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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
2602 Grand Ave Everett, WA 98201-3414
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-3060978
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
1,200 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R-5
APN
439161602900
UPID
US90-3060978
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
$630k
CAP Approach
CAP
$330k
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$500k
Owner & transaction history
James L Buchannan · 4 yrs held
James L Buchannan
since 2021
Last sale
$485,000
7 recorded transactions
Zoning & alternative use
R-5 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$445,000
+8.8%
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
$670,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$355,000
6.5%
$330,000
7%
$305,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$410,000
Current use
MEDICAL BUILDING
$445,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$370,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $485k (Dec 22 2021)
Last sale anchor
$485k
Dec 22 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
$417 / 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
$3,667
Tax year 2023
Assessed value
$446,500
Assessed 2023
Previous assessed
$421,000
+6.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$327,800
Assessed improvement
$118,700
Land market value
$327,800
Improvement market value
$118,700
Total market value
$446,500
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
1,200 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R-5
APN
439161602900
UPID
US90-3060978
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-5 · Everett, WA
Zoning R-5 · permitted uses
R-5 · 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
$410,000
MEDICAL BUILDING
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$370,000
OFFICE BUILDING Current
MEDICAL 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
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
James L Buchannan
Individual
Free & Clear · 4 yrs held
Mailing address
14325 E LK GOODWIN RD, STANWOOD, WA 98292-7944
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
—
James L Buchannan
Kathleen Burgler
Quit Claim Deed
related
—
Jun 1, 2020
$485,000
Axiom Northwest Construction INC
Camp Grove State Bank
Bargain And Sale Deed
$388,000 · Banner Bank
Jan 3, 2019
—
Camp Grove St Bk
Treasurer Of Snohomish County
Tax Deed
related
—
Dec 21, 1999
$160,034
Arthur Lindgren
Snohomish County Sherif
Grant Deed
—
Oct 1, 1992
$141,800
Sno Cty Sheriffs Assoc
Unknown
Grant Deed
—
—
—
Arthur H Lindgren
—
Deed Of Trust
related
$250,000 · Jacob & Nancy Arias
—
—
Arthur H Lindgren
—
Deed Of Trust
related
$100,000 · Lee & Joan Mimms
—
—
Arthur H Lindgren
—
Deed Of Trust
related
$112,000 · Interbay Mortgage
—
—
Arthur H Lindgren
—
Deed Of Trust
related
$100,000 · Mark K & Susan J Dugger
—
—
Anthony H Lindgren
—
Deed Of Trust
related
$110,000 · Mark Dugger
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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