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Property profile & analytics
FOR LEASE
Commercial land
8530 Evergreen Way, Everett, WA 98208
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0305012
For Lease
1 / 2
$2,675,000
8530 Evergreen Way, Everett, WA 98208
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
173,024 SF
Lot
14.34 ac (624,650 SF)
Zoning code
F6
APN
28041300100800
UPID
US90-0305012
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
-
Fred Meyer Pharmacy Pharmacy
-
HairMasters Hair Salon Nail Salon
-
Fred Meyer Grocery & Convenience Store Food Market
-
SNOWFOX Sushi Take-out & Catering
-
Additech Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
Fm Everett F LLC · 5 yrs held
Fm Everett F LLC
since 2021
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
F6 · 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
$2,865,000
ML approach
$2,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±10% · vs last sale $2.56M (May 19 2021)
Last sale anchor
$2.56M
May 19 2021
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
$15 / 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
$151,826
Tax year 2023
Assessed value
$19,653,200
Assessed 2023
Previous assessed
$27,050,000
-27.3% YoY
Effective rate
0.77%
On assessed value
Assessed land
$19,653,200
Land market value
$19,653,200
Total market value
$19,653,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
173,024 SF
Lot
14.34 ac (624,650 SF)
Zoning code
F6
APN
28041300100800
UPID
US90-0305012
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F6 · Everett, WA
Zoning F6 · permitted uses
F6 · 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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
14.34 ac
Current owner
From public records · entity-resolved
Fm Everett F LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1014 VINE ST #7, CINCINNATI, OH 45202-1141
Ownership since
2021
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
Jun 8, 2021
—
Fm Everett Lh LLC
—
Deed
related
$32,694,704 · Cga Mortgage Capital LLC
May 19, 2021
$2,562,586
Fm Everett F LLC
Metropolitan Life Insurance Company
Bargain And Sale Deed
—
May 18, 2021
$23,063,270
Fm Everett Lh LLC
Metropolitan Life Insurance Company
Bargain And Sale Deed
—
Aug 26, 1999
—
Sound Ventures INC
—
Grant Deed
related
$400,000 · Interwest Bank
Jun 21, 1999
—
Roundup FCU
Sound Ventures INC
Grant Deed
related
$2,000,000 · Interwest Bank
May 21, 1999
$525,000
Everett Millennuim Group LLC
Roundup Co
Grant Deed
—
Mar 1, 1999
$706,796
Roundup Co
Metropolitan Life Insurance
Grant Deed
—
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.
Try Rey
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