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Property profile & analytics
FOR LEASE
Retail space
4920 Evergreen Way Everett, WA 98203
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0765979
For Lease
1 / 2
$5,570,000
4920 Evergreen Way, Everett, WA 98203
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Construction
TYPE NOT SPECIFIED
Total area
29,664 SF
Lot
3.67 ac (159,865 SF)
Zoning code
F2
APN
581900002800
UPID
US90-0765979
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
-
Staples Print & Marketing Services (Bike/Boat/Book/etc) Store Printing Service
-
New Dawn Behavioral Innovations PLLC Crisis Center Medical Clinic
-
Dennis R. Weller, RPH Pharmacy
-
Prolific clothing Department Store
-
eBanor Sports Agency Sports School Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.62M
CAP Approach
CAP
$6.59M
Comparable Approach
Comparable
$6.39M
Blend (final)
Blend
$5.57M
Owner & transaction history
Argo Kennewick LLC · 4 yrs held
Argo Kennewick LLC
since 2022
Last sale
$5.5M
3 recorded transactions
Zoning & alternative use
F2 · 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
Method
Estimation
Statistic approach
$5,655,000
ML approach
$5,620,000
CAP Approach
CAP Return
Estimation
6%
$7,140,000
6.5%
$6,590,000
7%
$6,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,165,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$5.57M
Range $5.01M – $6.13M · ±10% · vs last sale $5.50M (May 11 2022)
Last sale anchor
$5.50M
May 11 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
$188 / 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
$35,240
Tax year 2023
Assessed value
$4,291,400
Assessed 2023
Previous assessed
$3,112,300
+37.9% YoY
Effective rate
0.82%
On assessed value
Assessed land
$3,782,400
Assessed improvement
$509,000
Land market value
$3,782,400
Improvement market value
$509,000
Total market value
$4,291,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1973
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
29,664 SF
Lot
3.67 ac (159,865 SF)
Zoning code
F2
APN
581900002800
UPID
US90-0765979
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F2 · Everett, WA
Zoning F2 · permitted uses
F2 · 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
WAREHOUSE, STORAGE
Est. value
$9.2M
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
1973
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
3.67 ac
Current owner
From public records · entity-resolved
Argo Kennewick LLC
Entity
Mailing address
101 LARKSPUR LNDG CIR STE #120, LARKSPUR, CA 94939-1749
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
$5,500,000
Argo Kennewick LLC
Evergreen Way Holding LLC
Warranty Deed
$3,850,000 · Farmers & Merchants Bank Of Central
Aug 22, 2006
—
Evergreen Holding LLC
Wyman,david C & Polly R
Quit Claim Deed
related
—
Aug 14, 2006
—
David C Wyman
Wyvest
Quit Claim Deed
related
—
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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