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Property profile & analytics
OFF-MARKET
Industrial properties
5314 2nd Ave, Everett, WA 98203-4100
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0385323
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
1900
Construction
WOOD
Total area
3,988 SF
Lot
0.16 ac (6,970 SF)
Zoning code
F2
APN
500302300400
UPID
US90-0385323
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Olive St Apartments LLC · 14 yrs held
Olive St Apartments LLC
since 2012
7 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
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
$2,653
Tax year 2023
Assessed value
$321,800
Assessed 2023
Previous assessed
$293,200
+9.8% YoY
Effective rate
0.82%
On assessed value
Assessed land
$217,000
Assessed improvement
$104,800
Land market value
$217,000
Improvement market value
$104,800
Total market value
$321,800
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Units
5
Rooms
5
Total area
3,988 SF
Lot
0.16 ac (6,970 SF)
Zoning code
F2
APN
500302300400
UPID
US90-0385323
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.
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
5
Rooms
5
Lot
0.16 ac
Current owner
From public records · entity-resolved
Olive St Apartments LLC
Entity
Mailing address
PO BOX 13460, MILL CREEK, WA 98082-1460
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2019
—
Olive St Apartments LLC
—
Deed
related
$150,000 · Us Bk
Nov 30, 2018
—
Olive St Apartments LLC
—
Deed
related
$150,000 · Us Bk
Feb 29, 2012
$125,000
Olive St Apartments LLC
Us Bank NA Series 2007-1
Grant Deed
$145,000 · Redmond Funding Group LLC
Jan 11, 2011
$247,545
Chevy Chase Funding LLC
Regional Te Svcs Corp
Trustees Deed
related
—
Oct 12, 2009
—
Billie L Diedrich
Ristow,kelly L
Quit Claim Deed
related
—
Sep 29, 2009
—
Kayla Ristow
Ristow,kelly
Quit Claim Deed
related
—
Mar 17, 2006
—
Kelly L Ristow
Diedrich,ryan
Quit Claim Deed
related
—
Nov 5, 2004
$167,061
Ryan Diedrich
Diedrich,billie L
Warranty Deed
related
$284,750 · Long Beach Mortgage Co
Feb 1, 1990
$60,000
Billie Diedrich
Unknown
Grant Deed
—
—
—
Billie L Diedrich
—
Deed Of Trust
related
$105,000 · Preferred Funding
—
—
Olive St Apartments LLC
—
Loan Modification
related
$150,000 · Us Bk
—
—
Olive St Apartments LLC
—
Loan Modification
related
$150,000 · Us Bk
—
—
Kelly L Ristow
—
Deed Of Trust
related
$400,000 · Premier Lending Corp
—
—
Billie L Deidrich
—
Deed Of Trust
related
$189,000 · Long Beach Mortgage Co
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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