Entity Owned Property summary
AI-generated overview
This exceptional commercial property, situated at 1723 100th Place SE in Everett, WA, presents a fantastic leasing opportunity. Boasting a highly desirable location between Costco and WinCo, this two-story building offers excellent visibility and accessibility. The 0.38-acre lot provides ample on-site parking, supplemented by convenient street parking for overflow. The available space is located on the second floor and is highly versatile, potentially divisible into two separate units ranging from 690 to 960 square feet. The building's multi-tenant structure fosters a vibrant and collaborative environment. This property is ideally suited for a variety of professional services, including but not limited to medical practices (doctors' offices, dentists), accounting and bookkeeping firms, and counseling or therapy services. The high traffic area ensures significant foot and vehicle traffic, providing excellent exposure for any business. The monthly rental rate is $2800. Interested parties are encouraged to inquire for further details and scheduling a viewing. The property's strategic location and flexible space make it an exceptional investment for any business seeking a thriving commercial presence in Everett.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1986
Construction
WOOD
Total area
5,396 SF
Lot
0.38 ac (16,553 SF)
Zoning code
F2
APN
659600000100
UPID
US90-1292064
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate Agency
-
Family Counselor
-
Alternative Medicine Practice Spa & Massage Center
-
Insurance Agency
-
Dental Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.88M
Owner & transaction history
since 2022
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
F2 · Everett, WA
Top alternative use upside
Apartment house (5+ units)
$2.7M
+49.2%
Restaurant
$2.5M
+39.5%
Medical building
$2.0M
+10.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.88M
Value range
$1.69M – $2.06M
±10% around blend
Estimated value / SF
$347 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
90
$1.69M
blend $1.88M
$2.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,396 SF
Lot area
0.38 ac
Year built
1986
Stories
2
APN
659600000100
Zoning
F2
Assessed value
$1,408,000
Annual tax
$12,329
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.48M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.61M
@ 6.5% CAP return
$1.48M
@ 7% CAP return
$1.38M
4
Sales comparison
Partial preview
Sales approach indication
$1.75M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.8 mi away · 4,930 SF
11.6 mi away · 4,685 SF
15.8 mi away · 4,987 SF
16.9 mi away · 4,224 SF
19.1 mi away · 4,660 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.88M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 65 sales
$338
+3%
County 197 sales
$357
-3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $347/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+49%
vs current-use indication
Restaurant
Medical Building
Auto Repair, Garage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.10%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.10%
9.0%
NOI (est.)
$103k *
Last sale · Mar 2022
$1.47M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.02M
Move the market yield to see immediate price impact.
Value / SF
$374
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.60%5.10%5.60%
$93k
$2.02M
$1.82M
$1.66M
$103k
$2.24M
$2.02M
$1.84M
$113k
$2.46M
$2.22M
$2.02M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$2.00M
0.2 mi · Dec 2025 · $363/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,329
Tax year 2023
Assessed value
$1,408,000
Assessed 2023
Previous assessed
$1,408,000
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$550,500
Assessed improvement
$857,500
Land market value
$550,500
Improvement market value
$857,500
Total market value
$1,408,000
Applied tax rate
56.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
3
Total area
5,396 SF
Lot
0.38 ac (16,553 SF)
Zoning code
F2
APN
659600000100
UPID
US90-1292064
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F2 · Everett, WAZoning F2 · permitted uses
F2 · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.38 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
F2
Jurisdiction
Everett, WA
Recorded code
F2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for F2 in Everett, WA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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