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Property profile & analytics
FOR SALE
Industrial properties
2024 Madison St, Everett, WA 98203
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0299906
For Sale
1 / 13
$350,000
2024 Madison St, Everett, WA 98203
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
1948
Construction
WOOD
Total area
768 SF
Lot
0.07 ac (3,049 SF)
Zoning code
F1
APN
545001801300
UPID
US90-0299906
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
-
Team Up 2 Charitable Organization Social Service Agency
-
KR Business Brokers Business Broker Business To Business Service
-
Rob Mundie | KR Business Brokers Business Broker
-
Quality 1st Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Nana LLC · 3 yrs held
Nana LLC
since 2023
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
F1 · 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
$815,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $750k (Mar 7 2023)
Last sale anchor
$750k
Mar 7 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
$1,003 / 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
$2,470
Tax year 2023
Assessed value
$299,600
Assessed 2023
Previous assessed
$195,500
+53.2% YoY
Effective rate
0.82%
On assessed value
Assessed land
$236,400
Assessed improvement
$63,200
Land market value
$236,400
Improvement market value
$63,200
Total market value
$299,600
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
For Sale
Year built
1948
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
768 SF
Lot
0.07 ac (3,049 SF)
Zoning code
F1
APN
545001801300
UPID
US90-0299906
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F1 · Everett, WA
Zoning F1 · permitted uses
F1 · 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.
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Nana LLC
Entity
Mailing address
2024 MADISON ST, EVERETT, WA 98203-5313
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
—
Nana LLC
Randi B Edwards
Quit Claim Deed
related
—
Jun 15, 2018
$750,000
Rras Investments LLC
Little Sandee
Grant Deed
—
Jun 29, 2012
$121,500
Kle LLC
2024 Madison Avenue Trust
Warranty Deed
$51,500 · 2024 Madison Avenue Trust (ct)
Sep 6, 2001
$96,500
Derenzo Trust
Wayman,gary F & Lorita R
Grant Deed
$26,000 · Raymond A Canell
—
—
Gary F Wayman
—
Deed Of Trust
related
$37,700 · Christensen & Hawes INC
—
—
2024 Madison Avenue Trust
—
Deed Of Trust
related
$43,551 · Travis F Derenzo
—
—
De Renzo Trust
—
Deed Of Trust
related
$21,000 · Raymond A Canell
—
—
Madison Avenue Trust
—
Deed Of Trust
related
$15,000 · De Renzo Trust
—
—
2024 Madison Avenue Trust
—
Deed Of Trust
related
$50,000 · Travis F Derenzo
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.
Try Rey
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