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Property profile & analytics
OFF-MARKET
Estimated value
$7,520,000
Retail space
620 Everett Mall Way Everett, WA 98208-3278
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1704890
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
WOOD
Total area
20,011 SF
Lot
4.65 ac (202,554 SF)
Zoning code
C1R
APN
28051800304900
UPID
US90-1704890
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
-
Candid Adventures Boutique Clothing & Fashion Store
-
Fresa Mexican Kitchen & Tequila Bar Restaurant
-
Romashka Bridal Clothing & Fashion Store
-
Torch Smoke n Vape (Bike/Boat/Book/etc) Store
-
Elegant Beauty Spa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.79M
Blend (final)
Blend
$7.52M
Owner & transaction history
Brighton Square LLC · 4 yrs held
Brighton Square LLC
since 2021
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
C1R · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.1M
+55.3%
Restaurant
$9.4M
+45.2%
Medical building
$7.5M
+14.8%
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
$7,830,000
ML approach
$8,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,495,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,090,000
Change: +55% · Conversion: Difficult
RESTAURANT
$9,430,000
Change: +45% · Conversion: Easy
MEDICAL BUILDING
$7,455,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,040,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$6,760,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$6,185,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$7.52M
Range $6.77M – $8.27M · ±10% · vs last sale $7.00M (Dec 2 2021)
Last sale anchor
$7.00M
Dec 2 2021
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
$376 / 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
$44,350
Tax year 2023
Assessed value
$9,400,800
Assessed 2023
Previous assessed
$5,740,000
+63.8% YoY
Effective rate
0.47%
On assessed value
Assessed land
$6,303,800
Assessed improvement
$3,097,000
Land market value
$6,303,800
Improvement market value
$3,097,000
Total market value
$9,400,800
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
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
20,011 SF
Lot
4.65 ac (202,554 SF)
Zoning code
C1R
APN
28051800304900
UPID
US90-1704890
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.1M
RESTAURANT
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.0M
OFFICE BUILDING
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$6.2M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
4.65 ac
Current owner
From public records · entity-resolved
Brighton Square LLC
Entity
Mailing address
PO BOX 1541, MUKILTEO, WA 98275-7741
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$7,000,000
Brighton Square LLC
Seventh Avenue Plaza LLC
Warranty Deed
$4,500,000 · Coastal Community Bank
Feb 5, 2002
—
Seventh Avenue Plaza LLC
Hillis,larry O & Veralene
Quit Claim Deed
related
—
—
—
Seventh Avenue Plaza LLC
—
Deed Of Trust
related
$2,000,000 · Union Bank
—
—
Seventh Avenue Plaza LLC
—
Deed Of Trust
related
$2,000,000 · Union Bank
—
—
Seventh Avenue Plaza LLC
—
Deed Of Trust
related
$3,180,000 · Union Bank
—
—
Seventh Avenue Plaza LLC
—
Deed Of Trust
related
$3,250,000 · Union Bank
—
—
Seventh Avenue Plaza LLC
—
Deed Of Trust
related
$3,180,000 · Frontier Bank
—
—
Seventh Ave Plaza LLC
—
Deed Of Trust
related
$2,000,000 · 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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