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Property profile & analytics
OFF-MARKET
Estimated value
$8,170,000
Apartment buildings
12303 Harbour Pointe Blvd, Mukilteo, WA 98275-5202
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0349225
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1990
Construction
WOOD
Total area
89,838 SF
Lot
16.7 ac (727,452 SF)
Zoning code
MR
APN
28042800200800
UPID
US90-0349225
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
-
Building BB Apartment Building
-
On The Green at Harbour Pointe Apartments Apartment Complex Apartment Rental Agency
-
RM Housecleaner Service LLC Hardware & Home Improvement
-
Front 9 Condominium Complex
-
Seitz Aviation, LLC Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.17M
Owner & transaction history
Harbour Pointe Apartments Wa L · 10 yrs held
Harbour Pointe Apartments Wa L
since 2016
7 recorded transactions
Zoning & alternative use
MR · Mukilteo, 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 Mukilteo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mukilteo 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
$91 / 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
$685,227
Tax year 2023
Assessed value
$97,700,000
Assessed 2023
Previous assessed
$74,334,000
+31.4% YoY
Effective rate
0.70%
On assessed value
Assessed land
$12,528,000
Assessed improvement
$85,172,000
Land market value
$12,528,000
Improvement market value
$85,172,000
Total market value
$97,700,000
Applied tax rate
673.0000
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
CENTRAL
Buildings
6
Stories
3
Units
36
Rooms
210
Total area
89,838 SF
Lot
16.7 ac (727,452 SF)
Zoning code
MR
APN
28042800200800
UPID
US90-0349225
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR · Mukilteo, WA
Zoning MR · permitted uses
MR · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mukilteo. 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
6
Units
36
Rooms
210
Lot
16.7 ac
Current owner
From public records · entity-resolved
Harbour Pointe Apartments Wa L
Individual
Mailing address
701 5TH AVE STE #5700, SEATTLE, WA 98104-7014
Ownership since
2016
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
May 1, 2023
—
Harbour Pointe Apartments Wa LLC
—
Deed
related
$40,000,000 · Cbre Multifamily Capital INC
Jun 15, 2016
$65,250,000
Harbour Pointe Apartments Wa L
Sp/rga On Green LP
Grant Deed
$7,800,000 · Northmarq Cap
May 9, 2013
—
Sp/rga On The Green LP
Ppc Otghp LLC
Special Warranty Deed
$34,685,000 · Northmarq Capital LLC
Nov 19, 2012
$204,167
Federal Natl Mtg Assn Fnma
Northwest Trustee Services
Trustees Deed
related
—
May 10, 2006
—
Otghp Condo LLC
Otghp Apartment LLC
Quit Claim Deed
related
—
Nov 29, 2001
$19,919,000
Gfs Harbour Pointe LLC
Kikuchi,mitsuko
Grant Deed
$17,363,000 · Prudential Multifamily Mtg INC
Aug 9, 1994
$96,230
Uchiyama,haruhiko
Harbour Pointe A
Trustees Deed
$81,750 · Orient Corporation
Aug 9, 1994
$288,690
Ishizaka,touichiro
Harbour Pointe A
Trustees Deed
—
Oct 25, 1993
$96,230
Mochimaru,kotaro
Harbour Pointe A
Trustees Deed
$81,750 · Orient Corp
Oct 22, 1993
—
Tomitaro Iijima
Harbour Pointe A
Grant Deed
related
—
Jan 1, 1992
$285,000
Goodman Mgmt Services
Unknown
Grant Deed
—
—
—
Ppc Otghp LLC
—
Deed Of Trust
related
—
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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