Individually Owned Property summary
AI-generated overview
This exceptional office property, Quadrant I-5 Corporate Park – Buildings A & B, offers a prime location in Everett, Washington, within Snohomish County. The property boasts a total of 75,480 square feet of executive office space, with multiple tenancy options available. Currently, there are 21,536 square feet of vacant space ready for immediate occupancy. Flexible floor plans cater to a variety of business needs, with spaces ranging from a minimum of 1,325 square feet to a maximum contiguous space of 8,652 square feet. The address is 728-808 134th St SW, Everett, WA 98204. This location provides convenient access to Interstate-5, ensuring seamless commutes for employees and clients. The property is ideal for businesses seeking modern, efficient, and well-situated office space in a thriving area of Everett. The building's design and amenities are tailored to meet the demands of today's executive office environment. Contact us to learn more about leasing opportunities and explore how this property can benefit your business. The property is categorized as Executive Office and is situated in Snohomish County.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
75,480 SF
Lot
4.19 ac (182,516 SF)
Zoning code
UC
APN
374700003201
UPID
US90-1160342
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Box & Wholesale Store
-
Medical Clinic
-
Medical Clinic
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.57M
Blend (final)
Blend
$12.50M
Owner & transaction history
since 2025
5 recorded transactions
Zoning & alternative use
UC · Everett, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$12.50M
Value range
$11.25M – $13.74M
±10% around blend
Estimated value / SF
$166 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$11.25M
blend $12.50M
$13.74M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
75,480 SF
Lot area
4.19 ac
Year built
1998
Stories
2
APN
374700003201
Zoning
UC
Assessed value
$16,546,400
Annual tax
$137,312
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$28.95M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.8 mi away · 66,909 SF
17.6 mi away · 55,125 SF
19.9 mi away · 53,480 SF
21.1 mi away · 69,731 SF
23.9 mi away · 94,393 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.50M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 65 sales
$338
-51%
County 197 sales
$357
-54%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $166/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$16.55M
Move the market yield to see immediate price impact.
Value / SF
$219
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.04M
$20.85M
$14.89M
$11.58M
$1.16M
$23.16M
$16.55M
$12.87M
$1.27M
$25.48M
$18.20M
$14.16M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$10.20M
8.1 mi · Feb 2026 · $170/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$137,312
Tax year 2023
Assessed value
$16,546,400
Assessed 2023
Previous assessed
$14,700,000
+12.6% YoY
Effective rate
0.83%
On assessed value
Assessed land
$4,394,800
Assessed improvement
$12,151,600
Land market value
$4,394,800
Improvement market value
$12,151,600
Total market value
$16,546,400
Applied tax rate
2,310.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
75,480 SF
Lot
4.19 ac (182,516 SF)
Zoning code
UC
APN
374700003201
UPID
US90-1160342
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Everett, WAZoning UC · permitted uses
UC · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
4.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
UC
Jurisdiction
Everett, WA
Recorded code
UC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for UC in Everett, WA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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