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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Retail space
3615 Mukilteo Blvd Everett, WA 98203-1249
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0812862
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
WOOD
Total area
3,844 SF
Lot
0.29 ac (12,632 SF)
Zoning code
F1
APN
433600003800
UPID
US90-0812862
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
-
Steele Mechanical General Contractor Construction Company
-
Steele Electric Company Electrical Service General Contractor
-
J Lee Floors General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.63M
Owner & transaction history
Steele Properties LLC · 4 yrs held
Steele Properties LLC
since 2022
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
F1 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+14.8%
Auto repair, garage
$1.4M
+8.4%
Office building
$1.3M
+4.1%
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
$1,645,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,250,000
Current use
MEDICAL BUILDING
$1,435,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,350,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$1,300,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,190,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.60M (Apr 8 2022)
Last sale anchor
$1.60M
Apr 8 2022
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
$423 / 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
$12,582
Tax year 2023
Assessed value
$1,493,000
Assessed 2023
Previous assessed
$1,493,000
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$475,100
Assessed improvement
$1,017,900
Land market value
$475,100
Improvement market value
$1,017,900
Total market value
$1,493,000
Applied tax rate
25.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Units
1
Rooms
1
Bathrooms
1
Total area
3,844 SF
Lot
0.29 ac (12,632 SF)
Zoning code
F1
APN
433600003800
UPID
US90-0812862
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F1 · Everett, WA
Zoning F1 · permitted uses
F1 · 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
RETAIL STORES Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE 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
1949
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Steele Properties LLC
Entity
Mailing address
4722 BAYVIEW LN, EVERETT, WA 98203-1505
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
$1,600,000
Steele Properties LLC
The Jerome W Neilsen And Carol A Ni
Warranty Deed
$1,000,000 · Banner Bank
Dec 23, 2020
—
Jerome W Neilsen & Carol A Nei
—
Deed
related
$452,500 · Pedack & Sons Investments LLC
Jun 22, 2017
—
The Jerome W Nielsen & Carol A Niel
—
Deed
related
$250,000 · Mountain Pacific Bank
—
—
Jerome W Nielsen
—
Deed Of Trust
related
$500,000 · Mountain Pacific Bank
—
—
Jerome W Neilsen & Carol A Nei
—
Deed Of Trust
related
$452,500 · Pedack & Sons Investments LLC
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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