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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Medical Office Space
1823 37th St, Everett, WA 98201-5089
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0282919
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
WOOD
Total area
4,088 SF
Lot
0.18 ac (7,841 SF)
Zoning code
FP
APN
438188201701
UPID
US90-0282919
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
-
Wright Dental Group: Wright Aaron D DMD Dental Office
-
Dr. Mark Hopkins, DPM Physician
-
Integrative Foot & Ankle Centers of Washington Physician
-
Ramandeep S. Sidhu, MBBS, M.D. Physician Hospital
-
Sound Vascular & Vein Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.46M
Owner & transaction history
Mitchell Commercial Properties LLC · 2 yrs held
Mitchell Commercial Properties LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
FP · 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
Method
Estimation
Statistic approach
$1,455,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,525,000
Current use
OFFICE BUILDING
$1,400,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$1,265,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Jan 31 2024)
Last sale anchor
$1.45M
Jan 31 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
$356 / 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
$8,253
Tax year 2023
Assessed value
$1,005,000
Assessed 2023
Previous assessed
$948,000
+6.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$312,100
Assessed improvement
$692,900
Land market value
$312,100
Improvement market value
$692,900
Total market value
$1,005,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
4,088 SF
Lot
0.18 ac (7,841 SF)
Zoning code
FP
APN
438188201701
UPID
US90-0282919
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FP · Everett, WA
Zoning FP · permitted uses
FP · 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
MEDICAL BUILDING Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING Current
OFFICE BUILDING
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Mitchell Commercial Properties LLC
Entity
Mailing address
PO BOX 2187, LEAVENWORTH, WA 98826-2187
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
$1,454,000
Mitchell Commercial Properties LLC
Burakovskiy LLC
Warranty Deed
—
Nov 18, 2021
—
Burakovskiy LLC
—
Deed
related
$487,642 · Umpqua Bank
Aug 31, 2017
—
Burakovskiy LLC
—
Deed
related
$523,544 · Bank Of America
Aug 4, 2014
$610,000
Burakovskiy LLC
Diamond Belle LLC
Warranty Deed
$561,600 · Us Bank NA
Feb 2, 1999
$450,000
Diamond Belle LLC
Walter & Bernice Howell LP
Grant Deed
$360,000 · Commercial Bank Everett
—
—
Burakovskiy LLC
—
Deed Of Trust
related
$523,544 · Bank Of America
—
—
Diamond Belle LLC
—
Deed Of Trust
related
$350,792 · Coastal Community Bank
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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