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Property profile & analytics
OFF-MARKET
Estimated value
$12,940,000
Manufacturing properties
3200 35th NE Ave, Everett, WA 98201-8645
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1517551
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1969
Construction
WOOD
Total area
84,266 SF
Lot
28.12 ac (1,224,907 SF)
Zoning code
FE
APN
29050400300200
UPID
US90-1517551
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
$9.77M
CAP Approach
CAP
$11.95M
Comparable Approach
Comparable
$10.51M
Blend (final)
Blend
$12.94M
Owner & transaction history
Mina Properties Viii LLC · 2 yrs held
Mina Properties Viii LLC
since 2023
Last sale
$14.7M
6 recorded transactions
Zoning & alternative use
FE · 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
$16,005,000
ML approach
$9,770,000
CAP Approach
CAP Return
Estimation
6%
$12,945,000
6.5%
$11,950,000
7%
$11,095,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,425,000
Current use
COMMERCIAL (GENERAL)
$19,865,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,695,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$12.94M
Range $11.65M – $14.23M · ±10% · vs last sale $14.71M (Aug 25 2023)
Last sale anchor
$14.71M
Aug 25 2023
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
$154 / 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
$40,906
Tax year 2023
Assessed value
$4,979,800
Assessed 2023
Previous assessed
$3,489,600
+42.7% YoY
Effective rate
0.82%
On assessed value
Assessed land
$2,975,900
Assessed improvement
$2,003,900
Land market value
$2,975,900
Improvement market value
$2,003,900
Total market value
$4,979,800
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
5
Stories
2
Total area
84,266 SF
Lot
28.12 ac (1,224,907 SF)
Zoning code
FE
APN
29050400300200
UPID
US90-1517551
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FE · Everett, WA
Zoning FE · permitted uses
FE · 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
INDUSTRIAL (GENERAL) Current
Est. value
$20.4M
COMMERCIAL (GENERAL)
Est. value
$19.9M
AUTO REPAIR, GARAGE
Est. value
$18.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1969
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
5
Lot
28.12 ac
Current owner
From public records · entity-resolved
Mina Properties Viii LLC
Entity
Mailing address
1418 MARKET ST, KIRKLAND, WA 98033-5436
Ownership since
2023
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
Oct 28, 2024
—
Mina Properties Viii LLC
—
Deed
related
$11,850,000 · First Technology Federal Cu
Aug 25, 2023
$14,710,000
Mina Properties Viii LLC
Mfs Operations LLC
Bargain And Sale Deed
$11,500,000 · Red Fox Capital Mortgage Fund LP
Mar 10, 2017
—
Bmc East LLC
Bmc W Corp
Quit Claim Deed
—
Apr 20, 1995
$2,333,549
I R C Section 1031 Tax Deffere
Curran,jack B & Irene
Grant Deed
—
—
—
Bmc W Corp
—
Deed Of Trust
related
—
—
—
Bmc West Corp
—
Deed Of Trust
related
$225,000 · Bank Of America
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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