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Property profile & analytics
FOR LEASE
Office Spaces
2707 Colby Ave Everett, WA 98201
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US90-1399591
For Lease
1 / 6
$32,440,000
2707 Colby Ave, Everett, WA 98201
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
150,338 SF
Lot
0.69 ac (30,056 SF)
Zoning code
F4
APN
439162500100
UPID
US90-1399591
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
-
1 Alliance Geomatics Land Surveyor
-
Carpenter Glenn Paul Law Firm
-
New American Funding - Andrew Stiger Loan Service Bank
-
Blake Hallum, Loan Consultant - New American Funding Loan Service Bank
-
Brandon Anderson, Loan Consultant - New American Funding Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.92M
Comparable Approach
Comparable
$37.67M
Blend (final)
Blend
$32.44M
Owner & transaction history
Skotdal Mutual LLC · 27 yrs held
Skotdal Mutual LLC
since 1998
7 recorded transactions
Zoning & alternative use
F4 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$51.5M
+45.3%
Warehouse, storage
$46.5M
+31.1%
Industrial (general)
$36.4M
+2.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$34,580,000
6.5%
$31,920,000
7%
$29,640,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$35,445,000
Current use
OFFICE BUILDING
$51,485,000
Change: +45% · Conversion: Easy
WAREHOUSE, STORAGE
$46,450,000
Change: +31% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$36,440,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$33,350,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$32.44M
Range $29.20M – $35.68M · ±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
$216 / 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
$233,319
Tax year 2023
Assessed value
$28,413,000
Assessed 2023
Previous assessed
$27,067,000
+5.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,178,700
Assessed improvement
$27,234,300
Land market value
$1,178,700
Improvement market value
$27,234,300
Total market value
$28,413,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
10
Total area
150,338 SF
Lot
0.69 ac (30,056 SF)
Zoning code
F4
APN
439162500100
UPID
US90-1399591
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F4 · Everett, WA
Zoning F4 · permitted uses
F4 · 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
COMMERCIAL (GENERAL) Current
Est. value
$35.4M
OFFICE BUILDING
Est. value
$51.5M
WAREHOUSE, STORAGE
Est. value
$46.5M
INDUSTRIAL (GENERAL)
Est. value
$36.4M
AUTO REPAIR, GARAGE
Est. value
$33.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
10
Lot
0.69 ac
Current owner
From public records · entity-resolved
Skotdal Mutual LLC
Entity
Mailing address
PO BOX 5267, EVERETT, WA 98206-5267
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2025
—
Steven P Anderson
—
Deed
related
$75,000 · Northwest Plus Cu
Jun 11, 2021
—
Skotdal Mutual LLC
—
Deed
related
$2,000,000 · John Hancock Life Insurance Company USA
Oct 6, 2017
—
Skotdal Mutual LLC
—
Deed
related
$29,866,850 · Skotdal Living Trust (pt)
Nov 3, 1998
—
Skotdal Mutual LLC
Skotdal,arthur W & Marianne
Quit Claim Deed
related
—
Sep 28, 1998
—
Arthur W Skotdal
—
Deed Of Trust
related
$13,100,000 · Northwestern Mutual Life Ins
Aug 18, 1997
$17,400,000
Arthur Skotdal
Colby-everett No 3 INC
Grant Deed
$13,000,000 · Afl-cio Building Inv Trust
Dec 22, 1995
$18,007,494
Colby Everett No 3 INC
Regional Trustee Services Corp
Grant Deed
—
Dec 7, 1993
$535,670
Colby Square Partners
Everett Mutual S
Grant Deed
$18,000,000 · Mercantile-safe Depo
Mar 1, 1988
$340,000
Colby Square Partners LP
Unknown
Grant Deed
—
—
—
Skotdal Mutual LLC
—
Deed Of Trust
related
$12,000,000 · Northwestern Mutual Life Ins
—
—
Skotdal Mutual LLC
—
Deed Of Trust
related
$29,866,850 · Skotdal Living Trust (pt)
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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