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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Outlet malls
5015 Riverside Ave Everett, WA 98201
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0697921
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1964
Construction
WOOD
Total area
1,656 SF
Lot
1 ac (43,560 SF)
Zoning code
S0
APN
557401000200
UPID
US90-0697921
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
$585k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Doug Paulik · 1 yrs held
Doug Paulik
since 2024
Last sale
$587,200
2 recorded transactions
Zoning & alternative use
S0 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$615,000
+79.7%
Office building
$565,000
+65.2%
Warehouse, storage
$510,000
+49.0%
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
$585,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$400,000
6.5%
$370,000
7%
$340,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$615,000
Change: +80% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: +65% · Conversion: Easy
WAREHOUSE, STORAGE
$510,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$390,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$365,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $587k (Oct 30 2024)
Last sale anchor
$587k
Oct 30 2024
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
$353 / 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
$4,082
Tax year 2023
Assessed value
$283,800
Assessed 2023
Previous assessed
$224,100
+26.6% YoY
Effective rate
1.44%
On assessed value
Assessed land
$272,000
Assessed improvement
$11,800
Land market value
$272,000
Improvement market value
$11,800
Total market value
$283,800
Applied tax rate
3,030.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
1,656 SF
Lot
1 ac (43,560 SF)
Zoning code
S0
APN
557401000200
UPID
US90-0697921
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
S0 · Everett, WAZoning S0 · permitted uses
S0 · 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
MEDICAL BUILDING
Est. value
$615,000
OFFICE BUILDING
Est. value
$565,000
WAREHOUSE, STORAGE
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$390,000
AUTO REPAIR, GARAGE
Est. value
$365,000
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1964
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Doug Paulik
Individual
Free & Clear · 1 yrs held
Mailing address
329 14TH ST NE, EAST WENATCHEE, WA 98802-4318
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
$587,200
Doug Paulik
Patricia L Phillips
Warranty Deed
—
Oct 3, 1995
$59,000
Harry B Phillips
Goldthorpe,nathaniel & Lillian
Grant Deed
$49,000 · Seller
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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