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Property profile & analytics
OFF-MARKET
Estimated value
$2,425,000
Sports & entertainment properties
1611 Everett Ave Everett, WA 98201-3514
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1322045
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1921
Construction
TYPE NOT SPECIFIED
Total area
19,142 SF
Lot
0.36 ac (15,682 SF)
Zoning code
F4
APN
562461201800
UPID
US90-1322045
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
-
APEX Art and Culture Center Hotel & Motel Resort
-
Kings Hall Everett Hotel & Motel Resort
-
16Eleven Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.43M
Owner & transaction history
Bayside Rollers LLC · 3 yrs held
Bayside Rollers LLC
since 2022
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
F4 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+196.0%
Commercial (general)
$3.3M
+195.3%
Auto repair, garage
$2.5M
+125.4%
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
$2,455,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,330,000
Change: +196% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,325,000
Change: +195% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,535,000
Change: +125% · Conversion: Difficult
RESTAURANT
$2,475,000
Change: +120% · Conversion: Difficult
MEDICAL BUILDING
$2,055,000
Change: +83% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,950,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$1,835,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.18M – $2.67M · ±10% · vs last sale $2.39M (Aug 5 2022)
Last sale anchor
$2.39M
Aug 5 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
$127 / 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
$18,606
Tax year 2023
Assessed value
$2,014,000
Assessed 2023
Previous assessed
$1,963,000
+2.6% YoY
Effective rate
0.92%
On assessed value
Assessed land
$666,000
Assessed improvement
$1,348,000
Land market value
$666,000
Improvement market value
$1,348,000
Total market value
$2,014,000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1921
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
19,142 SF
Lot
0.36 ac (15,682 SF)
Zoning code
F4
APN
562461201800
UPID
US90-1322045
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
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1921
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Bayside Rollers LLC
Entity
Mailing address
18127 109TH AVE SE, SNOHOMISH, WA 98296-8194
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
—
Bayside Rollers LLC
—
Deed
related
$3,200,000 · Coastal Community Bank
Jan 9, 2023
—
Bayside Rollers LLC
—
Deed
related
$2,150,000 · Matthew Reinhard Etux
Dec 9, 2022
—
Bayside Rollers LLC
—
Deed
related
$650,000 · Peter Chee
Sep 28, 2022
—
Bayside Rollers LLC
—
Deed
related
$2,000,000 · Matthew Reinhard Etux
Aug 5, 2022
$2,389,000
Bayside Rollers LLC
Sharon M Wilcox
Warranty Deed
$200,000 · Sharon M Wilcox Etux
Aug 1, 1992
$860,000
Allen R Hemmat
Unknown
Grant Deed
$378,400 · Seller
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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