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Property profile & analytics
OFF-MARKET
Estimated value
$52,290,000
Apartment buildings
10101 7th SE Ave Everett, WA 98208-4746
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1206473
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1999
Construction
WOOD
Total area
275,336 SF
Lot
1.64 ac (71,438 SF)
Zoning code
FP
APN
397000002201
UPID
US90-1206473
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
-
Wildreed Apartments Apartment Building Apartment Complex
-
Lil Dreamers Photography (Bike/Boat/Book/etc) Store Photography Service
-
Safe N' Sound Pet Services, L.L.C. Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$62.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.29M
Owner & transaction history
Jsp Reed Owner LLC · 1 yrs held
Jsp Reed Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
FP · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$67,965,000
6.5%
$62,735,000
7%
$58,255,000
Blend value · Realmo final
$52.29M
Range $47.06M – $57.52M · ±10%
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
$190 / 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
$460,641
Tax year 2023
Assessed value
$57,389,000
Assessed 2023
Previous assessed
$46,302,400
+23.9% YoY
Effective rate
0.80%
On assessed value
Assessed land
$1,503,200
Assessed improvement
$55,885,800
Land market value
$1,503,200
Improvement market value
$55,885,800
Total market value
$57,389,000
Applied tax rate
56.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Total area
275,336 SF
Lot
1.64 ac (71,438 SF)
Zoning code
FP
APN
397000002201
UPID
US90-1206473
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FP · Everett, WA
Zoning FP · permitted uses
FP · 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
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Lot
1.64 ac
Current owner
From public records · entity-resolved
Jsp Reed Owner LLC
Entity
Mailing address
655 MONTGOMERY ST STE #1700, SAN FRANCISCO, CA 94111-2633
Mailing matches property
Yes
Owner-occupied
Yes
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 15, 2024
—
Jsp Reed Owner LLC
Jsp Reed LLC
Bargain And Sale Deed
$44,167 · M&t Realty Capital Corporation
Aug 13, 2024
—
Tc Reed Owner LLC
Tc Reed LLC
Bargain And Sale Deed
—
Aug 8, 2024
—
Sc5 Reed LLC
Frg Reed LLC
Intrafamily Transfer
related
—
Jan 15, 2020
—
Tc Reed LLC
Jsp Reed LLC
Grant Deed
—
Dec 27, 2012
$35,000,000
Frg Reed LLC
Avalon Downreit V LP
Grant Deed
$26,750,000 · M & T Realty Capital Corp
Jul 17, 2000
—
Avalon Downreit V LP
Tcr #538 Everett LP
Grant Deed
related
—
Jun 23, 1998
—
Tcr 538 Everett LP
—
Grant Deed
related
$22,247,682 · Avalon Bay Communities 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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