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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Specialty properties
3301 Colby Ave Everett, WA 98201-4308
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0440390
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1940
Construction
CONCRETE
Total area
10,852 SF
Lot
0.45 ac (19,602 SF)
Zoning code
FS
APN
436979100100
UPID
US90-0440390
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
-
Solie Funeral Home & Crematory Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
Lorentzen Holdings II LLC · 13 yrs held
Lorentzen Holdings II LLC
since 2012
6 recorded transactions
Zoning & alternative use
FS · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+3.0%
Restaurant
$1.4M
+0.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$1,395,000
Current use
AUTO REPAIR, GARAGE
$1,440,000
Change: +3% · Conversion: Difficult
RESTAURANT
$1,405,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$1,165,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$80 / 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
$11,217
Tax year 2023
Assessed value
$1,366,000
Assessed 2023
Previous assessed
$1,288,000
+6.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$516,600
Assessed improvement
$849,400
Land market value
$516,600
Improvement market value
$849,400
Total market value
$1,366,000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1940
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
10,852 SF
Lot
0.45 ac (19,602 SF)
Zoning code
FS
APN
436979100100
UPID
US90-0440390
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
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL 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
1940
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Lorentzen Holdings II LLC
Entity
Mailing address
823 OLYMPIC BLVD, EVERETT, WA 98203-1816
Ownership since
2012
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 21, 2022
—
Lorentzen Holdings II LLC
—
Deed
related
$425,000 · Columbia State Bank
Dec 10, 2012
—
Lorentzen Holdings II LLC
Lorentzen Mark W Trust
Quit Claim Deed
related
—
Jan 12, 2012
—
Jones Diane E Trust
Lorentzen Holdings LLC
Warranty Deed
—
Jan 12, 2012
$990,000
Lorentzen Mark W Trust
Jones Diane E Trust
Warranty Deed
related
—
Jan 20, 2004
—
Lorentzen Holdings LLC
Lorentzen,tr
Quit Claim Deed
related
$128,000 · Lorentzen Trust
Jan 20, 2004
$150,000
Lorentzen Holdings LLC
Land Trust
Grant Deed
related
—
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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