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Property profile & analytics
OFF-MARKET
Estimated value
$12,675,000
Distribution properties
607 Riverside Rd, Everett, WA 98201-1242
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2261552
Property profile
Verified
Property type
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Year built
2019
Construction
CONCRETE
Total area
204,314 SF
Lot
9.68 ac (421,661 SF)
Zoning code
M-2
APN
29050800402600
UPID
US90-2261552
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
-
Great Little Box Company/ Ideon Packaging Industrial Manufacturer Factory
-
Infarm Seattle Warehouse & Storage
-
Canteen Vending OCS Big Box & Wholesale Store
-
Amazon SWA1 Warehouse & Storage
-
Canteen Everett OCS Take-out & Catering Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.68M
Owner & transaction history
Pfi Glacier Peak LLC · 1 yrs held
Pfi Glacier Peak LLC
since 2025
7 recorded transactions
Zoning & alternative use
M-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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,785,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$12.68M
Range $11.41M – $13.94M · ±10%
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
$62 / 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
$406,797
Tax year 2023
Assessed value
$49,537,300
Assessed 2023
Previous assessed
$43,642,600
+13.5% YoY
Effective rate
0.82%
On assessed value
Assessed land
$3,539,200
Assessed improvement
$45,998,100
Land market value
$3,539,200
Improvement market value
$45,998,100
Total market value
$49,537,300
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
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
1
Total area
204,314 SF
Lot
9.68 ac (421,661 SF)
Zoning code
M-2
APN
29050800402600
UPID
US90-2261552
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Everett, WA
Zoning M-2 · permitted uses
M-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
INDUSTRIAL (GENERAL)
Est. value
$20.8M
INDUSTRIAL (GENERAL)
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
2019
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
9.68 ac
Current owner
From public records · entity-resolved
Pfi Glacier Peak LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
Pfi Glacier Peak LLC
—
Deed
related
$25,500,000 · Thrivent Financial For Lutherans
Apr 1, 2025
—
Pfi Glacier Peak LLC
Glacier Owner LLC
Warranty Deed
—
Mar 18, 2025
$51,000,000
Pfi Glacier Peak LLC
Glacier Owner LLC
Warranty Deed
related
$12,000,000 · Big Burn LLC
Oct 13, 2020
—
Glacier Owner LLC
Glacier Peak Indl Owner LLC
Quit Claim Deed
—
Mar 3, 2020
—
Glacier Peak Indl Owner LLC
—
Deed
related
$12,680,000 · Fifth Third Bk NA
Jan 25, 2018
$3,589,532
Glacier Peak Industrial Owner LLC
Port Of Verett Washington Port Dist
Limited Warranty Deed
$11,600,000 · Fifth Third Bank
Jun 27, 2017
—
Rbp1 LLC
—
Deed
related
$2,000,000 · Heritage Bank
Apr 4, 2017
—
Kw Evt LLC
—
Deed
related
$16,600,000 · City National Bank
—
—
Glacier Peak Indl Owner LLC
—
Loan Modification
related
$12,680,000 · Fifth Third 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.
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