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Property profile & analytics
OFF-MARKET
Estimated value
$2,035,000
Office buildings
206 Casino Rd Everett, WA 98208-2609
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0905662
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1978
Construction
WOOD
Total area
8,000 SF
Lot
0.67 ac (29,185 SF)
Zoning code
C-1
APN
28041300100200
UPID
US90-0905662
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
-
Everett Dental Clinic Dental Office
-
Dr. Linh D. Nguyen, DDS Dental Office
-
Bringas Insurance Group - Simmons Partner Network Insurance Agency
-
A TODO MEXICO PAQUETERIA Courier Service Postal Service
-
Global Smoke & Vape (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.08M
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.04M
Owner & transaction history
Casino Road Center LLC · 5 yrs held
Casino Road Center LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C-1 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+10.3%
Auto repair, garage
$2.8M
+4.1%
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
$2,015,000
ML approach
$2,075,000
CAP Approach
CAP Return
Estimation
6%
$2,380,000
6.5%
$2,195,000
7%
$2,040,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,705,000
Current use
MEDICAL BUILDING
$2,980,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,815,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$2,595,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,470,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.04M
Range $1.83M – $2.24M · ±10% · vs last sale $1.59M (Oct 7 2020)
Last sale anchor
$1.59M
Oct 7 2020
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
$254 / 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
$17,196
Tax year 2023
Assessed value
$1,942,900
Assessed 2023
Previous assessed
$1,545,000
+25.8% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,066,700
Assessed improvement
$876,200
Land market value
$1,066,700
Improvement market value
$876,200
Total market value
$1,942,900
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
8,000 SF
Lot
0.67 ac (29,185 SF)
Zoning code
C-1
APN
28041300100200
UPID
US90-0905662
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Everett, WA
Zoning C-1 · permitted uses
C-1 · 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
OFFICE BUILDING Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.5M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1978
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Casino Road Center LLC
Entity
Mailing address
4717 211TH ST SW, LYNNWOOD, WA 98036-7739
Ownership since
2020
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
Oct 7, 2020
—
Casino Road Center LLC
Tuan K Pham
Quit Claim Deed
related
$1,000,000 · Brmk Lndg LLC
Nov 20, 2019
$1,592,000
Tuan K Pham
Pacific Plaza LLC
Warranty Deed
—
Jul 24, 2019
—
Pacific Plaza LLC
—
Trustees Deed
related
$319,432 · 50th & Roosevelt LLC
Nov 7, 2017
—
Pacific Plaza LLC
Ha,tien
Warranty Deed
related
$1,254,000 · Pbrelf 1 LLC Pbrelf 1 LLC
Aug 1, 2012
—
Tien Ha
Nguyen,thai-ha T
Quit Claim Deed
related
—
Jul 20, 2012
$780,000
Tien Ha
Busch,edward J
Warranty Deed
$740,000 · Edward J Busch
Oct 17, 2005
—
Edward J Busch
Busch Family Trust
Quit Claim Deed
related
—
—
—
Edward J Busch
—
Deed Of Trust
related
$410,000 · Skagit 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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