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Property profile & analytics
OFF-MARKET
Estimated value
$7,340,000
Warehouses
6600 Merrill Crk Pkwy Everett, WA 98203-5899
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US90-0600877
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
39,465 SF
Lot
6.95 ac (302,742 SF)
Zoning code
FD
APN
28040200301200
UPID
US90-0600877
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
-
Boeing 47-173 Corporate Office Factory
-
Walter Dorwin Teague & Associates Professional Services
-
TEAGUE DRC Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.34M
Owner & transaction history
Seaway Lot 2c LLC · 26 yrs held
Seaway Lot 2c LLC
since 1999
7 recorded transactions
Zoning & alternative use
FD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,360,000
6.5%
$6,795,000
7%
$6,310,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,195,000
Current use
Blend value · Realmo final
$7.34M
Range $6.61M – $8.07M · ±10%
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
$186 / 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
$100,600
Tax year 2023
Assessed value
$13,021,800
Assessed 2023
Previous assessed
$11,591,300
+12.3% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,601,700
Assessed improvement
$9,420,100
Land market value
$3,601,700
Improvement market value
$9,420,100
Total market value
$13,021,800
Applied tax rate
25.0000
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
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
39,465 SF
Lot
6.95 ac (302,742 SF)
Zoning code
FD
APN
28040200301200
UPID
US90-0600877
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FD · Everett, WA
Zoning FD · permitted uses
FD · 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
WAREHOUSE, STORAGE Current
Est. value
$12.2M
WAREHOUSE, STORAGE Current
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
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
6.95 ac
Current owner
From public records · entity-resolved
Seaway Lot 2c LLC
Entity
Mailing address
PO BOX 25247, SEATTLE, WA 98165-2147
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2016
—
Seaway Lot 2c LLC
—
Deed
related
$5,000,000 · Miscellaneous Ins Co
Nov 15, 1999
—
Seaway Lot 2c LLC
Backus,edward A
Grant Deed
related
—
Jul 20, 1999
$1,224,900
Edward A Backus
Seaway Associates
Grant Deed
—
Dec 23, 1996
$4,215,000
Jackson,lynn Trust
Seaway Associates
Grant Deed
$77,000 · Washington Loan Co INC
—
—
Seaway Lot 2c LLC
—
Deed Of Trust
related
$4,200,000 · Intervest-mortgage Investment
—
—
Seaway Lot 2c LLC
—
Deed Of Trust
related
$5,300,000 · Southern Farm Bureau Life Ins
—
—
Seaway Lot 2c LLC
—
Deed Of Trust
related
$5,500,000 · Archon Financial LP
—
—
Seaway Lot 2c LLC
—
Deed Of Trust
related
$5,000,000 · Miscellaneous Ins Co
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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