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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Office buildings
3101 Oakes Ave Everett, WA 98201-4405
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1634158
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1903
Construction
WOOD
Total area
3,035 SF
Lot
0.11 ac (4,792 SF)
Zoning code
FS
APN
439074002801
UPID
US90-1634158
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
-
Hammarlund Mark Physician Medical Clinic
-
Jessica Talevich Mental Health Counseling & Art Therapy Counselor
-
Adler-Jones Nancy Foster Care Service Social Service Agency
-
Law Office of Michael P. Sheehy, PLLC - Everett Law Firm
-
Liquid Courage Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$935k
Owner & transaction history
Somerton 35 Associates LLC · 1 yrs held
Somerton 35 Associates LLC
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
FS · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+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
$825,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,040,000
Current use
MEDICAL BUILDING
$1,130,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$940,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $1.02M (Apr 17 2025)
Last sale anchor
$1.02M
Apr 17 2025
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
$308 / 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
$6,323
Tax year 2023
Assessed value
$770,000
Assessed 2023
Previous assessed
$770,000
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$278,100
Assessed improvement
$491,900
Land market value
$278,100
Improvement market value
$491,900
Total market value
$770,000
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
1903
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
3,035 SF
Lot
0.11 ac (4,792 SF)
Zoning code
FS
APN
439074002801
UPID
US90-1634158
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FS · Everett, WA
Zoning FS · permitted uses
FS · 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
$1.0M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$940,000
OFFICE BUILDING Current
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
1903
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Somerton 35 Associates LLC
Entity
Mailing address
220 EMERARD WAY VIS #800, LAS VEGAS, NV
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2025
$1,020,000
Somerton 35 Associates LLC
We Own A Building LLC
Warranty Deed
$467,000 · Heritage Bank INC
Oct 9, 2024
—
We Own A Building LLC
609 10th LLC
Quit Claim Deed
related
$624,000 · Heritage Southeast Bank
Jun 30, 2023
$738,000
609 10th LLC
Judy J Gay
Warranty Deed
$530,615 · Eastside Funding LLC
Dec 3, 2021
$740,000
Timothy J Gay
Karen L Graham
Warranty Deed
—
Jun 7, 2001
$186,380
Karen L Graham
Griffin,betty J
Quit Claim Deed
related
$210,195 · Frontier Bank
Feb 1, 1978
—
—
—
Quit Claim Deed
related
—
—
—
Karen L Graham
—
Deed Of Trust
related
$62,884 · Bank Of Washington
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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