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Property profile & analytics
OFF-MARKET
Estimated value
$77,480,000
Apartment buildings
11108 Chennault Bch Rd, Mukilteo, WA 98275-4903
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US90-0855008
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1991
Construction
WOOD
Total area
407,334 SF
Lot
27.85 ac (1,213,146 SF)
Zoning code
MRPRD
APN
548800002401
UPID
US90-0855008
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
-
Mutaz's Crip Apartment Complex
-
Swimming Pool Swimming Pool Hardware & Home Improvement
-
Bay Court Building 19 Apartment Building
-
American Walk-in BathTubs for Seniors Kitchen & Bath Showroom Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$93.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$77.48M
Owner & transaction history
Insurance Teachers · 27 yrs held
Insurance Teachers
since 1998
2 recorded transactions
Zoning & alternative use
MRPRD · Mukilteo, 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 Mukilteo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mukilteo 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%
$101,545,000
6.5%
$93,730,000
7%
$87,035,000
Blend value · Realmo final
$77.48M
Range $69.73M – $85.23M · ±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
$1,085,206
Tax year 2023
Assessed value
$154,730,000
Assessed 2023
Previous assessed
$109,423,000
+41.4% YoY
Effective rate
0.70%
On assessed value
Assessed land
$15,943,400
Assessed improvement
$138,786,600
Land market value
$15,943,400
Improvement market value
$138,786,600
Total market value
$154,730,000
Applied tax rate
671.0000
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
1991
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
3
Units
420
Rooms
420
Total area
407,334 SF
Lot
27.85 ac (1,213,146 SF)
Zoning code
MRPRD
APN
548800002401
UPID
US90-0855008
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MRPRD · Mukilteo, WA
Zoning MRPRD · permitted uses
MRPRD · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mukilteo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Units
420
Rooms
420
Lot
27.85 ac
Current owner
From public records · entity-resolved
Insurance Teachers
Individual
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 1998
$35,100,000
Insurance Teachers
United States Fidelity
Grant Deed
—
Nov 1, 1989
$3,100,000
—
—
Grant Deed
related
$24,118,000 · Seafirst Bank
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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