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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Apartment buildings
1225 183rd SE St Bothell, WA 98012-7495
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1556618
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2012
Construction
WOOD
Total area
23,425 SF
Lot
20.07 ac (874,249 SF)
Zoning code
MR
APN
27051800104800
UPID
US90-1556618
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
-
Bailey Farm Apartment Building Apartment Complex
-
Fencify Construction Company
-
Bothell roofing sol Roofing Company General Contractor
-
ZTT construction Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Bailey Farm Holdings LLC · 7 yrs held
Bailey Farm Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
MR · Bothell, 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 Bothell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bothell 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
$95 / 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
$1,058,898
Tax year 2023
Assessed value
$122,050,000
Assessed 2023
Previous assessed
$117,000,000
+4.3% YoY
Effective rate
0.87%
On assessed value
Assessed land
$18,440,900
Assessed improvement
$103,609,100
Land market value
$18,440,900
Improvement market value
$103,609,100
Total market value
$122,050,000
Applied tax rate
3,045.0000
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
2012
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
16
Stories
3
Rooms
4
Bathrooms
1
Total area
23,425 SF
Lot
20.07 ac (874,249 SF)
Zoning code
MR
APN
27051800104800
UPID
US90-1556618
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR · Bothell, WA
Zoning MR · permitted uses
MR · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bothell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
16
Rooms
4
Bathrooms
1
Lot
20.07 ac
Current owner
From public records · entity-resolved
Bailey Farm Holdings LLC
Entity
Mailing address
2001 ROSS AVE STE #2800, DALLAS, TX 75201-2930
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2019
—
Bailey Farm Holdings LLC
—
Deed
related
$62,400,000 · Miscellaneous Ins Co
Feb 22, 2019
$113,500,000
Bailey Farm Holdings LLC
Bailey Farm Owner LLC
Grant Deed
—
Mar 14, 2014
$91,300,000
Bailey Farm Owner LLC
Bothell Bailey Farm Dev LLC
Grant Deed
$45,750,000 · Prudential Insurance Co Americ
Apr 5, 2012
—
Bothell Bailey Farm Dev LLC
—
Grant Deed
related
$35,000,000 · Pnc Bank
Jun 24, 2003
$2,300,449
Baileys Farm LLC
Bailey,tr
Grant Deed
related
$1,500,000 · Bank Of Washington
—
—
Baileys Farm LLC
—
Deed Of Trust
related
—
—
—
Baileys Farm LLC
—
Deed Of Trust
related
$2,100,000 · Banner Bank
—
—
Bailey Farm Holdings LLC
—
Deed Of Trust
related
$62,400,000 · Miscellaneous Ins Co
—
—
Baileys Farm LLC
—
Deed Of Trust
related
$290,000 · Puget Sound 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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