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Property profile & analytics
OFF-MARKET
Estimated value
$4,115,000
Automotive properties
6308 Evergreen Way Everett, WA 98203-4530
Individually Owned
3-yr Hold
Free & Clear
Property ID
US90-3183569
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1964
Construction
TYPE NOT SPECIFIED
Total area
17,712 SF
Lot
1.21 ac (52,708 SF)
Zoning code
F2
APN
393000000500
UPID
US90-3183569
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
-
O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$4.12M
Owner & transaction history
Bret W Gerdes · 3 yrs held
Bret W Gerdes
since 2022
Last sale
$4.1M
5 recorded transactions
Zoning & alternative use
F2 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.6M
+5.9%
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
$4,165,000
ML approach
$4,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,230,000
Current use
MEDICAL BUILDING
$6,600,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$5,985,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$5,750,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,475,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$4.12M
Range $3.70M – $4.53M · ±10% · vs last sale $4.05M (Jul 29 2022)
Last sale anchor
$4.05M
Jul 29 2022
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
$232 / 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
$17,225
Tax year 2023
Assessed value
$2,096,400
Assessed 2023
Previous assessed
$1,858,300
+12.8% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,421,100
Assessed improvement
$675,300
Land market value
$1,421,100
Improvement market value
$675,300
Total market value
$2,096,400
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
17,712 SF
Lot
1.21 ac (52,708 SF)
Zoning code
F2
APN
393000000500
UPID
US90-3183569
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$5.5M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1964
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
Bret W Gerdes
Individual
Free & Clear · 3 yrs held
Mailing address
19701 TOPEKA LN, HUNTINGTON BEACH, CA 92646-3231
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$4,050,000
Bret W Gerdes
6308 Evergreen Way LLC
Warranty Deed
—
Feb 6, 2017
$3,250,000
6308 Evergreen Way LLC
Evergreen Way LLC
Warranty Deed
$1,625,000 · Boeing Emps Cu
Jan 10, 2008
$2,150,000
Evergreen Way LLC
Gruenberg Wilbur Props LLC
Warranty Deed
$1,200,000 · Standard Insurance Co
Jun 20, 2007
—
Gruenberg Wilbur Props LLC
Wilbur,marcella G
Quit Claim Deed
related
—
Sep 2, 1997
$420,000
Marcella G Wilbur
Hudesman,david Hudesman Estate
Grant Deed
$180,000 · Seller
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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