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Property profile & analytics
OFF-MARKET
Estimated value
$13,660,000
Office buildings
2722 Colby Ave Everett, WA 98201-3557
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0765449
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1925
Construction
TYPE NOT SPECIFIED
Total area
53,740 SF
Lot
0.38 ac (16,553 SF)
Zoning code
B-3
APN
439162401700
UPID
US90-0765449
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
-
Dedicated Dental Practice Dental Office
-
George B. Knapp, PsyD Physician Medical Clinic
-
Alnaquib Child and Adolescent Psychiatry Clinic Physician Medical Clinic
-
Keep on Dancing Mental Health Services Physician
-
Ivy Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.76M
Comparable Approach
Comparable
$17.39M
Blend (final)
Blend
$13.66M
Owner & transaction history
Jb Everett LLC · 6 yrs held
Jb Everett LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-3 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.0M
+14.4%
Medical building
$20.0M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,985,000
6.5%
$14,755,000
7%
$13,700,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,405,000
Current use
RESTAURANT
$21,045,000
Change: +14% · Conversion: Moderate
MEDICAL BUILDING
$20,025,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$16,605,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$13.66M
Range $12.29M – $15.03M · ±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
$254 / 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
$105,110
Tax year 2023
Assessed value
$12,800,000
Assessed 2023
Previous assessed
$12,263,000
+4.4% YoY
Effective rate
0.82%
On assessed value
Assessed land
$697,500
Assessed improvement
$12,102,500
Land market value
$697,500
Improvement market value
$12,102,500
Total market value
$12,800,000
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
1925
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
5
Total area
53,740 SF
Lot
0.38 ac (16,553 SF)
Zoning code
B-3
APN
439162401700
UPID
US90-0765449
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Everett, WA
Zoning B-3 · permitted uses
B-3 · 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
$18.4M
RESTAURANT
Est. value
$21.0M
MEDICAL BUILDING
Est. value
$20.0M
WAREHOUSE, STORAGE
Est. value
$16.6M
OFFICE BUILDING Current
RESTAURANT
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
1925
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
5
Buildings
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Jb Everett LLC
Entity
Mailing address
330 112TH AVE NE STE #200, BELLEVUE, WA 98004-5800
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
$12,950,000
Jb Everett LLC
Nmv Everett LLC
Warranty Deed
$8,970,000 · Cathay Bank
Jun 13, 2019
—
Nmv Everett LLC
—
Loan Modification
related
$7,775,000 · Thorofare Asset Based Lndg Rei
Nov 3, 2017
—
Nmv Everett LLC
—
Grant Deed
related
$7,775,000 · Thorofare Asset Based Lndg Rei
Dec 4, 2015
$275,000
Adair Enterprises LLC
William J Hodo
Warranty Deed
$550,000 · Mountain Pacific Bank
Jul 17, 2007
$14,150,000
Nmv Everett LLC
Colby California LLC
Warranty Deed
$8,350,000 · Countrywide Cmrcl Real Estate Fin I
Sep 30, 1994
$510,000
Charles R Macaulay
Colby Associates
Grant Deed
$450,000 · Frontier Bank
Jul 11, 1989
$50,950
Brian L Gjernes
Jarman,nathan J
Grant Deed
$45,765 · Washington Mutual Fsb
—
—
James E Grennell
—
Deed Of Trust
related
$105,483 · Washington Cu
—
—
Tom H Pearson
—
Deed Of Trust
related
$33,400 · Washington Cu
—
—
Thomas Roesch
—
Deed Of Trust
related
$24,993 · Washington Cu
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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