
Warranty Deed
$270,000 · Banner Bank
Sep 28, 2007
$395,000
R3b Investments LLP
Serf Properties LLC
Warranty Deed
$250,000 · Cascade Bank
Sep 12, 1996
—
Jesse D Williams
—
Grant Deed
related
$31,301 · American First National Bank
May 9, 1996
$127,000
Jesse D Williams
Mathews,alma
Grant Deed
—
—
—
Jesse D Williams
—
Deed Of Trust
related
$169,050 · American First National Bank
—
—
Jesse D Williams
—
Deed Of Trust
related
$181,897 · Cascade Bank
—
—
Alma V Mathews
—
Deed Of Trust
related
$15,489 · Individual
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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