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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
Everett, WA 98203
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2407605
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2002
Construction
WOOD
Total area
256 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B-2
APN
581900008100
UPID
US90-2407605
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alpine Market LLC · 1 yrs held
Alpine Market LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
B-2 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,046
Tax year 2023
Assessed value
$249,200
Assessed 2023
Previous assessed
$117,100
+112.8% YoY
Effective rate
0.82%
On assessed value
Assessed land
$210,300
Assessed improvement
$38,900
Land market value
$210,300
Improvement market value
$38,900
Total market value
$249,200
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
256 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B-2
APN
581900008100
UPID
US90-2407605
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Everett, WA
Zoning B-2 · permitted uses
B-2 · 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.
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Alpine Market LLC
Entity
Mailing address
4702 EVERGREEN WAY, EVERETT, WA 98203-2831
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
—
Lpine Market LLC
—
Deed
related
$2,263,000 · Ready Capital Corp
Jun 27, 2025
$1,900,000
Alpine Market LLC
Bon Jw INC
Warranty Deed
—
Sep 17, 2018
$1,100,000
Bon Je INC
Eman INC
Trustees Deed
$1,150,200 · Bank Of Hope
May 11, 2006
$750,000
Eman INC
Kar,christian
Warranty Deed
—
Sep 1, 2004
—
Christian Kar
—
Trustees Deed
related
$971,000 · Cathay Bank
Mar 1, 1992
$189,000
Clyde Lemaster
Unknown
Grant Deed
—
—
—
Eman INC
—
Deed Of Trust
related
$116,328 · Alexander & Associates Managem
—
—
Christian Kar
—
Deed Of Trust
related
$225,000 · Cathay Bank
—
—
Christian B Kar
—
Deed Of Trust
related
$138,376 · City Bank
—
—
Eman INC
—
Deed Of Trust
related
$870,000 · Wilshire State Bank
—
—
Christian Kar
—
Deed Of Trust
related
$50,000 · Eclipse Espresso Systems INC
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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