New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Retail space
1904 Wetmore Ave Everett, WA 98201-6110
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-0664831
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
WOOD
Total area
12,316 SF
Lot
0.35 ac (15,246 SF)
Zoning code
FN
APN
437037902800
UPID
US90-0664831
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
-
Farmers Insurance - Catherine Wilson Insurance Agency
-
Neeleman Law Group Law Firm Financial Advisor
-
Neeleman Jennifer L Law Firm
-
Lamoureux Real Estate Real Estate Agency
-
Everett WA Real Estate Listings, Homes, Properties, and Lots Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.83M
Owner & transaction history
Lamoureux Homes LLC · 23 yrs held
Lamoureux Homes LLC
since 2002
7 recorded transactions
Zoning & alternative use
FN · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.0M
+16.9%
Commercial (general)
$2.9M
+13.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,555,000
Current use
INDUSTRIAL (GENERAL)
$2,985,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,905,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10%
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
$148 / 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
$18,271
Tax year 2023
Assessed value
$2,225,000
Assessed 2023
Previous assessed
$2,099,000
+6.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$460,000
Assessed improvement
$1,765,000
Land market value
$460,000
Improvement market value
$1,765,000
Total market value
$2,225,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
12,316 SF
Lot
0.35 ac (15,246 SF)
Zoning code
FN
APN
437037902800
UPID
US90-0664831
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FN · Everett, WA
Zoning FN · permitted uses
FN · 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
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Lamoureux Homes LLC
Entity
Mailing address
1904 WETMORE AVE STE #101, EVERETT, WA 98201-6110
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2017
—
Barbara Lamoureux
—
Deed
related
$70,000 · Marion Berry
Oct 25, 2002
$239,000
Lamoureux Homes LLC
Delelu,tesfaye A
Grant Deed
$181,396 · Frontier Bank
Oct 18, 1996
$130,000
Tesfaye A Delelu
Gessner Trust
Grant Deed
$90,000 · Kirchgessner Trust
Feb 17, 1994
—
Kirchgessner Trust
Kirchgessner,lar
Quit Claim Deed
related
—
—
—
Lamoureux Homes LLC
—
Deed Of Trust
related
$1,350,000 · Frontier Bank
—
—
Barbara Lamoureux
—
Deed Of Trust
related
$100,000 · Marion A Berry
—
—
Lamoureux Homes LLC
—
Deed Of Trust
related
$500,000 · Coastal Community Bank
—
—
Lamoureux Homes LLC
—
Deed Of Trust
related
$625,000 · Coastal Community Bank
—
—
Lamoureux Homes LLC
—
Deed Of Trust
related
$100,000 · Frontier Bank
—
—
Barbara Lamoureux
—
Deed Of Trust
related
$70,000 · Marion Berry
—
—
Lampureux Homes LLC
—
Deed Of Trust
related
$1,200,000 · Frontier 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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