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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Office buildings
5705 Evergreen Way Everett, WA 98203-6030
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0287175
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1947
Construction
WOOD
Total area
7,720 SF
Lot
0.2 ac (8,712 SF)
Zoning code
B-2
APN
393200201100
UPID
US90-0287175
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
-
Fielding Law Group Law Firm
-
Oriental Massage Alternative Medicine Practice Spa & Massage Center
-
Eastern Massage Alternative Medicine Practice Spa & Massage Center
-
Watts Don G CPA Tax Preparation
-
Flourish Beauty And Spa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Hosoon Chois · 8 yrs held
Hosoon Chois
since 2017
7 recorded transactions
Zoning & alternative use
B-2 · 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
$165 / 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
$6,482
Tax year 2023
Assessed value
$788,100
Assessed 2023
Previous assessed
$587,900
+34.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$362,500
Assessed improvement
$425,600
Land market value
$362,500
Improvement market value
$425,600
Total market value
$788,100
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
1947
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
7,720 SF
Lot
0.2 ac (8,712 SF)
Zoning code
B-2
APN
393200201100
UPID
US90-0287175
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.
Building & site characteristics
From public records
Year built
1947
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Hosoon Chois
Individual
Mailing address
1406 228TH AVE SE, SAMMAMISH, WA 98075-7158
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2017
$1,260,000
Hosoon Chois
Alice M Gilmore
Warranty Deed
$300,000 · Us Bank NA
Dec 17, 1999
—
Henry M Gilmore
Xchange Solutions INC
Grant Deed
related
—
Jul 30, 1999
$925,000
Xchange Solutions INC
Startzman,william C & Judith D
Grant Deed
$675,000 · Seller
Sep 1, 1991
$350,000
William Clifford Startzman
Unknown
Grant Deed
$350,000 · First Heritage Bank
—
—
Henry M Gilmore
—
Deed Of Trust
related
$112,000 · Frontier Bank
—
—
Henry M Gilmore
—
Deed Of Trust
related
$20,000 · Frontier Bank
—
—
Henry M Gilmore
—
Deed Of Trust
related
$105,000 · Frontier Bank
—
—
William C Startzman
—
Deed Of Trust
related
$49,926 · First Heritage Bank
—
—
William C Startzman
—
Deed Of Trust
related
$117,656 · First Heritage Bank
—
—
Henry M Gilmore
—
Deed Of Trust
related
$65,834 · Frontier Bank
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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