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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Commercial land
2914 Marine Vw Dr Everett, WA 98201-3926
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0950397
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1925
Total area
770 SF
Lot
0.07 ac (3,049 SF)
Zoning code
F6
APN
439167803500
UPID
US90-0950397
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Lbs West Marine View Drive LLC · 4 yrs held
Lbs West Marine View Drive LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
F6 · 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
$1,030,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $1.00M (May 4 2022)
Last sale anchor
$1.00M
May 4 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
$1,312 / 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
$801
Tax year 2023
Assessed value
$97,600
Assessed 2023
Previous assessed
$96,000
+1.7% YoY
Effective rate
0.82%
On assessed value
Assessed land
$97,600
Land market value
$97,600
Total market value
$97,600
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1925
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Total area
770 SF
Lot
0.07 ac (3,049 SF)
Zoning code
F6
APN
439167803500
UPID
US90-0950397
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F6 · Everett, WA
Zoning F6 · permitted uses
F6 · 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.
Building & site characteristics
From public records
Year built
1925
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Lbs West Marine View Drive LLC
Entity
Mailing address
2902 W MARINE VW DR, EVERETT, WA 98201-3926
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
$1,000,000
Lbs West Marine View Drive LLC
D & P Mcleod LLC
Warranty Deed
$1,000,000 · D & P Mcleod LLC
Dec 11, 2017
—
D & P Mcleod LLC
Mcleod,dennis & Patricia
Quit Claim Deed
related
—
Nov 2, 2017
$900,000
Dennis Mcleod
2902 West Marine View Drive As
Warranty Deed
—
Nov 2, 2017
—
Dennis Mcleod
Mcleod,patricia
Quit Claim Deed
related
—
Jul 18, 2014
—
West Marine View Drive As 2902
—
Trustees Deed
related
$25,000 · David R Little
May 9, 2006
$600,000
W Marine View Dr Assocs L 2902
Bear,frank K JR & Sherri
Warranty Deed
—
Sep 1, 1989
$34,000
Frank K Bear JR.
Unknown
Grant Deed
—
—
—
W Marine View Dr Assocs L 2902
—
Deed Of Trust
related
$247,197 · Frontier Bank
—
—
Frank J Bear
—
Deed Of Trust
related
$249,500 · Coastal Community Bank
—
—
West Marine View Drive As 2902
—
Deed Of Trust
related
$170,000 · David R Little
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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