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Property profile & analytics
OFF-MARKET
Estimated value
$53,140,000
Apartment buildings
12102 4th W Ave Everett, WA 98204-5713
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1203768
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1990
Construction
WOOD
Total area
301,746 SF
Lot
8.93 ac (388,991 SF)
Zoning code
MR
APN
373800400106
UPID
US90-1203768
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
-
Alister Parx Apartment Rental Agency Apartment Building
-
Credit Fix MD Financial Advisor
-
Jackie Sweet Cakes Specialty Food Shop Candy Store
-
Liaan Glass General Contractor Renovation Specialist
-
LG PAINTING AND HOUSE CLEANING LLC Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$68.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$53.14M
Owner & transaction history
12102 4th Ave W Apts Owner LLC · 7 yrs held
12102 4th Ave W Apts Owner LLC
since 2019
7 recorded transactions
Zoning & alternative use
MR · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$74,485,000
6.5%
$68,755,000
7%
$63,845,000
Blend value · Realmo final
$53.14M
Range $47.83M – $58.45M · ±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
$176 / 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
$627,831
Tax year 2023
Assessed value
$76,550,800
Assessed 2023
Previous assessed
$71,841,000
+6.6% YoY
Effective rate
0.82%
On assessed value
Assessed land
$5,837,600
Assessed improvement
$70,713,200
Land market value
$5,837,600
Improvement market value
$70,713,200
Total market value
$76,550,800
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
3
Stories
3
Units
311
Rooms
311
Total area
301,746 SF
Lot
8.93 ac (388,991 SF)
Zoning code
MR
APN
373800400106
UPID
US90-1203768
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR · Everett, WA
Zoning MR · permitted uses
MR · 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
3
Units
311
Rooms
311
Lot
8.93 ac
Current owner
From public records · entity-resolved
12102 4th Ave W Apts Owner LLC
Entity
Mailing address
500 E BROWARD BLVD STE #1130, FORT LAUDERDALE, FL 33394-3022
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Apr 18, 2019
$76,000,000
12102 4th Ave W Apts Owner LLC
Fairfield Crystal Cove LLC
Trustees Deed
$72,380,000 · Cbre Cap Markets
Sep 30, 2016
—
Fairfield Crystal Cove LLC
—
Deed
related
$13,362,000 · Cbre Cap Markets
Sep 25, 2013
$41,300,000
Fairfield Crystal Cove LLC
Bvf Crystal Cove LLC
Bargain And Sale Deed
$28,431,000 · Cbre Capital Markets INC
Oct 2, 2006
$33,500,000
Bvf Crystal Cove LLC
Fund Viii Cc Everett LLC
Warranty Deed
$28,000,000 · Deutsche Bank Berkshire Mortgage In
Oct 4, 2004
$22,576,659
Fund Viii Viii Everett LLC
Legacy Partners Mariner Cove L
Grant Deed
related
$15,500,000 · Berkshire Mortgage Finance Co
Jul 29, 1998
$1,136,800
Lincoln Mariner Cove LLC
Paulus,werner K
Trustees Deed
—
Jul 29, 1998
$1,742,430
Lincoln Mariner Cove LLC
Peterson,george
Trustees Deed
—
May 6, 1998
—
Campus Grove LLC
Born,lloyd W
Grant Deed
related
—
Feb 23, 1998
—
Lloyd W Born
Polygon Apartment Partners
Grant Deed
related
—
Jul 11, 1997
$7,175,459
Polygon 2000 INC
Mariner Cove Associates LP
Grant Deed
—
Apr 1, 1990
$7,170,146
—
—
Grant Deed
related
—
—
—
Fairfield Crystal Cove LLC
—
Deed Of Trust
related
$13,362,000 · Cbre Cap Markets
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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