Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$28,505,000
Apartment buildings
12522 8th W Ave Everett, WA 98204-1849
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1301880
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2000
Construction
WOOD
Total area
142,128 SF
Lot
6.02 ac (262,231 SF)
Zoning code
SK
APN
373800500200
UPID
US90-1301880
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
-
North Way Trucking Trucking Company
-
Sunrise Lane Apartment Homes Apartment Building Apartment Complex
-
Ecoliffe (Bike/Boat/Book/etc) Store Specialty Food Shop
-
HENGA Cloud Consultancy Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.51M
Owner & transaction history
Sunrise Lane Everett LLC · 1 yrs held
Sunrise Lane Everett LLC
since 2025
Last sale
$35.1M
6 recorded transactions
Zoning & alternative use
SK · 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%
$35,085,000
6.5%
$32,385,000
7%
$30,070,000
Blend value · Realmo final
$28.51M
Range $25.65M – $31.36M · ±10% · vs last sale $35.09M (Nov 28 2024)
Last sale anchor
$35.09M
Nov 28 2024
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
$201 / 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
$297,606
Tax year 2023
Assessed value
$36,094,100
Assessed 2023
Previous assessed
$32,619,000
+10.7% YoY
Effective rate
0.82%
On assessed value
Assessed land
$6,303,500
Assessed improvement
$29,790,600
Land market value
$6,303,500
Improvement market value
$29,790,600
Total market value
$36,094,100
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
Total area
142,128 SF
Lot
6.02 ac (262,231 SF)
Zoning code
SK
APN
373800500200
UPID
US90-1301880
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Everett, WA
Zoning SK · permitted uses
SK · 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
Lot
6.02 ac
Current owner
From public records · entity-resolved
Sunrise Lane Everett LLC
Entity
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
$35,092,250
Sunrise Lane Everett LLC
Sunrise Lane Apartments LLC
Bargain & Sale Deed
related
$25,716,000 · Greystone Servicing Company LLC
Nov 7, 2024
—
Sunrise Lane Apartments LLC
—
Deed
related
$75,000,000 · Morgan Stanley Private Bank NA
Oct 21, 2022
—
Sunrise Lane Apartments LLC
—
Deed
related
$7,804,391 · Pnc Bank NA
Oct 27, 2017
—
Sunrise Lane Apartments LLC
—
Deed
related
$9,000,000 · Pnc Bank NA
Sep 28, 2012
—
Sunrise Lane Apartments LLC
—
Deed Of Trust
related
$9,000,000 · Pnc Bank
Jun 8, 1999
$1,244,500
Gibson Road Investment Partner
Grossruck,frank J & Norman C
Grant Deed
$8,250,000 · Us 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12522 8th W Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
