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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Office buildings
3002 Colby Ave Everett, WA 98201-4082
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-3193014
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1930
Construction
TYPE NOT SPECIFIED
Total area
13,120 SF
Lot
0.38 ac (16,553 SF)
Zoning code
F4
APN
645171802700
UPID
US90-3193014
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
-
Mazzone Law Firm, PLLC Law Firm
-
Chicago Title Insurance Co Title Company
-
Rachel Woodman- Chicago Title & Escrow Title Company
-
Stephen Pidgeon, Attorney At Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.70M
Owner & transaction history
City Of Arlington · 2 yrs held
City Of Arlington
since 2024
7 recorded transactions
Zoning & alternative use
F4 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,900,000
6.5%
$3,600,000
7%
$3,345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,055,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±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
$205 / 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
$25,497
Tax year 2023
Assessed value
$3,105,000
Assessed 2023
Previous assessed
$2,898,000
+7.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$697,500
Assessed improvement
$2,407,500
Land market value
$697,500
Improvement market value
$2,407,500
Total market value
$3,105,000
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
1930
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
13,120 SF
Lot
0.38 ac (16,553 SF)
Zoning code
F4
APN
645171802700
UPID
US90-3193014
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
WAREHOUSE, STORAGE
Est. value
$4.1M
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
1930
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
City Of Arlington
Entity
Free & Clear · 2 yrs held
Mailing address
1806 MARINE DR NE, TULALIP, WA 98271-7310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 14, 2025
—
Sarah Louise Garman
—
Deed
related
$620,000 · Fairway Independent Mortgage Corp
Feb 13, 2024
—
City Of Arlington
Puget Sound Kidney Centers
Warranty Deed
—
May 7, 2018
$25,562
Puget Sound Kidney Centers
Jensens Kent Prairie Farm LLC
Warranty Deed
—
May 1, 2018
$360,000
Emerald Springs North LLC
Bowen,gary & Patricia
Warranty Deed
—
Sep 15, 2009
—
3006 Colby LLC
Lapinski,richard L JR
Quit Claim Deed
related
—
Feb 29, 2008
$2,400,000
3006 Colby LLC
Henry Cogswell College
Warranty Deed
$1,650,000 · Frontier Bank
Sep 17, 1999
—
For Educational Ach Foundation
—
Grant Deed
related
$100,000 · Banque Nationale De Paris
Feb 23, 1999
—
Henry Cogswell College
USA
Quit Claim Deed
related
—
—
—
For Educational Ach Foundation
—
Deed Of Trust
related
$2,800,000 · Orix Public Finance LLC
—
—
3006 Colby LLC
—
Deed Of Trust
related
$2,200,000 · Whidbey Island 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.
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