Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Outlet malls
2212 Pacific Ave Everett, WA 98201
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-3182939
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1957
Construction
TYPE NOT SPECIFIED
Total area
32,207 SF
Lot
0.67 ac (29,185 SF)
Zoning code
C-2ES
APN
439074300102
UPID
US90-3182939
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$3.32M
Owner & transaction history
Everett Station District Alliance · 1 yrs held
Everett Station District Alliance
since 2025
7 recorded transactions
Zoning & alternative use
C-2ES · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10%
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
$103 / 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
$20,974
Tax year 2023
Assessed value
$2,421,000
Assessed 2023
Previous assessed
$2,350,000
+3.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$673,700
Assessed improvement
$1,747,300
Land market value
$673,700
Improvement market value
$1,747,300
Total market value
$2,421,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1957
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
32,207 SF
Lot
0.67 ac (29,185 SF)
Zoning code
C-2ES
APN
439074300102
UPID
US90-3182939
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-2ES · Everett, WAZoning C-2ES · permitted uses
C-2ES · 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
1957
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Everett Station District Alliance
Individual
Mailing address
150 131ST AVE NE, BELLEVUE, WA 98005-3336
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
—
Everett Station District Alliance
3102 Smith Project LLC
Bargain & Sale Deed
$2,500,000 · Washington State Housing Fin Commis
May 5, 2022
—
3102 Smith Project LLC
Rucker Slips LLC
Quit Claim Deed
related
—
Dec 15, 2021
—
Groundhog Land Company LLC
—
Deed
related
$1,500,000 · Nbc Mergeco INC
Jun 25, 2021
$2,400,000
Groundhog Land Company LLC
Mjb LLC
Warranty Deed
$1,680,000 · Mjb LLC
Jul 26, 2018
—
Mjb LLC
—
Deed
related
$5,000,000 · Wells Fargo Bk
Nov 7, 2007
$1,950,000
Mjb LLC
Christopher M Beeks
Warranty Deed
$1,560,000 · Wells Fargo Bank NA
Jul 14, 2004
—
City Of Everett
Central Puget Sound Regional T
Grant Deed
related
—
Dec 27, 2002
$850,000
Christopher M Beeks
Tytus,william L
Grant Deed
$915,000 · Coastal Community Bank
Apr 1, 1988
$375,000
—
—
Grant Deed
related
$315,000 · Seafirst Bank
—
—
Mjb LLC
—
Loan Modification
related
$5,000,000 · Wells Fargo Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2212 Pacific Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
