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Property profile & analytics
OFF-MARKET
Estimated value
$12,235,000
Office buildings
2731 Wetmore Ave Everett, WA 98201-3571
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1182720
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1915
Construction
TYPE NOT SPECIFIED
Total area
47,874 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B-3
APN
439162601300
UPID
US90-1182720
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
-
Law Firm of David N. Jolly Law Firm
-
KPFF Consulting Engineers Engineering Consultant
-
Guild Mortgage - Taylor Winkler Consultant Mortgage Lender
-
R Timothy Tobin, RPh Pharmacy
-
Johnson Kevin C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.15M
Comparable Approach
Comparable
$15.62M
Blend (final)
Blend
$12.24M
Owner & transaction history
Gt Wetmore LLC · 6 yrs held
Gt Wetmore LLC
since 2019
5 recorded transactions
Zoning & alternative use
B-3 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.8M
+14.4%
Medical building
$17.8M
+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%
$14,240,000
6.5%
$13,145,000
7%
$12,205,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,395,000
Current use
RESTAURANT
$18,750,000
Change: +14% · Conversion: Moderate
MEDICAL BUILDING
$17,840,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$14,790,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$12.24M
Range $11.01M – $13.46M · ±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
$256 / 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
$94,435
Tax year 2023
Assessed value
$11,500,000
Assessed 2023
Previous assessed
$8,451,000
+36.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$504,000
Assessed improvement
$10,996,000
Land market value
$504,000
Improvement market value
$10,996,000
Total market value
$11,500,000
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
1915
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
4
Total area
47,874 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B-3
APN
439162601300
UPID
US90-1182720
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
$16.4M
RESTAURANT
Est. value
$18.8M
MEDICAL BUILDING
Est. value
$17.8M
WAREHOUSE, STORAGE
Est. value
$14.8M
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
1915
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
Gt Wetmore LLC
Entity
Mailing address
1421 34TH AVE STE #300, SEATTLE, WA 98122-3634
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
$8,890,000
Gt Wetmore LLC
Superstar Corporation
Warranty Deed
$8,750,000 · Umpqua Bank
Nov 9, 2017
$8,200,000
Superstar Corporation
Wetmore Building/skodal LLC
Warranty Deed
$5,600,000 · Kitsap Bank
Apr 1, 1998
$1,900,000
Wetmore Building/skotdal LLC
Plaza Realty Holding Corp
Grant Deed
$1,900,000 · Individual
Mar 28, 1995
$3,500,000
Plaza Realty Holdings Corp
Mdfc Loan Corporation
Quit Claim Deed
related
—
—
—
Wetmore Building/skotdal LLC
—
Deed Of Trust
related
$3,150,000 · Safeco Life Insurance Co
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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