Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3402 Everett Ave Everett, WA 98201-3815

    • Retail space
    • 7,754 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0889093
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • PR Lifting / (Bike/Boat/Book/etc) Store

    Property Details for 3402 Everett Ave

    Year built
    1929
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    7,754 SF
    Zone code
    F6
    Property type
    Retail space
    APN
    516864200702
    APU
    516864200702

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,380,000
      Market price range: $920k - $2.36M
      AI Estimate
      $638,000
      Market price range: $357k - $1.15M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,610,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.185
    Latitude
    47.9814
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,238
    $296,600
    $828,400
    $1,125,000
    -
    $296,600
    $828,400
    $1,125,000

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      Everett, WA 98201

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      Everett, WA 98201
      View Details
    • Value Estimation by Request
      0.04 Acres

      Everett, WA 98201

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
      Everett, WA 98201
      View Details
    • Value Estimation
      $1,825,000
      12,316 SF

      1904 Wetmore Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,316 SF
      1904 Wetmore Ave, Everett, WA 98201-6110
      View Details
    • Value Estimation by Request
      1,122 SF

      2120 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 1,122 SF
      2120 Broadway, Everett, WA 98201-2320
      View Details
    • Value Estimation
      $980,000
      6,520 SF

      1832 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 6,520 SF
      1832 Broadway, Everett, WA 98201-2349
      View Details
    • Value Estimation by Request
      1,088 SF

      1505 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 1,088 SF
      1505 Broadway, Everett, WA 98201-1721
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,256 SF

      Downtown Everett Commercial Asset

      High-visibility commercial property in Downtown Everett's transforming urban district.
      1418 Hewitt Ave, Everett, WA 98201
      View Details
    • $650,000

      Everett Retail Space on Broadway

      1,829 SF retail building on Broadway in Everett.
      1716 Broadway, Everett, WA 98201
      View Details
    • Contact for pricing
      11,876 SF

      Mixed-Use Property in Downtown Everett

      Mixed-use property with commercial units and apartments in downtown Everett.
      2512 Colby Ave, Everett, WA 98201
      View Details
    • Contact for pricing

      Mixed-Use Property in Downtown Everett

      Mixed-use property with commercial units and apartments in downtown Everett.
      2512 Colby Ave, Everett, WA 98201
      View Details
    • Contact for pricing
      3,000 SF

      2531 Wetmore Ave, Everett, WA 98201

      Office Units • 3,000 SF
      2531 Wetmore Ave, Everett, WA 98201
      View Details
    • $3,500,000

      Downtown Everett Redevelopment Opportunity

      0.53-acre commercial parcel in the heart of Downtown Everett.
      1316 Wall St, Everett, WA 98201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,835 SF

      Retail Space on Colby Avenue

      Retail space for lease with built-out rooms and parking.
      2524 Colby Ave, Everett, WA 98201
      View Details
    • Contact for pricing
      1,066 SF

      Retail Space in Everett, WA

      Retail space available for lease in Everett, Washington.
      3625 Broadway, Everett, WA 98201
      View Details
    • Contact for pricing

      High-Visibility Commercial Space on Colby Avenue

      Adaptable 2,105 sq ft space in Everett's Port Gardner district.
      3731 Colby Ave, Everett, WA 98201
      View Details
    • $743 /Mo
      1,115 SF

      High-Visibility Retail Space on Broadway

      Retail space on Broadway with high foot traffic and accessibility.
      3201 Broadway Ave, Everett, WA 98201
      View Details
    • $2,301 /Mo
      2,736 SF

      Retail/Office Space Available Now

      2736 SF retail/office space for rent at $2500/month.
      2928 Rucker Ave, Everett, WA 98201
      View Details
    • $945 /Mo
      5,670 SF

      Downtown Everett Mixed-Use Opportunity

      Versatile space in growing downtown Everett, suitable for retail/office.
      2723 Colby Ave, Everett, WA 98201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3402 Everett Ave
    Everett, WA 98201-3815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!