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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Retail space
203 130th SE St Everett, WA 98208-6465
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1688699
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
6,254 SF
Lot
0.41 ac (17,860 SF)
Zoning code
UC
APN
28042500405700
UPID
US90-1688699
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
-
Northend Auto Connection Car Dealership
-
NW Dental Staffing Employment Agency
-
Finance of America Mortgage LLC Loan Service Bank
-
Jamie L. Hannam, LMP Alternative Medicine Practice Spa & Massage Center
-
Vandit Wrestling Academy Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.99M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$1.78M
Owner & transaction history
Mill Creek 203 LLC · 5 yrs held
Mill Creek 203 LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
UC · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+45.2%
Medical building
$2.3M
+14.8%
Auto repair, garage
$2.2M
+8.4%
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
$1,975,000
ML approach
$1,985,000
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,390,000
7%
$1,290,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,030,000
Current use
RESTAURANT
$2,950,000
Change: +45% · Conversion: Easy
MEDICAL BUILDING
$2,330,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,200,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$2,115,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,930,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±10% · vs last sale $1.77M (Jun 17 2021)
Last sale anchor
$1.77M
Jun 17 2021
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
$284 / 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
$15,780
Tax year 2023
Assessed value
$1,820,900
Assessed 2023
Previous assessed
$1,220,000
+49.3% YoY
Effective rate
0.87%
On assessed value
Assessed land
$449,700
Assessed improvement
$1,371,200
Land market value
$449,700
Improvement market value
$1,371,200
Total market value
$1,820,900
Applied tax rate
2,310.0000
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
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
6,254 SF
Lot
0.41 ac (17,860 SF)
Zoning code
UC
APN
28042500405700
UPID
US90-1688699
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Everett, WA
Zoning UC · permitted uses
UC · 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
$2.0M
RESTAURANT
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.9M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Mill Creek 203 LLC
Entity
Mailing address
203 130TH ST SE, EVERETT, WA 98208-6465
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$1,767,012
Mill Creek 203 LLC
Jambo Tia LLC
Warranty Deed
—
Jan 27, 2015
$867,011
Jambo Tia LLC
Robert K Winston
Warranty Deed
$693,609 · Banner Bank
Mar 28, 2008
—
Robert K Winston
—
Trustees Deed
related
$1,200,000 · Homestreet Bank
Mar 1, 2007
$325,000
Robert K Winston
Crawford,gary L & Stephany
Warranty Deed
$172,250 · Homestreet Bank
Feb 16, 2006
$220,000
Gary L Crawford
Hong,chong-nam & Wha-za
Warranty Deed
—
Jun 16, 1999
$120,000
Chong-nam Hong
Alcher,franklin L
Grant Deed
$90,000 · Seller
—
—
Chong-nam Hong
—
Deed Of Trust
related
$45,000 · Seung H & NA Lee
—
—
Robert K Winston
—
Deed Of Trust
related
$1,340,000 · First Heritage 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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