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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Turn key restaurants
2831 Marine Vw Dr, Everett, WA 98201-3423
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0725161
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
1,200 SF
Lot
0.1 ac (4,356 SF)
Zoning code
B-3
APN
439167101000
UPID
US90-0725161
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
-
ATM Machine at Grandma's In Da Kitchen Atm
-
Smokey's Barbeque Restaurant
-
ATM Atm
-
Grandma's in da Kitchen Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$616k
Blend (final)
Blend
$665k
Owner & transaction history
Depot Enterprises INC · 5 yrs held
Depot Enterprises INC
since 2021
Last sale
$635,000
6 recorded transactions
Zoning & alternative use
B-3 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$710,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$470,000
Current use
MEDICAL BUILDING
$445,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$410,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $635k (Mar 1 2021)
Last sale anchor
$635k
Mar 1 2021
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
$554 / 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
$3,613
Tax year 2023
Assessed value
$440,000
Assessed 2023
Previous assessed
$410,000
+7.3% YoY
Effective rate
0.82%
On assessed value
Assessed land
$305,900
Assessed improvement
$134,100
Land market value
$305,900
Improvement market value
$134,100
Total market value
$440,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
1,200 SF
Lot
0.1 ac (4,356 SF)
Zoning code
B-3
APN
439167101000
UPID
US90-0725161
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
RESTAURANT Current
Est. value
$470,000
MEDICAL BUILDING
Est. value
$445,000
OFFICE BUILDING
Est. value
$410,000
RESTAURANT Current
MEDICAL BUILDING
OFFICE BUILDING
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
1990
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Depot Enterprises INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 1465, MUKILTEO, WA 98275-1465
Ownership since
2021
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
Mar 1, 2021
$974,123
Depot Enterprises INC
Eustace Lindsay Hunan
Trustees Deed
related
—
Feb 1, 2017
$635,000
Hunan E Lindsay
Depot Ents INC
Warranty Deed
$565,000 · Depot Ents INC
Jan 8, 1998
—
Depot Enterprises INC
Advanced Peripheral Vascular
Quit Claim Deed
related
—
Dec 1, 1992
$143,000
Peripheral Adv
Unknown
Grant Deed
$80,100 · Seller
—
—
Michael D Conyers
—
Deed Of Trust
related
$60,000 · Countrywide Bank
—
—
Advanced Peripheral Vascular D
—
Deed Of Trust
related
$80,000
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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