Financial
Distress signals
Property profile

909 Southeast Everett Mall Way Everett, WA 98208

FOR LEASE
Retail space
Property ID
US90-1365893
19,518 SF 4.92 ac lot Built 1980
Last sale Dec 1997 · $6,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
909 Southeast Everett Mall Way, Everett, WA 98208 For Lease
Contact for pricing 690 SF available
909 Southeast Everett Mall Way, Everett, WA 98208
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Property summary

AI-generated overview

The property is a commercial campus consisting of five buildings configured to support a mix of retail, flex, and office uses. It is located along the SE Everett Mall Way corridor with frontage for high-visibility access, and it is situated near major national retailers including Walmart, Regal Cinemas, and Target, as well as surrounding neighborhood amenities. The tenant mix is diversified, with a limited concentration such that no single user exceeds 10% of net rentable area. The buildings

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$106k
Tax billed · 2023
Assessed value$12.86M
Assessed land$7.60M
Assessed improvement$5.26M
Effective rate0.82%

Value estimate

· Sep 2026
$4.33M
$3.90M – $4.76M
CAP approach$4.34M
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$3k
Operating expenses−$4k
NOI · 64,133.33% cap applied$12k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$325/SF
Submarket average, outlier-cleaned · 69 recorded sales of this use type
Observed band · Q1–Q3$174 – $489

Cap rate analysis

How does the asset earn?
64,133.33%
$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1R
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm19.0
Building Supply16.2
Wholesale Shop16.1

Location

909 Southeast Everett Mall Way Everett, WA 98208
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13110 Bothell Everett, Everett, WA 98208-7202 $4,320,000 Mar 2025 13,953 SF
811 Everett Mall, Everett, WA 98208-3761 $7,290,000 Feb 2025 25,000 SF
5006 132nd SE, Everett, WA 98208-9517 $12,902,490 Jul 2023 16,746 SF
305 Everett Mall, Everett, WA 98208-3250 $23,700,000 Dec 2022 29,625 SF
620 Everett Mall, Everett, WA 98208-3278 $7,000,000 Dec 2021 20,011 SF
209 Casino, Everett, WA 98208-2610 $6,500,000 Mar 2019 17,068 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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