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    3812 28Th Pl NE Everett, WA 98201
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    Property profile & analytics

    3812 28Th Pl NE Everett, WA 98201

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    • Manufacturing properties
    • 41,160 SF
    • 53.54 lot acres
    For Lease
    $19,785,000
    View Listing →
    HI Zoned Land For Lease For Lease
    $19,785,000
    609,840 SF

    HI Zoned Land For Lease

    Up to 14 acres of HI zoned land for lease.

    3812 28th Pl NE, Everett, WA
    View Listing
    Property ID
    US90-0753205
    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.
    Value Estimations
    $19,785,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Buse Timber & Sales Inc / Big Box & Wholesale Store / Building Supply
    • BTS Lumber Holdings / Holding Company

    Property Details for 3812 28Th Pl NE

    Year built
    1961
    Construction
    WOOD
    Lot size
    53.54 lot acres
    Property size
    41,160 SF
    Zone code
    FE
    Property type
    Manufacturing properties
    APN
    29050400300600
    APU
    29050400300600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $20,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,012,000
      Market price range: $5.13M - $19.0M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $20,750,000
      RESTAURANT
      $16,120,000
      MEDICAL BUILDING
      $15,340,000
      OFFICE BUILDING
      $14,095,000
      WAREHOUSE, STORAGE
      $12,720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.178
    Latitude
    48.0218
    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
    $170,746
    $8,100,000
    $8,849,100
    $16,949,100
    -
    $8,100,000
    $8,849,100
    $16,949,100

    Comparable in this City

    • Value Estimation
      $29,525,000
      390,505 SF

      300 Marine Vw Dr

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 390,505 SF
      300 Marine Vw Dr, Everett, WA 98201-1030
      View Details
    • Value Estimation
      $1,670,000
      20,000 SF

      1104 10th St

      FOUNDRY, INDUSTRIAL PLANT • 20,000 SF
      1104 10th St, Everett, WA 98201
      View Details
    • Value Estimation
      $2,530,000
      12,000 SF

      3821 26th Pl

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 12,000 SF
      3821 26th Pl, Everett, WA 98201-3801
      View Details
    • Value Estimation
      $20,325,000
      269,532 SF

      2600 Federal Ave

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 269,532 SF
      2600 Federal Ave, Everett, WA 98201-3409
      View Details
    • Value Estimation by Request
      336 SF

      1910 Ross Ave

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 336 SF
      1910 Ross Ave, Everett, WA 98201-8661
      View Details
    • Value Estimation
      $4,315,000
      22,880 SF

      300 Marine Vw Dr

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 22,880 SF
      300 Marine Vw Dr, Everett, WA 98201-1030
      View Details

    Similar Nearby for Sale

    • $1,050,000
      5,050 SF

      Everett Flex Space with Offices

      Flex space featuring offices, loading door, and ample parking.
      1106 Hewitt Ave, Everett, WA 98201
      View Details
    • $2,650,000
      8,958 SF

      Versatile Industrial Buildings with I-5 Access

      Two-building industrial property with flexible space and convenient highway access.
      2810 34Th St, Everett, WA 98201
      View Details
    • $2,650,000

      Everett Industrial Facility with Yard

      Purpose-built industrial facility with open-air storage and covered shop bays.
      2810 34Th St, Everett, WA 98201
      View Details
    • Contact for pricing
      17,600 SF

      Land with Warehouse and Office

      Land available for sale or lease with existing warehouse.
      300-320 W Marine View Dr, Everett, WA 98201
      View Details
    • $1,850,000

      Corner Development Site in Everett

      21,708 SF corner site with warehouse and raw land.
      3501 Everett Ave, Everett, WA 98201
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    • $1,500,000
      920 SF

      Snohomish River Waterfront Industrial Property

      Rare waterfront industrial property with dry dock in Everett, WA.
      3830 Railway Ave, Everett, WA 98201
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    Similar Nearby for Lease

    • $3,872 /Mo
      17,600 SF

      Industrial Land with Existing Warehouse

      21.36 acres available for lease with 17,600 SF building.
      300 Marine View Dr, Everett, WA 98201
      View Details
    • $25,098,375
      15,810 SF

      Mixed-Use Building in Downtown Everett

      Standalone mixed-use building with warehouse, office, and showroom space.
      2812 Rucker Ave, Everett, WA 98201
      View Details
    • $2,709 /Mo
      2,084 SF

      Everett Warehouse Space Available

      2,084 SF warehouse space for rent in Everett, WA.
      3409 Mcdougall Ave, Everett, WA 98201
      View Details
    • Contact for pricing
      7,284 SF

      Heated Warehouse Space with Access

      7,284 SF heated warehouse space with easy I-5 access.
      3109 Mcdougall Ave, Everett, WA 98201
      View Details
    • $15 SF/Yr
      9,100 SF

      Industrial Space with Office

      9100 SF industrial space with office and freeway access.
      2110 37Th St, Everett, WA 98201
      View Details
    • $11,375 /Mo
      9,100 SF

      Industrial Space with Office Component

      9100 SF flex space with industrial and office areas.
      2110 37Th St, Everett, WA 98201
      View Details
    View Listing
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    Everett, WA 98201
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    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
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    3812 28Th Pl NE, Everett, WA, 98201
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