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Property profile & analytics
OFF-MARKET
Apartment buildings
120 Everett Mall Way Everett, WA 98208-3204
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3272585
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1986
Construction
WOOD
Total area
62,240 SF
Lot
9.39 ac (409,028 SF)
Zoning code
FP
APN
28042400100100
UPID
US90-3272585
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
-
Musical Expressions (Bike/Boat/Book/etc) Store Music Venue
-
Nor Pac Homes Construction Company General Contractor
-
Energime Renewable Energy Production Facility
-
Sea Pac Homes Construction Company General Contractor
-
Moore Papers LLC (Notary/Copy/Print Services) Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sreit Fulton S Crossing LLC · 4 yrs held
Sreit Fulton S Crossing LLC
since 2021
Last sale
$198.6M
7 recorded transactions
Zoning & alternative use
FP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$412,046
Tax year 2023
Assessed value
$54,650,600
Assessed 2023
Previous assessed
$43,497,000
+25.6% YoY
Effective rate
0.75%
On assessed value
Assessed land
$10,321,500
Assessed improvement
$44,329,100
Land market value
$10,321,500
Improvement market value
$44,329,100
Total market value
$54,650,600
Applied tax rate
57.0000
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
1986
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
5
Stories
2
Units
64
Rooms
512
Bathrooms
336
Total area
62,240 SF
Lot
9.39 ac (409,028 SF)
Zoning code
FP
APN
28042400100100
UPID
US90-3272585
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FP · Everett, WA
Zoning FP · permitted uses
FP · 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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
5
Units
64
Rooms
512
Bathrooms
336
Lot
9.39 ac
Current owner
From public records · entity-resolved
Sreit Fulton S Crossing 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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2021
$198,603,000
Sreit Fulton S Crossing LLC
Strata Fulton LLC
Special Warranty Deed
—
May 2, 2019
—
Strata Fulton LLC
—
Grant Deed
related
$13,558,000 · Cbre Cap Markets
Oct 17, 2012
$4,360,941
Ergs Xv Reo Owner LLC
Gre Fultons Holdings LLC
Special Warranty Deed
$35,000,000 · Cbre Capital Markets INC
Feb 27, 2009
—
Gre Fultons Holdings LLC
Gre Fultons Crossing LLC
Quit Claim Deed
related
—
Jan 6, 2005
$19,130,742
Gre Fultons Crossing LLC
Fultons Crossing Apts LLC
Grant Deed
related
—
Dec 23, 1998
$15,100,000
Fultons Crossing Apartment LLC
Pacific Gulf Properties INC
Grant Deed
$10,854,000 · Washington Capital Dus
Nov 17, 1993
—
Santa Anita Realty Ent INC
Sarefim Ventures
Grant Deed
related
—
Dec 1, 1989
$11,375,300
Safefim Ventures
Unknown
Grant Deed
—
Nov 2, 1989
$60,000
Robert A Hild
Scott,david L
Grant Deed
$40,000 · Scott David L
Nov 30, 1988
$63,500
Steven M Hertz
Hemeke,verle F
Grant Deed
$57,300 · Hemeke Verle F
—
—
Gre Fultons Crossing LLC
—
Deed Of Trust
related
$24,000,000 · Bank Of America
—
—
Fultons Crossing Apartments Ll
—
Deed Of Trust
related
$1,585,000 · Capri Capital Finance 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.
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