Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Office buildings
2708 Colby Ave Everett, WA 98201-3511
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0018285
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1935
Construction
TYPE NOT SPECIFIED
Total area
7,050 SF
Lot
0.15 ac (6,534 SF)
Zoning code
F4
APN
439162402700
UPID
US90-0018285
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
-
Commercial Locks Everett WA Auto Repair Shop
-
Tonya Stephens, Coldwell Banker Bain Real Estate Agency
-
Nadia Daniel's Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.71M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.66M
Owner & transaction history
U S Small Business Administration · 3 yrs held
U S Small Business Administration
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
F4 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+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
$1,775,000
ML approach
$1,710,000
CAP Approach
CAP Return
Estimation
6%
$2,095,000
6.5%
$1,935,000
7%
$1,795,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,415,000
Current use
MEDICAL BUILDING
$2,625,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$2,180,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.40M (Apr 5 2022)
Last sale anchor
$1.40M
Apr 5 2022
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
$235 / 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
$10,577
Tax year 2023
Assessed value
$1,269,000
Assessed 2023
Previous assessed
$1,023,000
+24.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$368,000
Assessed improvement
$901,000
Land market value
$368,000
Improvement market value
$901,000
Total market value
$1,269,000
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1935
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
7,050 SF
Lot
0.15 ac (6,534 SF)
Zoning code
F4
APN
439162402700
UPID
US90-0018285
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
OFFICE BUILDING Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.2M
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
1935
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
U S Small Business Administration
Individual
Mailing address
2710 COLBY AVE, EVERETT, WA 98201-3511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
—
U S Small Business Administration
Northwest Business Development Asso
Assignment Of Lease (leasehold Sale)
$576,000 · Northwest Business Development Associati
Apr 5, 2022
$1,395,000
Neree Han Holdings LLP
Cep Symphony 08 LLC
Warranty Deed
$697,500 · Washington Trust Bank
Sep 20, 2018
—
Cep Symphony 08 LLC
—
Deed
related
$975,846 · Coastal Community Bank
Sep 26, 2008
$1,253,168
Cep-symphony 08 LLC
Everett Symphony Assn
Warranty Deed
$975,000 · North County Bank
Mar 5, 2003
$595,506
Everett Symphony Assoc
Harry & Jeanne Metzger Family
Grant Deed
$720,000 · Frontier Bank
Aug 25, 1998
—
Harry LP
Metzger,harry B & Jeanne H
Quit Claim Deed
related
—
—
—
Everett Symphony Association
—
Deed Of Trust
related
$720,000 · Us Bank NA
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 2708 Colby 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.
