Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,095,000
Apartment buildings
1111 158th SE Pl Mill Creek, WA 98012
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1378713
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1983
Construction
WOOD
Total area
51,236 SF
Lot
4.5 ac (196,020 SF)
Zoning code
HDR
APN
715700028500
UPID
US90-1378713
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
$11.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.10M
Owner & transaction history
Spokane Indian Housing Authority · 1 yrs held
Spokane Indian Housing Authority
since 2025
7 recorded transactions
Zoning & alternative use
HDR · Mill Creek, 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 Mill Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mill Creek 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%
$12,775,000
6.5%
$11,790,000
7%
$10,950,000
Blend value · Realmo final
$11.10M
Range $9.99M – $12.20M · ±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
$217 / 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
$176,306
Tax year 2023
Assessed value
$19,949,500
Assessed 2023
Previous assessed
$18,498,300
+7.8% YoY
Effective rate
0.88%
On assessed value
Assessed land
$4,950,500
Assessed improvement
$14,999,000
Land market value
$4,950,500
Improvement market value
$14,999,000
Total market value
$19,949,500
Applied tax rate
520.0000
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
1983
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Units
80
Rooms
80
Bathrooms
115
Total area
51,236 SF
Lot
4.5 ac (196,020 SF)
Zoning code
HDR
APN
715700028500
UPID
US90-1378713
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HDR · Mill Creek, WA
Zoning HDR · permitted uses
HDR · Mill Creek, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mill Creek. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
80
Rooms
80
Bathrooms
115
Lot
4.5 ac
Current owner
From public records · entity-resolved
Spokane Indian Housing Authority
Entity
Mailing address
111 PNE ST STE #1600, SAN FRANCISCO, CA 94111-5618
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
—
Spokane Indian Housing Authority
Mill At Mc 1 LLC
Special Warranty Deed
$107,653,000 · Jll Real Estate Capital LLC
Jun 20, 2019
$19,929,825
Mill At Mc 2 LLC
Bre Silver Mf Mill Wa LLC
Grant Deed
—
Mar 1, 2017
—
Bre Silver Mf Mill Wa LLC
—
Deed
related
$86,597,000 · Wells Fargo Bank NA
Jan 7, 2016
$105,678,032
Bre Silver Mf Mill Wa LLC
Gs Mill Creek LLC
Grant Deed
$455,000,000 · Bank Of America
Dec 16, 2011
$70,975,000
Gs Mill Creek LLC
Kw Rar3 Mill Creek LLC
Special Warranty Deed
$46,315,000 · Jones Lang Lasalle Operations L L C
May 15, 1995
$7,300,000
N/a Mill Station-46
Sovereign Realty 1982-viii LP
Grant Deed
$4,000,000 · Eichler Fayne & Associates
—
—
Kw-rar3 Mill Creek LLC
—
Deed Of Trust
related
$39,522,000 · Cbre Capital Markets INC
—
—
N/a Mill Station-46
—
Deed Of Trust
related
$3,900,000 · E F & A Funding LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1111 158th SE Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
