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Property profile & analytics
OFF-MARKET
Estimated value
$22,955,000
Apartment buildings
1020 112th SW St Everett, WA 98204-7882
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0386971
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1986
Construction
WOOD
Total area
73,296 SF
Lot
5.63 ac (245,243 SF)
Zoning code
MR
APN
442900201201
UPID
US90-0386971
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
-
Aerohaven Apartments Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.96M
CAP Approach
CAP
$16.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.96M
Owner & transaction history
Wmk Asset LLC · 1 yrs held
Wmk Asset LLC
since 2024
Last sale
$23.0M
7 recorded transactions
Zoning & alternative use
MR · 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
$22,955,000
ML approach
$22,955,000
CAP Approach
CAP Return
Estimation
6%
$18,090,000
6.5%
$16,700,000
7%
$15,510,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$36,950,000
Current use
RESTAURANT
$34,550,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$22.96M
Range $20.66M – $25.25M · ±10% · vs last sale $22.96M (Dec 11 2024)
Last sale anchor
$22.96M
Dec 11 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
$313 / 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
$224,743
Tax year 2023
Assessed value
$27,220,900
Assessed 2023
Previous assessed
$24,318,000
+11.9% YoY
Effective rate
0.83%
On assessed value
Assessed land
$3,731,600
Assessed improvement
$23,489,300
Land market value
$3,731,600
Improvement market value
$23,489,300
Total market value
$27,220,900
Applied tax rate
2,363.0000
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
1986
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
3
Total area
73,296 SF
Lot
5.63 ac (245,243 SF)
Zoning code
MR
APN
442900201201
UPID
US90-0386971
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR · Everett, WA
Zoning MR · permitted uses
MR · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.0M
RESTAURANT
Est. value
$34.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
5.63 ac
Current owner
From public records · entity-resolved
Wmk Asset LLC
Entity
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
$22,955,900
Wmk Asset LLC
Cli Timberline Court LLC
Bargain & Sale Deed
$500,000 · Jpmorgan Chase Bank NA
Feb 13, 2019
—
Cli Timberline Court LLC
—
Deed
related
$540,000,000 · Oversea-chinese Bkng
Oct 22, 2018
—
Cli Timberline Court LLC
Timberline Court LP
Quit Claim Deed
—
Feb 28, 2017
$18,405,500
Timberline Court LP
Holland Holdings IV Woodland H
Grant Deed
$14,674,000 · Berkeley Point Cap
May 31, 2007
$10,474,800
Holdings H Holland IV
Get Spunky
Grant Deed
$9,215,000 · Capmark Bank
Oct 28, 2005
$7,137,000
Get Spunky
North Meadows Associates LLC
Grant Deed
$4,800,000 · First Regional Bank
Apr 23, 1999
$6,015,000
North Meadows Associates LLC
T & T North Partners
Grant Deed
related
$800,000 · Continental Savings Bank
Jan 13, 1998
—
T Partners
—
Deed Of Trust
related
$3,750,000 · Continental Savings Bank
Feb 1, 1993
$4,629,470
—
—
Grant Deed
related
—
—
—
Cli Timberline Court LLC
—
Deed Of Trust
related
$540,000,000 · Oversea-chinese Bkng
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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