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Property profile & analytics
OFF-MARKET
Apartment buildings
18727 Blueberry Ln, Monroe, WA 98272-1436
Entity Owned
Free & Clear
Property ID
US90-2233509
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2018
Construction
WOOD
Total area
12,264 SF
Lot
10.33 ac (449,975 SF)
Zoning code
O1
APN
27060100206000
UPID
US90-2233509
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
-
Ferro Painting LLC Painting Service General Contractor
-
MimicMade Artist
-
The Lake Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
18727 Blueberry LLC
18727 Blueberry LLC
since 2026
Last sale
$37.0M
7 recorded transactions
Zoning & alternative use
O1 · Monroe, 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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
—
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
$143,726
Tax year 2023
Assessed value
$19,300,000
Assessed 2023
Previous assessed
$11,870,000
+62.6% YoY
Effective rate
0.74%
On assessed value
Assessed land
$3,842,100
Assessed improvement
$15,457,900
Land market value
$3,842,100
Improvement market value
$15,457,900
Total market value
$19,300,000
Applied tax rate
530.0000
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
Buildings
4
Stories
3
Total area
12,264 SF
Lot
10.33 ac (449,975 SF)
Zoning code
O1
APN
27060100206000
UPID
US90-2233509
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O1 · Monroe, WA
Zoning O1 · permitted uses
O1 · Monroe, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
4
Lot
10.33 ac
Current owner
From public records · entity-resolved
18727 Blueberry LLC
Entity
Free & Clear · 0 yrs held
Mailing address
636 120TH AVE NE STE A200, BELLEVUE, WA 98005-3028
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
$313
18727 Blueberry LLC
Lake Apartments LLC
Deed
—
Feb 6, 2026
$37,000,000
18727 Blueberry LLC
Lake Apartments LLC
Warranty Deed
$89,000,000 · Same Investment Co LLC
Oct 18, 2021
—
Lake Apartments LLC
—
Deed
related
$18,237,379 · Same Investment Co LLC
May 24, 2019
—
Lake Apartments LLC
Same Inv Co LLC
Quit Claim Deed
related
—
May 31, 2012
$579,636
Same Investment Co LLC
Nickerson Street Associates Ll
Grant Deed
—
Sep 28, 2010
—
Nickerson Street Assocs LLC
Krohn Gary
Trustees Deed
related
—
Sep 19, 2002
—
Michael R Mastro
Wood,pete
Quit Claim Deed
related
—
Oct 7, 1998
$165,000
Pete Wood
Mastro,michael R
Quit Claim Deed
related
$125,000 · Individual
Jun 25, 1998
—
Michael R Mastro
Wood,pete
Quit Claim Deed
related
—
Aug 6, 1997
—
Michael R Mastro
—
Deed Of Trust
related
$3,795,000 · Frontier Bank
Jul 1, 1990
$1,912,578
M SR Mastrow
Unknown
Grant Deed
—
—
—
Michael R Mastro
—
Deed Of Trust
related
$1,100,000 · Viking Bank
—
—
Michael R Mastro
—
Deed Of Trust
related
$10,000,000 · Terry Durst
—
—
Michael R Mastro
—
Deed Of Trust
related
$750,000 · Olympic Coast Investment INC
—
—
Michael R Mastro
—
Deed Of Trust
related
$30,000 · Durst Trust
—
—
Michael R Mastro
—
Deed Of Trust
related
$250,000 · Viking Bank
—
—
Pete Wood
—
Deed Of Trust
related
$495,000 · Alaska Distributors Co Pst
—
—
Pete Wood
—
Deed Of Trust
related
$300,000 · Olympic Coast Investment INC
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
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