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Property profile & analytics
OFF-MARKET
Estimated value
$7,595,000
Office buildings
7600 Evergreen Way Everett, WA 98203-6421
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1087410
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1961
Construction
TYPE NOT SPECIFIED
Total area
30,384 SF
Lot
3.68 ac (160,301 SF)
Zoning code
C-1
APN
28050700300200
UPID
US90-1087410
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
-
The Everett Clinic Support Clinic Medical Clinic
-
Julie Golbek, ARNP Pediatrician Physician
-
Monique McGaffeny, ARNP Pediatrician Physician
-
Jacqueline Wahl, ARNP Pediatrician Physician
-
Joshua David Munro, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.34M
Comparable Approach
Comparable
$9.06M
Blend (final)
Blend
$7.60M
Owner & transaction history
Royal Arms Nw LLC · 7 yrs held
Royal Arms Nw LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-1 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.3M
+10.3%
Auto repair, garage
$10.7M
+4.1%
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%
$9,035,000
6.5%
$8,340,000
7%
$7,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,265,000
Current use
MEDICAL BUILDING
$11,325,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,690,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$9,860,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,390,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.60M
Range $6.84M – $8.35M · ±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
$250 / 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
$51,342
Tax year 2023
Assessed value
$6,251,000
Assessed 2023
Previous assessed
$6,182,100
+1.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$2,045,000
Assessed improvement
$4,206,000
Land market value
$2,045,000
Improvement market value
$4,206,000
Total market value
$6,251,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
30,384 SF
Lot
3.68 ac (160,301 SF)
Zoning code
C-1
APN
28050700300200
UPID
US90-1087410
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Everett, WA
Zoning C-1 · permitted uses
C-1 · 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
OFFICE BUILDING Current
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$10.7M
RETAIL STORES
Est. value
$9.9M
WAREHOUSE, STORAGE
Est. value
$9.4M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1961
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
3.68 ac
Current owner
From public records · entity-resolved
Royal Arms Nw LLC
Entity
Mailing address
10900 NE 4TH ST STE #1430, BELLEVUE, WA 98004-8357
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2018
$6,070,000
Royal Arms Nw LLC
Art Everett LLC
Grant Deed
$3,700,000 · Tiaa Fsb
Mar 31, 2017
$5,500,000
Art Everett LLC
Davita Medical Re LLC
Grant Deed
$3,118,382 · Private Individual
Jan 5, 2017
$4,050,000
Healthcare Partners Re LLC
7600 Ec LLC
Warranty Deed
—
Apr 20, 2011
$3,400,000
7600 Ec LLC
Snohomish Cnty Physicians Corp
Warranty Deed
—
—
—
7600 Ec LLC
—
Deed Of Trust
related
$250,000 · Mountain Pacific Bank
—
—
John S Gullikson
—
Deed Of Trust
related
$15,000 · Frontier Bank
—
—
7600 Ec LLC
—
Deed Of Trust
related
$3,160,000 · Northern Trust 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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