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    11311 19th SE Ave Everett, WA 98208-5101
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    Property profile & analytics

    11311 19th SE Ave, Everett, WA 98208-5101

    View on Map
    • Apartment buildings
    • 124,164 SF
    • 3.88 lot acres
    Off-Market
    Last Sale Dec 20, 2021
    $54,500,000
    Property ID
    US90-1446178
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Unity Records LLC / Recording Studio
    • BluWater / Real Estate Agency
    • Дом / Apartment Complex
    • Northwest Clean / Commercial Cleaning Service / Cleaners
    • Certified Electrical CEU / Electrical Service / General Contractor

    Property Details for 11311 19th SE Ave

    Year built
    1991
    Construction
    WOOD
    Lot size
    3.88 lot acres
    Zone code
    FP
    Property type
    Apartment buildings
    APN
    574700101800
    APU
    574700101800

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 26, 2022 — Bluwater Everett Apartments LLC — Deed · related $43.3M · Forethought Life Insurance Company
    Dec 20, 2021 $54,500,000 Bluwater Everett Apartments LLC Cep Ill Bluwater 14 LLC Special Warranty Deed —
    Dec 8, 2014 — Cep III Bluwater 14 LLC Grosvenor International Cupertino L Special Warranty Deed $19.1M · Centerline Mortgage Partners INC
    Jan 30, 2007 $17,804,400 Grosvenor International Ltd Fsc Matanza Creek Apts LLC Grant Deed —
    Feb 4, 2005 $9,834,800 Fsc Matanza Creek Apts LLC Retail Portfolio San Jose LLC Warranty Deed —
    Aug 9, 2001 $7,357,641 Retail Portfolio San Jose LLC Silverlake Partners LLC Grant Deed $8.1M · Red Mortgage Capital INC
    Jan 15, 1999 $9,680,000 Silverlake Partners LLC Archstone Communities Trust Grant Deed $7.3M · St Paul Fsb
    Feb 21, 1995 $6,700,000 Security Capital Pacific INC Bank Of California Grant Deed · related —
    Jul 1, 1990 $450,000 Oreo,div Floor Unknown Grant Deed —
    — — Alice L Wilson — Deed Of Trust · related $63k · Avco Acceptance Washington INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $69,574,000
      Market price range: $29.4M - $114M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $62,595,000
      Current use
      RESTAURANT
      $58,525,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2
    Latitude
    47.8952
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $264,137
    $3,997,300
    $28,909,700
    $32,907,000
    -
    $3,997,300
    $28,909,700
    $32,907,000

    Comparable in this City

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      1306 100th SE Pl

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      59,576 SF

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      APARTMENT HOUSE (100+ UNITS)
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    • Value Estimation
      $40,960,000
      180,461 SF

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    • Value Estimation by Request
      9,702 SF

      109 Casino Rd

      Multifamily properties
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    Similar Nearby for Sale

    • Contact for pricing
      14,070 SF

      Everett Multifamily Property For Sale

      14-unit multifamily property built in 2000 in Everett, Washington.
      8830 3Rd Ave SE, Everett, WA 98208
      View Details
    • Contact for pricing

      Sound View Buildable Lot

      Near one-acre lot with sound and mountain views.
      1926 Maple St, Everett, WA 98208
      View Details
    • Contact for pricing

      Three Land Parcels For Sale

      Three adjacent land parcels totaling 1.14 acres for sale.
      816 126Th St, Everett, WA 98208
      View Details
    • Contact for pricing

      Silverlake Development Opportunity

      0.48 acre lot in Silverlake/Murphy's Corner area.
      1409 132Nd St SE, Everett, WA 98208
      View Details

    Similar Nearby for Lease

    • $1,180 /Mo
      833 SF

      Commercial Space Available For Rent

      Commercial space available for rent, 833 square feet.
      1910 120Th Pl SE, Everett, WA 98208
      View Details
    • $3,008 /Mo
      11,424 SF

      Everett Office Space For Lease

      Office building with secured parking and EV charging stations.
      729 100Th St SW, Everett, WA 98208
      View Details
    • $3,255 /Mo
      1,116 SF

      Retail/Office Space in Silver Firs

      Retail or office space in Safeway anchored neighborhood center.
      5714 134Th Pl SE, Everett, WA 98208
      View Details
    • $895 /Mo
      490 SF

      Corner Office Space Available

      Upper floor office space suitable for professionals and businesses.
      1720 100Th Pl SE, Everett, WA 98208
      View Details
    • Contact for pricing
      2,999 SF

      Retail Space Available For Rent

      Retail space available for lease in Everett, Washington.
      1519 132Nd St SE, Everett, WA 98208
      View Details
    • Contact for pricing

      Freestanding Corner Retail Space

      Former drugstore available for lease on a prominent corner.
      11014 19Th Ave SE, Everett, WA 98208
      View Details
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    Everett, WA 98208-5101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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