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Property profile & analytics
OFF-MARKET
Estimated value
$28,625,000
Apartment buildings
17409 19th NE Ave, Marysville, WA 98271
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1787521
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2018
Construction
WOOD
Total area
204,258 SF
Lot
9.43 ac (410,771 SF)
Zoning code
MU
APN
31052000302300
UPID
US90-1787521
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.63M
Owner & transaction history
Smokey Point Apartments LLC · 3 yrs held
Smokey Point Apartments LLC
since 2023
7 recorded transactions
Zoning & alternative use
MU · Marysville, 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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
$140 / 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
$378,193
Tax year 2023
Assessed value
$47,617,000
Assessed 2023
Previous assessed
$42,390,800
+12.3% YoY
Effective rate
0.79%
On assessed value
Assessed land
$5,340,800
Assessed improvement
$42,276,200
Land market value
$5,340,800
Improvement market value
$42,276,200
Total market value
$47,617,000
Applied tax rate
514.0000
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
CENTRAL
Stories
3
Rooms
5
Bathrooms
1
Total area
204,258 SF
Lot
9.43 ac (410,771 SF)
Zoning code
MU
APN
31052000302300
UPID
US90-1787521
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · Marysville, WA
Zoning MU · permitted uses
MU · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Rooms
5
Bathrooms
1
Lot
9.43 ac
Current owner
From public records · entity-resolved
Smokey Point Apartments LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
Smokey Point Apartments LLC
—
Deed
related
$149,269 · Walker & Dunlop LLC
Jun 29, 2023
—
Smokey Point Apartments LLC
Smokey Point Apartments III LLC
Special Warranty Deed
—
Oct 25, 2019
—
Smokey Pt Apts III LLC
—
Grant Deed
related
$38,330,000 · Walker & Dunlop
Aug 21, 2017
—
Smokey Point Apartments III LLC
—
Deed
related
—
Jul 14, 2017
$2,275,000
Smokey Pt Apartments III LLC
Shaw Shirley J
Grant Deed
—
Jun 3, 2016
—
Shirley J Shaw
Shaw Robert A
Quit Claim Deed
related
—
Oct 1, 1988
$100,000
Clifford Bjorn
Unknown
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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