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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1905 Broadway Everett, WA 98201-2315

    • Automotive properties
    • 5,950 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Mar 28, 2024
    $1,400,000
    Value Estimations
    $1,475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1149612
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cash America Pawn / Pawn Shop / Gold Dealer

    Property Details for 1905 Broadway

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    5,950 SF
    Zone code
    F2
    Property type
    Automotive properties
    APN
    437938400100
    APU
    437938400100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,400,000
      ML approach
      $1,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,695,000
      Market price range: $607k - $1.70M
      AI Estimate
      $1,089,000
      Market price range: $315k - $1.29M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,320,000
      Current use
      RESTAURANT
      $2,330,000
      Change: +77% Conversion: Difficult
      MEDICAL BUILDING
      $2,215,000
      Change: +68% Conversion: Difficult
      OFFICE BUILDING
      $2,040,000
      Change: +54% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,840,000
      Change: +39% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,440,000
      Change: +9% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,405,000
      Change: +6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.201
    Latitude
    47.9921
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,564
    $642,000
    $888,000
    $1,530,000
    -
    $642,000
    $888,000
    $1,530,000

    Comparable in this City

    • Value Estimation by Request

      Everett, WA 98201

      VEHICLE SALES, RENTALS
      Everett, WA 98201
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    • Value Estimation
      $355,000
      4,700 SF

      3632 Broadway

      VEHICLE SALES, RENTALS • 4,700 SF
      3632 Broadway, Everett, WA 98201-5028
      View Details
    • Value Estimation
      $1,645,000
      128,564 SF

      2505 Pacific Ave

      VEHICLE SALES, RENTALS • 128,564 SF
      2505 Pacific Ave, Everett, WA 98201-5302
      View Details
    • Value Estimation
      $1,215,000
      1,325 SF

      3200 Rucker Ave

      VEHICLE SALES, RENTALS • 1,325 SF
      3200 Rucker Ave, Everett, WA 98201-4225
      View Details
    • Value Estimation
      $355,000
      4,454 SF

      2805 Broadway

      VEHICLE SALES, RENTALS • 4,454 SF
      2805 Broadway, Everett, WA 98201-3641
      View Details
    • Value Estimation
      $655,000
      6,000 SF

      2712 Hewitt Ave

      VEHICLE SALES, RENTALS • 6,000 SF
      2712 Hewitt Ave, Everett, WA 98201-3740
      View Details

    Similar Nearby for Sale

    • $999,999

      Commercial Lot Ready for Development

      Vacant commercial lot with RV parking plans and permits.
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    • $999,999

      Commercial Lot Ready for Development

      Vacant commercial lot with plans and permits for parking/storage.
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    • $725,000
      2,500 SF

      Auto Body Shop For Sale

      2500 SF auto body shop on 6098 SF lot.
      2006 Broadway Ave, Everett, WA 98201
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    • $650,000
      1,829 SF

      Everett Retail Space on Broadway

      1,829 SF retail building on Broadway in Everett.
      1716 Broadway, Everett, WA 98201
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    • $2,450,000

      Land Redevelopment Opportunity

      Land available for redevelopment in excellent location.
      1420 Hewitt Ave, Everett, WA 98201
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    • $3,500,000

      Downtown Everett Redevelopment Opportunity

      Prime commercial parcel in Everett's urban core for sale.
      1316 Wall St, Everett, WA 98201
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    Similar Nearby for Lease

    • $19,050 /Mo
      15,810 SF

      Mixed-Use Building in Downtown Everett

      Standalone building with warehouse, office, showroom, and basement spaces.
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      View Details
    • Contact for pricing
      9,980 SF

      Retail Space in Everett

      9,980 square foot retail property available for rent.
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      View Details
    • $25 SF/Yr
      1,665 SF

      Retail Space on Colby Avenue

      Retail space for lease with built-out rooms and parking.
      2522 Colby Ave, Everett, WA 98201
      View Details
    • Contact for pricing
      3,900 SF

      Everett Medical Office Building

      Single-tenant medical office, 3,900 SF
      1503 Pacific Ave, Everett, WA 98201
      View Details
    • $18 SF/Yr
      7,156 SF

      Retail/Warehouse Space Available For Rent

      7156 SF retail/warehouse space with parking and easy access.
      2202 Everett Ave, Everett, WA 98201
      View Details
    • $10 SF/Yr
      8,790 SF

      Rucker Avenue Retail/Office Space

      Large space suitable for gym, retail, or office use.
      1411 Wall St, Everett, WA 98201
      View Details
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    1905 Broadway
    Everett, WA 98201-2315
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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