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Property profile & analytics
OFF-MARKET
Commercial land
8629 Evergreen Way, Everett, WA 98208-2619
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1716096
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1953
Construction
WOOD FRAME
Total area
340 SF
Lot
0.09 ac (3,920 SF)
Zoning code
F6
APN
28041300104500
UPID
US90-1716096
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Everett Community College · 1 yrs held
Everett Community College
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,117
Tax year 2023
Assessed value
$134,800
Assessed 2023
Previous assessed
$84,700
+59.1% YoY
Effective rate
0.83%
On assessed value
Assessed land
$134,800
Land market value
$134,800
Total market value
$134,800
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1953
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
340 SF
Lot
0.09 ac (3,920 SF)
Zoning code
F6
APN
28041300104500
UPID
US90-1716096
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
1953
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Everett Community College
Individual
Mailing address
8625 EVERGREEN WAY STE #200, EVERETT, WA 98208-2649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Feb 12, 2025
—
Everett Community College
Port Of Everett
Deed
—
Sep 9, 2021
$18,756
State Of Washington
Evergreen Business Center Investmen
Lease
—
Jan 15, 2020
—
Evergreen Businesscenter Invs
—
Deed
related
$6,000,000 · Tiaa Fsb
Jan 29, 2010
—
Evergreen Busn Ctr Invs LLC
—
Deed Of Trust
related
$4,300,000 · Standard Insurance Co
Jan 6, 2000
—
Evergreen Business Center Inv
—
Deed Of Trust
related
$4,600,000 · Intervest-mortgage Investment
Aug 20, 1998
—
Evergreen Business Center LLC
Harmon Trust
Quit Claim Deed
related
—
Jul 20, 1995
$6,500
Ebc Associates
Us West Communications INC
Quit Claim Deed
related
—
—
—
Evergreen Businesscenter Invs
—
Deed Of Trust
related
$6,000,000 · Tiaa Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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