Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9800 29th Ave W Ste E104 Everett, WA 98204-1313

    • Commercial real estate
    • 8,748 SF
    OFF-MARKET
    Value Estimations
    $2,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1797463
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Northwest Aeronautics Group / Transportation Service
    • Tedora Air Duct Cleaning / Air Duct Cleaning Service

    Property Details for 9800 29th Ave W Ste E104

    Year built
    2009
    Construction
    TYPE NOT SPECIFIED
    Property size
    8,748 SF
    Property type
    Commercial real estate
    APN
    1112600510400
    APU
    1112600510400

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,010,000
      6.5%
      $1,855,000
      7%
      $1,725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,416,000
      Market price range: $1.02M - $2.42M
      AI Estimate
      $2,397,000
      Market price range: $881k - $2.40M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,785,000
      Current use
      MEDICAL BUILDING
      $3,260,000
      Change: +83% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,080,000
      Change: +72% Conversion: Difficult
      OFFICE BUILDING
      $2,955,000
      Change: +65% Conversion: Easy
      RETAIL STORES
      $2,840,000
      Change: +59% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,705,000
      Change: +51% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.275
    Latitude
    47.911
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,743
    $0.00
    $1,267,500
    $1,267,500
    -
    $0.00
    $1,267,500
    $1,267,500

    Comparable in this City

    • Value Estimation
      $8,245,000
      32,433 SF

      10411 Airport Rd

      COMMERCIAL CONDOMINUIM • 32,433 SF
      10411 Airport Rd, Everett, WA 98204-3523
      View Details
    • Value Estimation by Request
      1,374 SF

      10820 Minuteman Dr, Unit C16-6

      COMMERCIAL CONDOMINUIM • 1,374 SF
      10820 Minuteman Dr, Everett, WA 98204
      View Details
    • Value Estimation by Request
      1,353 SF

      10820 Minuteman Dr, Unit C18-3

      COMMERCIAL CONDOMINUIM • 1,353 SF
      10820 Minuteman Dr, Everett, WA 98204
      View Details
    • Value Estimation by Request
      1,226 SF

      10820 Minuteman Dr, Unit 10

      COMMERCIAL CONDOMINUIM • 1,226 SF
      10820 Minuteman Dr, Everett, WA 98204
      View Details
    • Value Estimation by Request
      1,000 SF

      10820 Minuteman Dr, Unit 11

      COMMERCIAL CONDOMINUIM • 1,000 SF
      10820 Minuteman Dr, Everett, WA 98204
      View Details
    • Value Estimation by Request
      1,000 SF

      10820 Minuteman Dr, Unit 12

      COMMERCIAL CONDOMINUIM • 1,000 SF
      10820 Minuteman Dr, Everett, WA 98204
      View Details

    Similar Nearby for Sale

    • $988,000

      Everett Commercial Investment Opportunity

      High-yield Airport Road property, strong tenant.
      11608 Airport Rd, Everett, WA 98204
      View Details
    • $167,500
      1,568 SF

      Updated Home in 55+ Park

      Updated 3-bedroom home in Fairway Estates 55+ senior park.
      1427 100Th St SW, Everett, WA 98204
      View Details
    • $1,500,000
      128,938 SF

      Land Near Paine Field Airport

      3-acre light industrial land near Paine Field's new regional airport.
      2311 106Th St SW, Everett, WA 98204
      View Details
    • $6,800,000

      Royal Casino Commercial Property

      High-visibility casino property with redevelopment potential near Paine Field Airport.
      13010 Everett Ave, Everett, WA 98204
      View Details
    • $469,999

      Garden Grove Corner Unit

      Three-bedroom condo with modern updates and greenbelt access.
      723 114Th St SW, Everett, WA 98204
      View Details
    • $2,200,000
      10,500 SF

      Everett NAPA Auto Parts Investment

      Single-tenant NAPA Auto Parts property in Everett, WA for sale.
      9423 Evergreen Way, Everett, WA 98204
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      6,075 SF

      Highway 99 Retail and Warehouse

      Retail and warehouse space with fenced yard available for lease.
      13220 Highway 99 S, Everett, WA 98204
      View Details
    • $12 SF/Yr
      15,000 SF

      Evergreen Way Retail Showroom Space

      Large retail/showroom space with high ceilings and abundant parking.
      9017 Evergreen Way, Everett, WA 98204
      View Details
    • $16 SF/Yr
      1,000 SF

      Versatile Office Space Available

      Adaptable office space suitable for medical, retail, or traditional use.
      12811 8Th Ave W, Everett, WA 98204
      View Details
    • Contact for pricing
      13,570 SF

      Everett Office/Warehouse Space Available

      Office and climate-controlled warehouse space in I-5 Corporate Park.
      802 134Th St Southwest, Everett, WA 98204
      View Details
    • $8 SF/Yr
      6,249 SF

      Everett Office Space for Lease

      Flexible workspace solutions in Everett, WA.
      11400 Airport Rd, Everett, WA 98204
      View Details
    • $7,500 /Mo

      Commercial Land for Lease

      2.5 acres of commercial land available for lease.
      2326 27Th Pl NE, Everett, WA 98204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9800 29th Ave W Ste E104
    Everett, WA 98204-1313
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.