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Property profile & analytics
FOR LEASE
Warehouses
720 132Nd St SW, Everett, WA 98204
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0602708
For Lease
1 / 2
$1.45 SF/Yr
720 132Nd St SW, Everett, WA 98204
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
CONCRETE
Total area
40,128 SF
Lot
1.4 ac (60,984 SF)
Zoning code
SK
APN
664900000500
UPID
US90-0602708
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
-
Stoneway Electric Supply Company Electronic Parts Supplier Electrical Appliance Wholesaler
-
Seattle Garment Exchange Clothing Supplier
-
Finishing Consultants Inc Distribution Center Logistics Company
-
Pacific Floors & Interiors Carpet & Flooring Store Hardware & Home Improvement
-
SteamSpeed Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.67M
CAP Approach
CAP
$6.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.68M
Owner & transaction history
Arrowhead Dmj LLC · 1 yrs held
Arrowhead Dmj LLC
since 2024
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
SK · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.1M
+13.9%
Office building
$13.6M
+9.3%
Retail stores
$13.0M
+5.0%
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
$10,595,000
ML approach
$8,670,000
CAP Approach
CAP Return
Estimation
6%
$7,485,000
6.5%
$6,910,000
7%
$6,415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,400,000
Current use
AUTO REPAIR, GARAGE
$14,120,000
Change: +14% · Conversion: Easy
OFFICE BUILDING
$13,555,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$13,025,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$8.68M
Range $7.81M – $9.54M · ±10% · vs last sale $8.60M (May 27 2024)
Last sale anchor
$8.60M
May 27 2024
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
$216 / 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
$81,327
Tax year 2023
Assessed value
$9,951,300
Assessed 2023
Previous assessed
$4,796,000
+107.5% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,473,600
Assessed improvement
$8,477,700
Land market value
$1,473,600
Improvement market value
$8,477,700
Total market value
$9,951,300
Applied tax rate
2,310.0000
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
For Lease
Year built
1990
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
40,128 SF
Lot
1.4 ac (60,984 SF)
Zoning code
SK
APN
664900000500
UPID
US90-0602708
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Everett, WA
Zoning SK · permitted uses
SK · 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
$12.4M
AUTO REPAIR, GARAGE
Est. value
$14.1M
OFFICE BUILDING
Est. value
$13.6M
RETAIL STORES
Est. value
$13.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1990
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Arrowhead Dmj LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1301 DOVE ST STE #860, NEWPORT BEACH, CA 92660-2440
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
—
Arrowhead Djm LLC
—
Deed
related
$5,200,000 · Red Canoe Cu
Aug 27, 2024
$8,600,000
Arrowhead Dmj LLC
Realty Associates Fund Xii Portfoli
Warranty Deed
—
Mar 29, 2022
$10,300,000
Realty Associaths Fund Xii Portfoli
Steel Properties Industrial Center
Warranty Deed
—
Jul 20, 2018
—
Steel Prop Indl Ctr LLC
—
Deed
related
$4,024,900 · First Wstrn Tr Bk
Feb 21, 2014
$3,475,000
Steel Properties Industrial Center
33430 Limited Partnership
Warranty Deed
$2,606,250 · First Western Trust Bank
Mar 30, 2006
$3,510,000
33430
Galco Property LLC
Warranty Deed
—
Apr 30, 2001
$2,519,944
Galco Property LLC
Galco Industrial Building Assn
Grant Deed
related
$1,850,000 · Homestreet Bank
May 1, 1992
$1,722,525
Bradley B Best
Unknown
Grant Deed
—
Aug 1, 1989
$183,300
Crown Pacific Mgmt INC
Unknown
Quit Claim Deed
related
$1,250,106 · Key Bank Of Washington
Mar 1, 1989
$362,200
Brothers Allen
Unknown
Grant Deed
$206,454 · Seller
—
—
Steel Prop Indl Ctr LLC
—
Loan Modification
related
$4,024,900 · First Wstrn Tr Bk
—
—
33430
—
Deed Of Trust
related
$2,300,000 · Rainier Pacific 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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