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Property profile & analytics
OFF-MARKET
Estimated value
$13,425,000
Apartment buildings
13020 Meridian S Ave Everett, WA 98208-6468
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1352378
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2018
Construction
WOOD
Total area
59,576 SF
Lot
1.71 ac (74,488 SF)
Zoning code
UC
APN
28042500403100
UPID
US90-1352378
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
-
Swedish Emergency Room Mill Creek Hospital
-
Swedish Mill Creek Allergy & Immunology Medical Clinic
-
ATI Physical Therapy Medical Clinic
-
Swedish Primary Care - Mill Creek Medical Clinic
-
Swedish Medical Imaging - Mill Creek Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.43M
Owner & transaction history
Puget Park LLC · 9 yrs held
Puget Park LLC
since 2016
4 recorded transactions
Zoning & alternative use
UC · 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%
$14,705,000
6.5%
$13,575,000
7%
$12,605,000
Blend value · Realmo final
$13.43M
Range $12.08M – $14.77M · ±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
$225 / 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
$2,566
Tax year 2023
Assessed value
$15,563,400
Assessed 2023
Previous assessed
$14,720,000
+5.7% YoY
Effective rate
0.02%
On assessed value
Assessed land
$1,796,800
Assessed improvement
$13,766,600
Land market value
$1,796,800
Improvement market value
$13,766,600
Total market value
$15,563,400
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
2018
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
4
Total area
59,576 SF
Lot
1.71 ac (74,488 SF)
Zoning code
UC
APN
28042500403100
UPID
US90-1352378
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Everett, WA
Zoning UC · permitted uses
UC · 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
2018
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Lot
1.71 ac
Current owner
From public records · entity-resolved
Puget Park LLC
Entity
Mailing address
10900 NE 8TH ST STE #1200, BELLEVUE, WA 98004-4460
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
—
Everett 13020 Mp Wrk7 LLC
—
Deed
related
$332,182,500 · Citibank NA
Oct 25, 2019
—
Puget Park LLC
—
Loan Modification
related
$42,200,000 · Miscellaneous Ins Co
Dec 21, 2016
—
Puget Park LLC
Puget Park Manager LLC
Quit Claim Deed
$54,512,963 · Keybank USA
Aug 15, 2016
$6,070,000
Puget Park Manager LLC
Sterling Theatres Co
Grant Deed
$4,500,000 · Private Individual
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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