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Property profile & analytics
OFF-MARKET
Estimated value
$70,030,000
Apartment buildings
12433 Admiralty Way Everett, WA 98204-8034
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-3050375
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2000
Construction
WOOD
Total area
382,126 SF
Lot
19.29 ac (840,272 SF)
Zoning code
SI
APN
373800600800
UPID
US90-3050375
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
-
Lamor Care Medical Clinic
-
Building E Apartment Building
-
Freshest Finish Detailing Car Wash
-
Tunkara Sound and Lighting System Nightclub Music Venue
-
HighGrove Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$87.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$70.03M
Owner & transaction history
Tc Grove Owner LLC · 1 yrs held
Tc Grove Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
SI · 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%
$94,325,000
6.5%
$87,070,000
7%
$80,850,000
Blend value · Realmo final
$70.03M
Range $63.03M – $77.03M · ±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
$183 / 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
$845,989
Tax year 2023
Assessed value
$102,854,800
Assessed 2023
Previous assessed
$97,750,000
+5.2% YoY
Effective rate
0.82%
On assessed value
Assessed land
$14,322,000
Assessed improvement
$88,532,800
Land market value
$14,322,000
Improvement market value
$88,532,800
Total market value
$102,854,800
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
2000
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Units
391
Rooms
391
Total area
382,126 SF
Lot
19.29 ac (840,272 SF)
Zoning code
SI
APN
373800600800
UPID
US90-3050375
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SI · Everett, WA
Zoning SI · permitted uses
SI · 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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
391
Rooms
391
Lot
19.29 ac
Current owner
From public records · entity-resolved
Tc Grove Owner LLC
Entity
Mailing address
655 MONTGOMERY ST STE #1700, SAN FRANCISCO, CA 94111-2633
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
Tc Grove Owner LLC
Tc Grove LLC
Intrafamily Transfer
related
$72,988 · M&t Realty Capital Corporation
Aug 9, 2024
—
Jsp Grove Owner LLC
Jsp Grove LLC
Bargain And Sale Deed
—
Aug 8, 2024
—
Sc5 Grove LLC
Frg Grove LLC
Intrafamily Transfer
related
—
Jan 15, 2020
—
Tc Grove LLC
Jsp Grove LLC
Intrafamily Transfer
related
—
Mar 21, 2013
$2,084,320
Plaza LLC
Frg Grove LLC
Special Warranty Deed
—
Jan 3, 2013
$59,500,000
Frg Grove LLC
Avalon Downreit V LP
Grant Deed
$45,000,000 · M & T Realty Capital Corp
Nov 15, 2000
—
Avalon Downreit V LP
Tcr #541 Admiralty Lakes Ptshp
Grant Deed
related
—
May 28, 1998
$1,150,000
Tcr 541 Admiralty Lakes LP
Aries Investment Corp
Grant Deed
—
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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