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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Retail space
4809 132nd SE St Everett, WA 98208-6241
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0775001
Property summary
AI-generated overview
Osborne Square, located at 4809 132nd Street SE in Everett, Washington, 98208, offers exceptional retail and restaurant opportunities in Snohomish County. This multi-tenant commercial property boasts a total of 18,375 square feet. Currently, there are two available spaces, each ideal for a variety of businesses. The minimum divisible space is 1,224 square feet, while the maximum contiguous space available is 1,300 square feet. A total of 2,524 square feet is currently vacant and ready for immediate occupancy. The property's prime location in Everett provides excellent visibility and accessibility for customers. This is an exceptional opportunity for businesses seeking a well-maintained space in a thriving commercial area. The property is categorized as both retail and restaurant space, making it suitable for a wide range of uses. Interested parties should inquire about lease terms and availability. The property's convenient location in Snohomish County offers easy access to major transportation routes and a strong customer base. Don't miss this chance to establish your business in this vibrant Everett location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
WOOD
Total area
6,375 SF
Lot
1.23 ac (53,579 SF)
Zoning code
SJ
APN
28052800401300
UPID
US90-0775001
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
-
Canyon Creek Family & Implant Dentistry Dental Office
-
Bank of America Video Banking Bank Loan Service
-
osborne square Business Service Center Corporate Office
-
Seattle Hill Nails & Spa Hair Salon Nail Salon
-
Seattle Hill Smoke & Vape (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Idar A Fjarlie · 10 yrs held
Idar A Fjarlie
since 2015
7 recorded transactions
Zoning & alternative use
SJ · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+14.8%
Auto repair, garage
$2.2M
+8.4%
Office building
$2.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,535,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,070,000
Current use
MEDICAL BUILDING
$2,375,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,245,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$2,155,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,970,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$230 / 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
$54,459
Tax year 2023
Assessed value
$6,009,300
Assessed 2023
Previous assessed
$6,317,200
-4.9% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,922,200
Assessed improvement
$4,087,100
Land market value
$1,922,200
Improvement market value
$4,087,100
Total market value
$6,009,300
Applied tax rate
3,687.0000
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
2007
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
4
Stories
1
Total area
6,375 SF
Lot
1.23 ac (53,579 SF)
Zoning code
SJ
APN
28052800401300
UPID
US90-0775001
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SJ · Everett, WAZoning SJ · permitted uses
SJ · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
1.23 ac
Current owner
From public records · entity-resolved
Idar A Fjarlie
Individual
Mailing address
PO BOX 769, RENTON, WA 98057-0769
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
—
Osborne Square LLC
—
Deed
related
$4,300,000 · American United Life Insurance Company
Oct 1, 2015
—
Idar A Fjarlie
Osborne Square LLC
Quit Claim Deed
related
—
Aug 14, 2008
$8,700,000
Osborne Square LLC
Afton Mill Creek LLC
Warranty Deed
$5,850,000 · Sterling Savings Bank
Aug 14, 2008
$27,809
Afton Mill Creek LLC
C Von Wolffradt Props I LLC
Grant Deed
—
Mar 13, 2006
$150,000
C Von Wolffradt Props I LLC
Afton Mill Creek LLC
Grant Deed
—
Jun 1, 2005
$1,500,000
Afton Mill Creek LLC
Thomas S Wages Ents INC
Warranty Deed
$750,000 · Frontier Bank
—
—
Osborne Square LLC
—
Deed Of Trust
related
$4,732,000 · Union Bank
—
—
Afton Mill Creek LLC
—
Deed Of Trust
related
$5,400,000 · Intervest Mortgage Co 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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