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Property profile & analytics
OFF-MARKET
Office buildings
3619 Colby Ave Everett, WA 98201-4713
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0294962
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1908
Construction
WOOD
Total area
1,580 SF
Lot
0.13 ac (5,663 SF)
Zoning code
F1
APN
451401001000
UPID
US90-0294962
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wei Zhengan · 3 yrs held
Wei Zhengan
since 2022
Last sale
$430,000
7 recorded transactions
Zoning & alternative use
F1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,188
Tax year 2023
Assessed value
$510,000
Assessed 2023
Previous assessed
$497,000
+2.6% YoY
Effective rate
0.82%
On assessed value
Assessed land
$285,400
Assessed improvement
$224,600
Land market value
$285,400
Improvement market value
$224,600
Total market value
$510,000
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
1908
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
2
Bathrooms
1
Total area
1,580 SF
Lot
0.13 ac (5,663 SF)
Zoning code
F1
APN
451401001000
UPID
US90-0294962
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.
Building & site characteristics
From public records
Year built
1908
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Wei Zhengan
Individual
Mailing address
7321 47TH AVE SW UNIT B, SEATTLE, WA 98136-3021
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$430,000
Wei Zhengan
Castlewood Holdings Nw LLC
Warranty Deed
$322,500 · Fairway Independent Mortgage Corp
Feb 23, 2015
—
Castlewood Holdmgs Nw LLC
Pacific Crest Realty Advisors
Grant Deed
—
Jun 11, 2013
$843
Carlos Veliz
Veliz,sylvia
Quit Claim Deed
related
—
Jul 6, 2001
$115,056
Carlos R Veliz
Bush,christopher D & Martha D
Grant Deed
$149,000 · First Heritage Bank
Jun 30, 1998
$165,000
Tammy L Cable
Bush,christopher D & Martha J
Grant Deed
$161,146 · Emerald Mortgage Co
Nov 28, 1994
$135,000
Christopher D Bush
Olson,herman S & Anita J
Grant Deed
$121,000 · Seller
—
—
Carlos R Veliz
—
Deed Of Trust
related
$130,000 · First Heritage Bank
—
—
Carlos R Veliz
—
Deed Of Trust
related
$212,000 · First Heritage Bank
—
—
Carlos Veliz SR.
—
Deed Of Trust
related
$100,000 · First Heritage Bank
—
—
Carlos R Veliz
—
Deed Of Trust
related
$103,500 · First Heritage Bank
—
—
Carlos R Veliz
—
Deed Of Trust
related
$100,000 · Seattle Economic Dev Fund
—
—
Christopher D Bush
—
Deed Of Trust
related
$50,000 · S & S Manage Corp
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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