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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Retail space
1904 Mcdougall Ave Everett, WA 98201-2459
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0291441
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1916
Construction
WOOD
Total area
3,290 SF
Lot
0.21 ac (9,148 SF)
Zoning code
F2
APN
437938403000
UPID
US90-0291441
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$868k
Blend (final)
Blend
$950k
Owner & transaction history
Sung Kyu Kim · 2 yrs held
Sung Kyu Kim
since 2023
Last sale
$950,000
6 recorded transactions
Zoning & alternative use
F2 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+79.7%
Office building
$1.1M
+65.2%
Warehouse, storage
$1.0M
+49.0%
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
$1,035,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
RETAIL STORES
$680,000
Current use
MEDICAL BUILDING
$1,225,000
Change: +80% · Conversion: Difficult
OFFICE BUILDING
$1,125,000
Change: +65% · Conversion: Easy
WAREHOUSE, STORAGE
$1,015,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$775,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Nov 27 2023)
Last sale anchor
$950k
Nov 27 2023
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
$289 / 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
$5,811
Tax year 2023
Assessed value
$707,700
Assessed 2023
Previous assessed
$640,900
+10.4% YoY
Effective rate
0.82%
On assessed value
Assessed land
$315,700
Assessed improvement
$392,000
Land market value
$315,700
Improvement market value
$392,000
Total market value
$707,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1916
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
3,290 SF
Lot
0.21 ac (9,148 SF)
Zoning code
F2
APN
437938403000
UPID
US90-0291441
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$680,000
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$730,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1916
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Sung Kyu Kim
Individual
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
$950,000
Sung Kyu Kim
Marie M Weiss
Warranty Deed
—
Nov 22, 2023
—
Marie M Weiss
Frank J Weiss
Intrafamily Transfer
related
—
Nov 6, 2001
$458,000
Marie M Dootson
Hofmann,arnold R & Vicki G
Grant Deed
$333,000 · Arnold R & Vicki G Hofmann
Feb 8, 2000
$74,044
Arnold R Hofmann
Griffin,steve & Rhonda L
Grant Deed
$240,000 · Seller
—
—
Marie M Dootson
—
Deed Of Trust
related
$208,000 · David Little
—
—
Steve Griffin
—
Deed Of Trust
related
$62,426 · S & S Asset Manage Corp
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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