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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Individual retail properties
2532 Broadway Everett, WA 98201-3021
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-2571262
Property summary
AI-generated overview
This exceptional 1,958 square foot executive/traditional office building presents a unique owner-user opportunity in Everett, WA. Located at 2532 Broadway, this two-story, 1915-built building boasts a 2020 renovation, offering modern amenities within a historic structure. The property sits on a 0.08-acre lot and includes two parking spaces. With 100% occupancy and a single unit, this building is ideal for a business seeking a prominent location. The C1 zoning allows for a variety of commercial uses. Benefit from the high visibility and traffic count exceeding 20,000 cars daily, situated near I-5, Everett Community College, and a hospital. The asking price is $625,000, translating to $319.20 per square foot. This is a rare chance to own a well-maintained, strategically located office building in a thriving area. The property's APN is 004391-566-017-02. This is an investment opportunity not to be missed.
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1915
Construction
WOOD
Total area
1,958 SF
Lot
0.08 ac (3,485 SF)
Zoning code
BMU
APN
439156601702
UPID
US90-2571262
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
-
Empire Insurance Brokers Insurance Agency
-
Nationwide Insurance: A&R Insurance And Financial Services LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$449k
Blend (final)
Blend
$550k
Owner & transaction history
Sahale Properties LLC · 7 yrs held
Sahale Properties LLC
since 2019
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
BMU · 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
$505,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$795,000
Current use
MEDICAL BUILDING
$730,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $625k (Apr 17 2025)
Last sale anchor
$625k
Apr 17 2025
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
$281 / 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
$4,457
Tax year 2023
Assessed value
$532,800
Assessed 2023
Previous assessed
$501,600
+6.2% YoY
Effective rate
0.84%
On assessed value
Assessed land
$313,000
Assessed improvement
$219,800
Land market value
$313,000
Improvement market value
$219,800
Total market value
$532,800
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
1915
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
2
Rooms
5
Bathrooms
3
Total area
1,958 SF
Lot
0.08 ac (3,485 SF)
Zoning code
BMU
APN
439156601702
UPID
US90-2571262
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BMU · Everett, WA
Zoning BMU · permitted uses
BMU · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$795,000
MEDICAL BUILDING
Est. value
$730,000
OFFICE BUILDING
Est. value
$670,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
MEDICAL BUILDING
OFFICE BUILDING
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
1915
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Sahale Properties LLC
Entity
Mailing address
2532 BROADWAY, EVERETT, WA 98201-3021
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 7, 2019
$495,000
Sahale Properties LLC
Tran-cao,phuong D
Warranty Deed
$252,800 · Keybank USA
Sep 17, 2012
—
Phuong D Tran-cao
Cao,yen
Quit Claim Deed
related
—
Aug 2, 2005
$305,000
Phuong D T Cao
Premier Pacific LLC
Grant Deed
related
—
Jun 14, 2005
$305,000
Phoung D T Cao
Premier Pacific LLC
Warranty Deed
$152,500 · Cathay Bank
Jun 11, 2004
—
Premier Pacific Properties LLC
Thomas,lisa M & David W
Quit Claim Deed
related
—
Nov 1, 1991
$110,000
—
—
Grant Deed
related
$79,200 · Frontier Bk (wa)
—
—
Sahale Properties LLC
—
Deed Of Trust
related
$252,800 · Keybank USA
—
—
Sahale Properties LLC
—
Deed Of Trust
related
$211,000 · Evergreen Busn Cap
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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