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Property profile & analytics
OFF-MARKET
Estimated value
$6,510,000
Warehouses
6501 Rainier Dr Everett, WA 98203-4672
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0340204
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Construction
TYPE NOT SPECIFIED
Total area
44,660 SF
Lot
1.58 ac (68,825 SF)
Zoning code
F2
APN
392900602500
UPID
US90-0340204
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
-
King's Gourmet Foods Big Box & Wholesale Store
-
Shawn's Food Service Agricultural Supply Food Market
-
King's Gourmet Food Inc Big Box & Wholesale Store Food Market
-
M Locking Enterprises Inc Agricultural Supply Food Market
-
Bob's Meats Butcher Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.52M
CAP Approach
CAP
$7.69M
Comparable Approach
Comparable
$7.41M
Blend (final)
Blend
$6.51M
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
$6,515,000
CAP Approach
CAP Return
Estimation
6%
$8,330,000
6.5%
$7,690,000
7%
$7,140,000
Blend value · Realmo final
$6.51M
Range $5.86M – $7.16M · ±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
$146 / 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
$28,634
Tax year 2023
Assessed value
$3,485,700
Assessed 2023
Previous assessed
$3,485,700
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,567,500
Assessed improvement
$1,918,200
Land market value
$1,567,500
Improvement market value
$1,918,200
Total market value
$3,485,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
3
Total area
44,660 SF
Lot
1.58 ac (68,825 SF)
Zoning code
F2
APN
392900602500
UPID
US90-0340204
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
1958
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Lot
1.58 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
10 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
Mar 30, 2017
—
6501 Rainier Drive LLC
—
Deed
related
$1,456,913 · Wells Fargo Bk
Dec 30, 2005
—
6501 Rainier Drive LLC
Pmcit LLC
Warranty Deed
$1,590,400 · Wells Fargo Bank NA
Jul 28, 2004
—
Pmcit LLC Trustee
Partners Mortgage
Quit Claim Deed
related
—
Apr 30, 2004
$3,352,372
Partners Mortgage
Tetrick,barry
Trustees Deed
related
—
Dec 6, 1999
—
Barry Tetrick
Blunt,kim & Sharon
Grant Deed
$2,300,000 · Partners Mortgage
—
—
6501 Rainier Drive LLC
—
Deed Of Trust
related
$250,000 · Shoreline Bank
—
—
6501 Rainier Drive LLC
—
Loan Modification
related
$1,456,913 · Wells Fargo Bk
—
—
Kim Blunt
—
Deed Of Trust
related
$2,452,576 · 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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