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Property profile & analytics
OFF-MARKET
Retail space
505 Everett Mall Way Everett, WA 98208-3252
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0305914
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
42,328 SF
Lot
3.59 ac (156,380 SF)
Zoning code
C1R
APN
28051800304800
UPID
US90-0305914
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
-
Sportsman's Warehouse (Bike/Boat/Book/etc) Store
-
Monticello Drywall And Painting Painting Service General Contractor
-
Rent-A-Center Furniture & Home Goods Home Decor Store
-
uBreakiFix - Phone and Computer Repair Tech Support Center (Bike/Boat/Book/etc) Store
-
Supercuts Hair Salon Nail Salon
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
Everett 2022 LLC · 3 yrs held
Everett 2022 LLC
since 2022
Last sale
$23.7M
7 recorded transactions
Zoning & alternative use
C1R · 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
$90,898
Tax year 2023
Assessed value
$11,765,900
Assessed 2023
Previous assessed
$13,536,000
-13.1% YoY
Effective rate
0.77%
On assessed value
Assessed land
$5,567,300
Assessed improvement
$6,198,600
Land market value
$5,567,300
Improvement market value
$6,198,600
Total market value
$11,765,900
Applied tax rate
25.0000
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
1988
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
3
Stories
2
Total area
42,328 SF
Lot
3.59 ac (156,380 SF)
Zoning code
C1R
APN
28051800304800
UPID
US90-0305914
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1R · Everett, WA
Zoning C1R · permitted uses
C1R · 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
1988
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
3.59 ac
Current owner
From public records · entity-resolved
Everett 2022 LLC
Entity
Mailing address
1717 WOODSTEAD CT STE #298, THE WOODLANDS, TX 77380-1448
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
Dec 30, 2022
$23,700,000
Everett 2022 LLC
Greentree Plaza 06 A LLC
Special Warranty Deed
—
Dec 30, 2022
—
Wilmington Trust National Associati
Greentree Plaza 06 A LLC
Agreement Of Sale
—
Mar 29, 2018
—
Plaza 18 C LLC
—
Deed
related
$15,600,000 · Jpmorgan Chase Bank NA
Oct 25, 2016
—
Greentree Plaza 06 A LLC
—
Deed
related
$14,700,000 · Morgan Stanley Pvt Bk NA
Dec 31, 2008
$39,045
Greentree Plaza 06 A LLC
Greentree Plaza 06 F LLC
Grant Deed
related
—
Sep 5, 2006
$22,637,760
Greentree Plaza 06 A LLC
Bloch Greentree LLC
Bargain And Sale Deed
$15,700,000 · Merrill Lynch Mortgage Lending INC
Feb 12, 2004
—
Bloch Greentree LLC
—
Deed Of Trust
related
$9,810,000 · Citigroup Global Markets Realt
Dec 28, 2001
$8,873,000
Pob Apollo Greentree LP
Pacific Operating Ptshp LP
Grant Deed
$81,000,000 · Gmac Commercial Mortgage Corp
Nov 24, 1999
—
Burnham Pacific Operating Ptsh
—
Deed Of Trust
related
$202,800,000 · General Electric Capital Corp
Jul 23, 1998
$9,600,000
Burnham Pacific Operating LP
Huna Totem Corp
Grant Deed
$30,000,000 · Nomura Asset Capital Corp
Dec 1, 1992
$6,100,000
Huna Totem Corp
Unknown
Grant Deed
—
—
—
Greentree Plaza 06 A LLC
—
Deed Of Trust
related
$14,700,000 · Morgan Stanley Pvt Bk NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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