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Property profile & analytics
OFF-MARKET
Estimated value
$10,210,000
Grocery and convenience stores
1930 Merrill Crk Pkwy Everett, WA 98203-5897
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0967317
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
189,040 SF
Lot
21.04 ac (916,502 SF)
Zoning code
FD
APN
28040200400700
UPID
US90-0967317
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
-
Trident Seafoods Corporation Big Box & Wholesale Store Food Market
-
Kasilof Fish Company Take-out & Catering Fish Market
-
Port Chatham Smoked Seafood Big Box & Wholesale Store
-
Square Peg Fabrication Metal Fabrication Plant Factory
-
Pallet Shelter Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.02M
Blend (final)
Blend
$10.21M
Owner & transaction history
Seaway Ridge LLC · 3 yrs held
Seaway Ridge LLC
since 2022
Last sale
$10.3M
6 recorded transactions
Zoning & alternative use
FD · 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
$10,580,000
ML approach
$9,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.21M
Range $9.19M – $11.23M · ±10% · vs last sale $10.29M (Oct 7 2022)
Last sale anchor
$10.29M
Oct 7 2022
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
$54 / 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
$204,821
Tax year 2023
Assessed value
$26,513,500
Assessed 2023
Previous assessed
$23,447,100
+13.1% YoY
Effective rate
0.77%
On assessed value
Assessed land
$6,393,300
Assessed improvement
$20,120,200
Land market value
$6,393,300
Improvement market value
$20,120,200
Total market value
$26,513,500
Applied tax rate
25.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
189,040 SF
Lot
21.04 ac (916,502 SF)
Zoning code
FD
APN
28040200400700
UPID
US90-0967317
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FD · Everett, WAZoning FD · permitted uses
FD · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
21.04 ac
Current owner
From public records · entity-resolved
Seaway Ridge LLC
Entity
Mailing address
16108 INGLEWOOD TER NE, KENMORE, WA 98028-3965
Ownership since
2022
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
Oct 7, 2022
—
Seaway Ridge LLC
Deyoung Properties No 1 LLC
Quit Claim Deed
related
$8,300,000 · River City Bank
Jun 11, 2014
—
Deyoung Properties No 1 LLC
—
Loan Modification
related
$6,200,000 · Columbia St Bk
Jun 4, 2014
—
Epe No 1 LLC
Evergreen Professional Estates
Quit Claim Deed
related
—
Mar 31, 1997
$10,287,560
Evergreen Professional Estate
Intracorp Properties Ptshp Us
Grant Deed
$4,143,780 · Seller
—
—
Evergreen Professional Estates
—
Deed Of Trust
related
$6,275,000 · State Farm Life Insurance Co
—
—
Deyoung Properties No 1 LLC
—
Deed Of Trust
related
$5,000,000 · Columbia State 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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