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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Apartment buildings
18111 25th NE Ave Marysville, WA 98271-4796
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0667899
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2002
Construction
WOOD
Total area
13,949 SF
Lot
20.45 ac (890,802 SF)
Zoning code
R12 MFL
APN
31052000101800
UPID
US90-0667899
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
-
Bulwark Exterminating Garden Center
-
Carroll's Creek Landing Townhomes Loan Service
-
Bipolar 1 Mama Typing Service
-
J Park Park
-
Lingenfelter Skincare Llc (LSC.Llc) Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Carrolls Creek Apartments Property · 8 yrs held
Carrolls Creek Apartments Property
since 2017
7 recorded transactions
Zoning & alternative use
R12 MFL · 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
$105 / 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
$597,140
Tax year 2023
Assessed value
$75,184,500
Assessed 2023
Previous assessed
$70,929,000
+6.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$12,160,200
Assessed improvement
$63,024,300
Land market value
$12,160,200
Improvement market value
$63,024,300
Total market value
$75,184,500
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
2002
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
13
Stories
2
Units
10
Rooms
92
Total area
13,949 SF
Lot
20.45 ac (890,802 SF)
Zoning code
R12 MFL
APN
31052000101800
UPID
US90-0667899
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R12 MFL · Marysville, WA
Zoning R12 MFL · permitted uses
R12 MFL · 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
2002
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
13
Units
10
Rooms
92
Lot
20.45 ac
Current owner
From public records · entity-resolved
Carrolls Creek Apartments Property
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2017
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
Aug 1, 2017
$60,453,772
Carrolls Creek Apartments Property
Gateway Trident LLC
Special Warranty Deed
$50,058,000 · Berkadia Commercial Mortgage LLC
Dec 29, 2000
$6,841,942
Gateway Trident LLC
Smokey Pointe Acquisition LLC
Grant Deed
$27,750,000 · Bank Of America
Oct 8, 1999
$6,100
Gateway Everett LLC
Smokey Point Group I LLC
Trustees Deed
$700,000 · Seller
Oct 8, 1999
—
Gateway Everett LLC
—
Deed Of Trust
related
$2,810,000 · Newman Financial Services INC
May 18, 1999
$1,500,000
Smokey Point Group LLC
Faucett,jack & Mary
Grant Deed
$3,100,000 · Base Capital LLC
—
—
Gateway Trident LLC
—
Deed Of Trust
related
$29,000 · Arbor Commercial Mortgage LLC
—
—
Gateway Trident LLC
—
Deed Of Trust
related
$290,000 · Us Bank NA Series 2002-3 (te)
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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