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Property profile & analytics
OFF-MARKET
Estimated value
$6,650,000
Industrial land
6443 Rainier Dr Everett, WA 98203
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0419454
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1945
Total area
1,264 SF
Lot
0.31 ac (13,504 SF)
Zoning code
F2
APN
392900603000
UPID
US90-0419454
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.65M
Owner & transaction history
6501 Investment LLC · 3 yrs held
6501 Investment LLC
since 2022
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
F2 · 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
$6,630,000
ML approach
$7,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.65M
Range $5.99M – $7.32M · ±10% · vs last sale $6.45M (Nov 21 2022)
Last sale anchor
$6.45M
Nov 21 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
$5,261 / 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
$1,568
Tax year 2023
Assessed value
$189,700
Assessed 2023
Previous assessed
$117,100
+62.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$189,700
Land market value
$189,700
Total market value
$189,700
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1945
Heating
BASEBOARD
Stories
1
Bathrooms
2
Total area
1,264 SF
Lot
0.31 ac (13,504 SF)
Zoning code
F2
APN
392900603000
UPID
US90-0419454
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.
Building & site characteristics
From public records
Year built
1945
Heating
BASEBOARD
Stories
1
Bathrooms
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
6501 Investment LLC
Entity
Mailing address
7918 GRN LK DR N, SEATTLE, WA 98103-4864
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
$6,447,960
6501 Investment LLC
6501 Rainier Drive LLC
Warranty Deed
—
Jul 12, 2018
—
6501 Rainier Drive LLC
—
Deed
related
$1,700,000 · Banner Bank
Feb 7, 2006
—
6501 Rainier Drive LLC
Pmc Investment Trust
Quit Claim Deed
related
—
Apr 30, 2004
$3,352,373
Partners Mortgage Corp
Bishop Whtie Miersma & Marshal
Trustees Deed
related
—
Jun 30, 2003
$400,000
Kim Blunt
Tetrick,barry
Trustees Deed
—
Dec 17, 1997
$230,000
Barry Tetrick
Matthews Trust
Grant Deed
$890,000 · Partners Mortgage
Sep 20, 1994
$103,000
Harry L Matthews
Bergstrom,ronald W
Trustees Deed
—
May 1, 1988
$55,000
Ronald W Bergstrom
Unknown
Quit Claim Deed
related
$45,100 · Seller
—
—
Barry Tetrick
—
Deed Of Trust
related
$50,000 · Individual
—
—
Barry J Tetrick
—
Deed Of Trust
related
$220,000 · Cyril W Randell & Associates
—
—
Kim Blunt
—
Deed Of Trust
related
$515,821 · 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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