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Property profile & analytics
OFF-MARKET
Estimated value
$3,730,000
Office buildings
9930 Evergreen Wayb Everett, WA 98204-3883
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-3324276
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
14,874 SF
Lot
1.06 ac (46,174 SF)
Zoning code
F6
APN
28041300306400
UPID
US90-3324276
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
$3.73M
CAP Approach
CAP
$4.09M
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$3.73M
Owner & transaction history
Latino Educational Training Institu · 1 yrs held
Latino Educational Training Institu
since 2024
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
F6 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.5M
+10.3%
Auto repair, garage
$5.2M
+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
$3,730,000
ML approach
$3,730,000
CAP Approach
CAP Return
Estimation
6%
$4,425,000
6.5%
$4,085,000
7%
$3,790,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,025,000
Current use
MEDICAL BUILDING
$5,545,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,235,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$4,830,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,595,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.73M
Range $3.36M – $4.10M · ±10% · vs last sale $3.73M (Aug 1 2024)
Last sale anchor
$3.73M
Aug 1 2024
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
$251 / 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
$27,165
Tax year 2023
Assessed value
$3,515,300
Assessed 2023
Previous assessed
$2,760,000
+27.4% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,659,200
Assessed improvement
$1,856,100
Land market value
$1,659,200
Improvement market value
$1,856,100
Total market value
$3,515,300
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
14,874 SF
Lot
1.06 ac (46,174 SF)
Zoning code
F6
APN
28041300306400
UPID
US90-3324276
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$4.6M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1980
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Latino Educational Training Institu
Individual
Mailing address
9930 EVERGREEN WAY BLDG Y, EVERETT, WA 98204-3913
Ownership since
2024
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
Aug 1, 2024
$3,730,000
Latino Educational Training Institu
Davis Properties LLC
Warranty Deed
$3,750,000 · Washington State Department Of Comm
May 23, 2016
—
Davis Properties LLC
—
Deed
related
$1,180,000 · Columbia St Bk
Mar 6, 2015
$1,550,280
Davis Properties LLC
Mufg Union Bank NA
Special Warranty Deed
$2,124,000 · Columbia State Bank
Dec 26, 2013
$1,953,000
Bk NA Union
Mtc Financial INC
Trustees Deed
related
—
Nov 5, 2007
$3,100,000
Pleasant Ridge Properties LLC
Mohseni Ranches
Warranty Deed
$2,190,000 · Union Bank Of California
—
—
Davis Properties LLC
—
Deed Of Trust
related
$975,000 · Ameritrust Cdc
—
—
Davis Properties LLC
—
Loan Modification
related
$1,180,000 · Columbia St Bk
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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