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Property profile & analytics
OFF-MARKET
Estimated value
$44,305,000
Apartment buildings
12132 Hwy 99 Everett, WA 98204
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-3282879
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2016
Construction
WOOD
Total area
319,679 SF
Lot
8.79 ac (382,892 SF)
Zoning code
SJ
APN
380900300600
UPID
US90-3282879
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.31M
Owner & transaction history
Axis Apartments LLC · 11 yrs held
Axis Apartments LLC
since 2014
7 recorded transactions
Zoning & alternative use
SJ · 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
$139 / 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
$31,249
Tax year 2023
Assessed value
$55,193,200
Assessed 2023
Previous assessed
$46,347,800
+19.1% YoY
Effective rate
0.06%
On assessed value
Assessed land
$6,634,200
Assessed improvement
$48,559,000
Land market value
$6,634,200
Improvement market value
$48,559,000
Total market value
$55,193,200
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
2016
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
319,679 SF
Lot
8.79 ac (382,892 SF)
Zoning code
SJ
APN
380900300600
UPID
US90-3282879
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SJ · Everett, WA
Zoning SJ · permitted uses
SJ · 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
2016
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
8.79 ac
Current owner
From public records · entity-resolved
Axis Apartments LLC
Entity
Mailing address
10900 NE 8TH ST STE #1200, BELLEVUE, WA 98004-4460
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2014
—
Axis Apartments LLC
Axis Manager LLC
Quit Claim Deed
related
$41,500,000 · Citibank NA
Aug 29, 2014
$825,000
Axis Manager LLC
Top Properties 4 LLC
Grant Deed
—
Dec 12, 2012
—
Top Properties 4 LLC
Top Properties LLC
Quit Claim Deed
related
—
Dec 11, 2012
—
Top Properties LLC
Pacific Intl Bk
Quit Claim Deed
related
—
Aug 29, 2011
—
Intl Bk Pacific
Jrp Investment LLC
Deed In Lieu Of Foreclosure
related
—
Apr 29, 2008
$610,280
Jrp Investment LLC
Lucky Investment LLC
Quit Claim Deed
related
$1,220,000 · Pacific International Bank
Oct 13, 2006
$2,200,000
Lucky Investment LLC
Lee,ming Y W
Warranty Deed
$1,450,000 · Investment Property Exchange
Jun 3, 1997
$580,000
Ming Yang
Graafstra,dirk & Frances
Grant Deed
$290,000 · Pugent Sound Exchange/facilita
—
—
Jrp Investment LLC
—
Deed Of Trust
related
$26,000 · Pacific International 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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