New search
Property profile & analytics
FOR LEASE
Office buildings
2828 Colby Ave Everett, WA 98201
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1631402
For Lease
1 / 17
$4,615,000
2828 Colby Ave, Everett, WA 98201
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
17,068 SF
Lot
0.24 ac (10,454 SF)
Zoning code
F4
APN
439166801400
UPID
US90-1631402
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
-
PSG Washington Inc Insurance Agency
-
ATM Opus Bank Atm Bank
-
The Law Office of Robert N. Getz, P.S. Law Firm Child Welfare Organization
-
Specialty Medical Staffing Employment Agency
-
Otak, Inc. Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.69M
Comparable Approach
Comparable
$6.07M
Blend (final)
Blend
$4.62M
Owner & transaction history
Tec Holdings 84 LLC · 8 yrs held
Tec Holdings 84 LLC
since 2017
6 recorded transactions
Zoning & alternative use
F4 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+14.4%
Medical building
$6.4M
+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%
$5,075,000
6.5%
$4,685,000
7%
$4,350,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,845,000
Current use
RESTAURANT
$6,685,000
Change: +14% · Conversion: Moderate
MEDICAL BUILDING
$6,360,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$5,275,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.62M
Range $4.15M – $5.08M · ±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
$270 / 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
$36,698
Tax year 2023
Assessed value
$4,469,000
Assessed 2023
Previous assessed
$3,418,000
+30.7% YoY
Effective rate
0.82%
On assessed value
Assessed land
$697,500
Assessed improvement
$3,771,500
Land market value
$697,500
Improvement market value
$3,771,500
Total market value
$4,469,000
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
For Lease
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
3
Total area
17,068 SF
Lot
0.24 ac (10,454 SF)
Zoning code
F4
APN
439166801400
UPID
US90-1631402
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
$5.8M
RESTAURANT
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$5.3M
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
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
Tec Holdings 84 LLC
Entity
Mailing address
PO BOX 5267, EVERETT, WA 98206-5267
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2017
$3,000,000
Tec Holdings 84 LLC
Opus Bk
Warranty Deed
$3,087,000 · Skotdal Brothers LLC
—
—
Frank R Willson
—
Deed Of Trust
related
$144,000 · Frontier Bank
—
—
Frank R Willson
—
Deed Of Trust
related
$48,000 · Frontier Bank
—
—
Linda L Wilson
—
Deed Of Trust
related
$57,500 · Cascade Bank
—
—
Thomas W Scott
—
Deed Of Trust
related
$25,794 · Cascade Bank
—
—
Rolland E Mueller
—
Deed Of Trust
related
$175,000 · Cascade Bank
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?”
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.
