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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Office buildings
Everett, WA 98201
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2330654
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1921
Construction
TYPE NOT SPECIFIED
Total area
12,000 SF
Lot
0.62 ac (27,007 SF)
Zoning code
BMU
APN
439076200800
UPID
US90-2330654
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
$4.00M
CAP Approach
CAP
$3.30M
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$4.00M
Owner & transaction history
Sweet Thursday LLC · 2 yrs held
Sweet Thursday LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
BMU · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.1M
+47.2%
Restaurant
$4.7M
+14.4%
Medical building
$4.5M
+8.8%
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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
$3,570,000
6.5%
$3,295,000
7%
$3,060,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,110,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,050,000
Change: +47% · Conversion: Easy
RESTAURANT
$4,700,000
Change: +14% · Conversion: Moderate
MEDICAL BUILDING
$4,470,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$3,710,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Jan 16 2024)
Last sale anchor
$4.00M
Jan 16 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
$333 / 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
$35,016
Tax year 2023
Assessed value
$4,264,100
Assessed 2023
Previous assessed
$3,805,900
+12.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,181,500
Assessed improvement
$3,082,600
Land market value
$1,181,500
Improvement market value
$3,082,600
Total market value
$4,264,100
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1921
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
3
Stories
2
Total area
12,000 SF
Lot
0.62 ac (27,007 SF)
Zoning code
BMU
APN
439076200800
UPID
US90-2330654
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BMU · Everett, WA
Zoning BMU · permitted uses
BMU · 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
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
RESTAURANT
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$3.7M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL 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
1921
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
Sweet Thursday LLC
Entity
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2024
—
Sweet Thursday LLC
Eric Martinson
Quit Claim Deed
related
—
Feb 25, 2020
—
Crown Martinson Properties LLC
—
Deed
related
$500,000 · Coastal Community Bank
Jan 29, 2020
$4,000,000
Crown Martinson Properties LLC
Cmo Properties LLC
Warranty Deed
$500,000 · Cmo Props LLC
Jan 29, 2016
$1,835,000
Cmo Properties LLC
Haugen,james M
Grant Deed
$1,559,750 · James M Haugen
Nov 16, 2012
—
James M Haugen
Mcgraw Dev LLC
Deed In Lieu Of Foreclosure
—
Aug 7, 2009
$10,000
Mcgraw Dev LLC
Haugen,john M JR
Warranty Deed
$262,500 · Lakeside Office LLC
—
—
James M Haugen
—
Deed Of Trust
related
$858,202 · Crown Photo Systems INC
—
—
James M Haugen
—
Deed Of Trust
related
$288,200 · Haugen J Living Trust (lt)
—
—
James M Haugen
—
Deed Of Trust
related
$72,172 · Haugen J Living Trust (lt)
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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