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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Retail space
9629 Evergreen Way Everett, WA 98204-7198
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1221318
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
WOOD
Total area
8,160 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C-1
APN
480200700101
UPID
US90-1221318
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
-
5 Rivers Indian Cuisine Restaurant
-
Marlen Hair Studio Hair Salon Nail Salon
-
Tienda Latina Specialty Food Shop Supermarket
-
La Tia Lety Tamaleria y Taqueria Restaurant
-
Tía Lety Tamaleria Y Taqueria Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.46M
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$2.13M
Owner & transaction history
13 Guru Nanak LLC · 2 yrs held
13 Guru Nanak LLC
since 2023
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
C-1 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+14.8%
Auto repair, garage
$2.9M
+8.4%
Office building
$2.8M
+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
$2,395,000
ML approach
$2,455,000
CAP Approach
CAP Return
Estimation
6%
$1,965,000
6.5%
$1,815,000
7%
$1,685,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,650,000
Current use
MEDICAL BUILDING
$3,040,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,870,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$2,755,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$2,520,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10% · vs last sale $2.20M (Sep 19 2023)
Last sale anchor
$2.20M
Sep 19 2023
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
$261 / 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
$10,611
Tax year 2023
Assessed value
$1,372,300
Assessed 2023
Previous assessed
$1,468,000
-6.5% YoY
Effective rate
0.77%
On assessed value
Assessed land
$244,500
Assessed improvement
$1,127,800
Land market value
$244,500
Improvement market value
$1,127,800
Total market value
$1,372,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
8,160 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C-1
APN
480200700101
UPID
US90-1221318
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
RETAIL STORES Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.5M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1979
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
13 Guru Nanak LLC
Entity
Mailing address
9629 EVERGREEN WAY STE #201, EVERETT, WA 98204-7169
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
$2,200,000
13 Guru Nanak LLC
Resource Transition Consultants LLC
Bargain And Sale Deed
$1,650,000 · Mcdevitf Investments LLC
Oct 2, 2019
—
5 Rivers Properties LLC
Mohan,ravinder
Quit Claim Deed
related
—
Sep 3, 2019
$1,600,000
Ravinder Mohan
Evalren Corp
Warranty Deed
$1,000,000 · Mcdevitt Invs LLC
Mar 16, 2011
—
Evalren Corp
Lee,anita V
Quit Claim Deed
related
—
Jun 1, 1988
$435,216
—
—
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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