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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Turn key restaurants
6504 Evergreen Way, Everett, WA 98203-4527
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3326606
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2017
Construction
WOOD
Total area
3,286 SF
Lot
0.77 ac (33,541 SF)
Zoning code
B-2
APN
393000001600
UPID
US90-3326606
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
-
Popeyes Louisiana Kitchen Restaurant
-
Hamilton Allen Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$3.56M
Owner & transaction history
Everett Way Investors LLC · 5 yrs held
Everett Way Investors LLC
since 2020
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
B-2 · 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
$4,335,000
ML approach
$4,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.56M
Range $3.20M – $3.91M · ±10% · vs last sale $3.30M (Sep 22 2020)
Last sale anchor
$3.30M
Sep 22 2020
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
$1,082 / 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
$18,193
Tax year 2023
Assessed value
$2,214,300
Assessed 2023
Previous assessed
$2,300,200
-3.7% YoY
Effective rate
0.82%
On assessed value
Assessed land
$962,100
Assessed improvement
$1,252,200
Land market value
$962,100
Improvement market value
$1,252,200
Total market value
$2,214,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
3,286 SF
Lot
0.77 ac (33,541 SF)
Zoning code
B-2
APN
393000001600
UPID
US90-3326606
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Everett, WA
Zoning B-2 · permitted uses
B-2 · 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
2017
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Everett Way Investors LLC
Entity
Mailing address
20413 96TH AVE NE, BOTHELL, WA 98011-2304
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2020
$3,300,000
Everett Way Investors LLC
Woodinville Ents LLC
Warranty Deed
—
May 16, 2019
—
Madison Real Property LLC
—
Deed
related
$2,000,000 · Coastal Community Bank
May 10, 2019
$77,460
Madison Real Property LLC
Woodinville Ents LLC
Quit Claim Deed
related
—
May 10, 2019
—
Woodinville Ents LLC
Madison Real Property LLC
Quit Claim Deed
related
—
Sep 4, 2018
—
P A
—
Deed
related
$1,580,000 · Washington Fed'l Svgs
Jul 11, 2018
—
Daniel H Springer
Springer,heidi M
Quit Claim Deed
—
Jul 5, 2018
$3,000,000
Mitchell,paul A & I V Fam Trust
Madison Real Property LLC
Grant Deed
—
Jul 5, 2018
—
A Paul
—
Deed
related
$1,580,000 · Washington Fed'l Svgs
Jul 8, 2016
$1,330,000
Madison Real Property LLC
Allen R Hemmat
Warranty Deed
$1,625,000 · Prime Pacific Bank NA
Feb 10, 2014
—
Allen R Hemmat
Hemmat,sharon M
Quit Claim Deed
related
—
Jun 19, 2006
—
Paul A Hamstra
Hamstra Tona
Quit Claim Deed
—
Apr 28, 2005
$1,200,000
Allen R Hemmat
Ramirez,michael L & Lynda C
Warranty Deed
—
Apr 9, 2002
$1,000,000
Michael L Ramirez
Leavitt,walter J & Janice
Grant Deed
$850,000 · Walter J & Janice Leavitt
—
—
Walter Leavitt
—
Deed Of Trust
related
$20,000 · Era Metropolitan Real Estate
—
—
P A
—
Loan Modification
related
$1,580,000 · Washington Fed'l Svgs
—
—
A Paul
—
Deed Of Trust
related
$1,580,000 · Washington Fed'l Svgs
—
—
Wait Leavitt
—
Deed Of Trust
related
$120,000 · First Interstate Bank Washingt
—
—
Walt Leavitt
—
Deed Of Trust
related
$560,000 · Wells Fargo 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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