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Property profile & analytics
OFF-MARKET
Estimated value
$15,580,000
Apartment buildings
1021 Hwy 99 Everett, WA 98201
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1305537
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2020
Construction
WOOD
Total area
74,142 SF
Lot
0.47 ac (20,473 SF)
Zoning code
BMU
APN
29051700203200
UPID
US90-1305537
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
$10.19M
CAP Approach
CAP
$16.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.58M
Owner & transaction history
Broadway Property Owner LLC · 4 yrs held
Broadway Property Owner LLC
since 2022
Last sale
$15.0M
6 recorded transactions
Zoning & alternative use
BMU · 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
$15,425,000
ML approach
$10,185,000
CAP Approach
CAP Return
Estimation
6%
$18,300,000
6.5%
$16,895,000
7%
$15,685,000
Blend value · Realmo final
$15.58M
Range $14.02M – $17.14M · ±10% · vs last sale $15.00M (Feb 10 2022)
Last sale anchor
$15.00M
Feb 10 2022
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
$210 / 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
Assessed value
$17,523,700
Assessed 2023
Previous assessed
$7,878,200
+122.4% YoY
Assessed improvement
$17,523,700
Improvement market value
$17,523,700
Total market value
$17,523,700
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
74,142 SF
Lot
0.47 ac (20,473 SF)
Zoning code
BMU
APN
29051700203200
UPID
US90-1305537
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.
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Broadway Property Owner LLC
Entity
Mailing address
LAS VEGAS, NV 89135
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
$15,000,000
Broadway Property Owner LLC
Koz On N Broadway LLC
Bargain And Sale Deed
$76,150,000 · Pnc Bank NA
Jan 5, 2018
$1,950,000
Koz On N Broadway LLC
Lee,chun O
Trustees Deed
$2,200,000 · Pedro N Broadway LLC
Nov 28, 2005
$630,000
Chun O Lee
Kong,michael
Warranty Deed
—
Sep 17, 2003
$550,000
Michael Kong
Wong,man B & Michelle
Grant Deed
$300,000 · Washington First Int'l Bank
Feb 1, 1990
$255,000
Man Bun Wong
Unknown
Grant Deed
—
—
—
Man-bun Wong
—
Deed Of Trust
related
$150,000 · First Interstate Bank Washingt
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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