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Property profile & analytics
OFF-MARKET
Estimated value
$36,935,000
Apartment buildings
11812 Gibson Rd Everett, WA 98204-8691
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3280220
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1990
Construction
WOOD
Total area
164,100 SF
Lot
4.92 ac (214,315 SF)
Zoning code
SI
APN
373800600100
UPID
US90-3280220
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
-
Saratoga Apartment Building Apartment Complex
-
SUPERSTAR CLEANING House Cleaning Everett Hardware & Home Improvement
-
Just1Man Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.39M
Comparable Approach
Comparable
$38.88M
Blend (final)
Blend
$36.94M
Owner & transaction history
Sreit Saratoga LLC · 4 yrs held
Sreit Saratoga LLC
since 2021
Last sale
$34.8M
7 recorded transactions
Zoning & alternative use
SI · 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
$38,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$40,505,000
6.5%
$37,390,000
7%
$34,720,000
Blend value · Realmo final
$36.94M
Range $33.24M – $40.63M · ±10% · vs last sale $34.76M (Dec 10 2021)
Last sale anchor
$34.76M
Dec 10 2021
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
$225 / 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
$151,403
Tax year 2023
Assessed value
$17,751,200
Assessed 2023
Previous assessed
$23,005,000
-22.8% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,683,300
Assessed improvement
$14,067,900
Land market value
$3,683,300
Improvement market value
$14,067,900
Total market value
$17,751,200
Applied tax rate
2,310.0000
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
1990
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
3
Total area
164,100 SF
Lot
4.92 ac (214,315 SF)
Zoning code
SI
APN
373800600100
UPID
US90-3280220
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SI · Everett, WA
Zoning SI · permitted uses
SI · 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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
4.92 ac
Current owner
From public records · entity-resolved
Sreit Saratoga LLC
Entity
Mailing address
200 E BROWARD BLVD #1410, FT LAUDERDALE, FL 33301-1963
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2026
—
Sreit Saratoga LLC
—
Deed
related
$15,800,000 · Walker & Dunlop LLC
Dec 10, 2021
$34,761,655
Sreit Saratoga LLC
Strata Saratoga LLC
Special Warranty Deed
—
May 2, 2019
—
Strata Saratoga LLC
—
Deed
related
$3,306,000 · Cbre Cap Markets
Oct 2, 2015
$16,000,000
Strata Saratoga LLC
Ergs Vi Reo Owner LLC
Grant Deed
$11,015,000 · Cbre Cap Markets
Jun 20, 2012
$10,200,000
Ergs Vi Reo Owner LLC
Holland Holdings II Forest Par
Grant Deed
$7,313,000 · Deutche Bank 2012-k708 (te)
Sep 23, 2005
$7,490,000
Holdings Pk Ll Holland II
Jl-washington Properties LLC
Warranty Deed
$7,000,000 · Gmac Commercial Mortgage Corp
Sep 23, 2005
—
Aos Dev INC
Jl-washington Properties LLC
Warranty Deed
—
Dec 9, 2002
—
Jl-washington Properties LLC
Jonathans Landing LLC
Grant Deed
$61,000,000 · Greenwich Capital Fin'l Produc
Jan 30, 1998
$6,400,000
Johnathan Landing LLC
Trinity Partnership
Grant Deed
—
May 1, 1989
$810,000
Ptnshp Trinity
Unknown
Grant Deed
$3,896,100 · Pacific First Fsb
—
—
Steven R Woellhof
—
Deed Of Trust
related
$129,600 · Advanced Automated Mortgage
—
—
Strata Saratoga LLC
—
Deed Of Trust
related
$3,306,000 · Cbre Cap Markets
—
—
Jonathans Landing LLC
—
Deed Of Trust
related
$89,500 · Salomon Brothers Realty Corp
—
—
Trinity Partnership
—
Deed Of Trust
related
$3,500,000 · Washington Mutual Fsb
—
—
Holdings Pk Ll Holland II
—
Deed Of Trust
related
$2,717,000 · Capmark 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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