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Property profile & analytics
OFF-MARKET
Estimated value
$24,520,000
Warehouses
2208 Casino Rd Everett, WA 98204-1455
Individually Owned
Free & Clear
Property ID
US90-1617552
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
TYPE NOT SPECIFIED
Total area
108,367 SF
Lot
7.55 ac (328,878 SF)
Zoning code
FD
APN
28041400204000
UPID
US90-1617552
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 Outlet Goodwill Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.66M
Comparable Approach
Comparable
$28.71M
Blend (final)
Blend
$24.52M
Owner & transaction history
Snohomish Cnty Public Trans Benefit
Snohomish Cnty Public Trans Benefit
since 2026
Last sale
$25.4M
7 recorded transactions
Zoning & alternative use
FD · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$40.4M
+20.6%
Auto repair, garage
$38.1M
+13.9%
Office building
$36.6M
+9.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,215,000
6.5%
$18,660,000
7%
$17,325,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$33,485,000
Current use
MEDICAL BUILDING
$40,385,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$38,125,000
Change: +14% · Conversion: Easy
OFFICE BUILDING
$36,610,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$35,170,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$24.52M
Range $22.07M – $26.97M · ±10% · vs last sale $25.35M (Feb 18 2026)
Last sale anchor
$25.35M
Feb 18 2026
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
$226 / 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
Assessed value
$15,945,200
Assessed 2023
Previous assessed
$14,098,800
+13.1% YoY
Assessed land
$3,827,700
Assessed improvement
$12,117,500
Land market value
$3,827,700
Improvement market value
$12,117,500
Total market value
$15,945,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
108,367 SF
Lot
7.55 ac (328,878 SF)
Zoning code
FD
APN
28041400204000
UPID
US90-1617552
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FD · Everett, WA
Zoning FD · permitted uses
FD · 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
WAREHOUSE, STORAGE Current
Est. value
$33.5M
MEDICAL BUILDING
Est. value
$40.4M
AUTO REPAIR, GARAGE
Est. value
$38.1M
OFFICE BUILDING
Est. value
$36.6M
RETAIL STORES
Est. value
$35.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2009
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
7.55 ac
Current owner
From public records · entity-resolved
Snohomish Cnty Public Trans Benefit
Individual
Free & Clear · 0 yrs held
Mailing address
1765 6TH AVE S, SEATTLE, WA 98134-1608
Ownership since
2026
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
Feb 18, 2026
$25,350,000
Snohomish Cnty Public Trans Benefit
Evergreen Goodwill Of Northwest Wa
Bargain & Sale Deed
—
Mar 1, 2017
—
Seattle Goodwill Industries
—
Deed
related
—
Mar 31, 2011
$10,900,000
Seattle Goodwill Industries
Heller Hilde Trust
Warranty Deed
$30,000,000 · Bank Of America
Nov 2, 2009
—
Casino Road Business Pk Pg LLC
—
Trustees Deed
related
$7,224,310 · Union Bank
Dec 5, 2007
—
Casino Road Business Pk Pg LLC
—
Trustees Deed
related
$10,725,000 · Union Bank Of California
Oct 10, 2007
—
Gregory N Smyth
Smyth,traci M
Quit Claim Deed
related
—
Oct 10, 2007
$2,750,000
Casino Road Business Pk Pg LLC
Veritas Dev INC
Warranty Deed
—
—
—
Casino Road Business Pk Pg LLC
—
Deed Of Trust
related
—
—
—
Seattle Goodwill Industries
—
Deed Of Trust
related
—
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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