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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office buildings
5206 2nd Ave Everett, WA 98203-4113
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3246558
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1922
Construction
WOOD
Total area
2,080 SF
Lot
0.11 ac (4,792 SF)
Zoning code
B-2
APN
500301800201
UPID
US90-3246558
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
$660k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$660k
Owner & transaction history
Larson Espinosa Britt · 2 yrs held
Larson Espinosa Britt
since 2024
Last sale
$657,500
7 recorded transactions
Zoning & alternative use
B-2 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$775,000
+10.3%
Auto repair, garage
$730,000
+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
$660,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
MEDICAL BUILDING
$775,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$675,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$645,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $658k (May 23 2024)
Last sale anchor
$658k
May 23 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
$317 / 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
$4,299
Tax year 2023
Assessed value
$522,300
Assessed 2023
Previous assessed
$522,300
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$222,000
Assessed improvement
$300,300
Land market value
$222,000
Improvement market value
$300,300
Total market value
$522,300
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
2,080 SF
Lot
0.11 ac (4,792 SF)
Zoning code
B-2
APN
500301800201
UPID
US90-3246558
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Everett, WA
Zoning B-2 · permitted uses
B-2 · 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
OFFICE BUILDING Current
Est. value
$705,000
MEDICAL BUILDING
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$730,000
RETAIL STORES
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$645,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1922
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Larson Espinosa Britt
Individual
Mailing address
14818 BROADWAY AVE, SNOHOMISH, WA 98296-7006
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$657,500
Larson Espinosa Britt
David Darnell
Warranty Deed
$493,125 · 1st Security Bank Of Washington
Jun 24, 2020
$495,000
David Darnell
Kyle K Ren
Warranty Deed
$478,275 · Guaranteed Rate
Jan 17, 2007
$290,000
Matthew J Sturlaugson
Joyce M Dudder
Warranty Deed
$232,000 · Wells Fargo Bank NA
Mar 31, 2004
$249,978
Joyce M Dudder
Cameron,john M & Christine K
Grant Deed
$224,979 · Washington Mutual Fsb
Aug 30, 2002
$67,635
John M Cameron
Heidel,edward G
Quit Claim Deed
related
$185,600 · Seattle Savings Bank
Jun 8, 2001
—
Rodrick Keffeler
Malarz,ty & Shellie
Quit Claim Deed
related
—
Jun 8, 2001
$211,352
John M Cameron
Keffler,roderick J & Kecia L
Grant Deed
—
Aug 4, 2000
$195,000
Ty Malarz
Keffeler,roderick J & Kecia L
Grant Deed
$146,250 · Everett Mutual Savings Bank
Feb 3, 1999
$96,000
Roderick J Keffeler
Hunsinger,barbara K
Grant Deed
$80,000 · Individual
Jan 1, 1990
$56,950
—
—
Grant Deed
related
—
—
—
Ty Malarz
—
Deed Of Trust
related
$97,733 · Anesthestology For Outpatients
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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