Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    621 128th SW St Everett, WA 98204-6319

    • Medical offices
    • 2,436 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1498819
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Care Dental / Dentist / Dental Clinic
    • S. Elizabeth Ro-Lee, DMD / Dentist

    Property Details for 621 128th SW St

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.30 lot acres
    Property size
    2,436 SF
    Zone code
    SK
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    380500000700
    APU
    380500000700

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $615,000
      6.5%
      $570,000
      7%
      $525,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $855,000
      OFFICE BUILDING
      $825,000
      RETAIL STORES
      $790,000
      WAREHOUSE, STORAGE
      $755,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.242
    Latitude
    47.8827
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,527
    $369,000
    $395,800
    $764,800
    -
    $369,000
    $395,800
    $764,800

    Comparable in this City

    • Value Estimation
      $5,955,000
      25,202 SF

      1019 112th SW St

      MEDICAL BUILDING • 25,202 SF
      1019 112th SW St, Everett, WA 98204-4875
      View Details
    • Value Estimation by Request
      1,541 SF

      9404 Evergreen Way

      MEDICAL BUILDING • 1,541 SF
      9404 Evergreen Way, Everett, WA 98204-7133
      View Details
    • Value Estimation
      $1,110,000
      5,016 SF

      827 128th St Sw Ste A

      MEDICAL BUILDING • 5,016 SF
      827 128th St Sw Ste A, Everett, WA 98204-5321
      View Details
    • Value Estimation
      $1,910,000
      4,429 SF

      913 128th SW St

      MEDICAL BUILDING • 4,429 SF
      913 128th SW St, Everett, WA 98204-6315
      View Details
    • Value Estimation
      $2,530,000
      15,810 SF

      13410 Hwy 99

      MEDICAL BUILDING • 15,810 SF
      13410 Hwy 99, Everett, WA 98204-5454
      View Details
    • Value Estimation by Request
      1,456 SF

      919 128th SW St

      MEDICAL BUILDING • 1,456 SF
      919 128th SW St, Everett, WA 98204-6315
      View Details

    Similar Nearby for Sale

    • $167,500
      1,568 SF

      Updated Home in 55+ Park

      Updated 3-bedroom home in Fairway Estates 55+ senior park.
      1427 100Th St SW, Everett, WA 98204
      View Details
    • Contact for pricing
      71 SF

      Office/Warehouse Space in I-5 Park

      High-image office/warehouse space with convenient I-5 access.
      802 134Th St SW | Everett, Everett, WA 98204
      View Details
    • $2,200,000
      10,500 SF

      Everett NAPA Auto Parts Investment

      Single-tenant NAPA Auto Parts property in Everett, WA for sale.
      9423 Evergreen Way, Everett, WA 98204
      View Details
    • Contact for pricing
      14,662 SF

      Light Industrial Building Near Airport

      14,662 SF light industrial building near Paine Field Airport.
      11512 Airport Rd, Everett, WA 98204
      View Details
    • $1,500,000
      128,938 SF

      Land Near Paine Field Airport

      3-acre light industrial land near Paine Field's new regional airport.
      2311 106Th St SW, Everett, WA 98204
      View Details
    • $6,800,000

      Royal Casino Commercial Property

      High-visibility casino property with redevelopment potential near Paine Field Airport.
      13010 Everett Ave, Everett, WA 98204
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      6,249 SF

      Everett Office Space for Lease

      Flexible workspace solutions in Everett, WA.
      11400 Airport Rd, Everett, WA 98204
      View Details
    • $24 SF/Yr
      1,700 SF

      Remodeled Corner Storefront Office Space

      Prime 1,700 SF office space with high visibility location.
      1819 100Th St SW, Everett, WA 98204
      View Details
    • $16 SF/Yr
      1,000 SF

      Versatile Office Space Available

      Adaptable office space suitable for medical, retail, or traditional use.
      12811 8Th Ave W, Everett, WA 98204
      View Details
    • Contact for pricing
      13,570 SF

      Everett Office/Warehouse Space Available

      Office and climate-controlled warehouse space in I-5 Corporate Park.
      802 134Th St Southwest, Everett, WA 98204
      View Details
    • $15 SF/Yr
      955 SF

      Everett Office Space Available

      955 SF office space for rent in Everett, WA.
      11314 4Th Ave W, Everett, WA 98204
      View Details
    • $22 SF/Yr
      1,325 SF

      Everett Office Space Available

      Office space available for lease in Everett, Washington.
      728-808 134Th St SW, Everett, WA 98204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    621 128th SW St
    Everett, WA 98204-6319
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.