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Property profile & analytics
OFF-MARKET
Estimated value
$40,960,000
Apartment buildings
2020 Lk Hts Dr Everett, WA 98208-6011
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0047248
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1989
Construction
WOOD
Total area
180,461 SF
Lot
9.18 ac (399,881 SF)
Zoning code
R-3
APN
28052900202400
UPID
US90-0047248
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
-
Waterford Apartments R Building Apartment Building
-
Waterford Apartments Real Estate Agency
-
Alliancedean Electronics & Wireless Store
-
Braack Financials Accounting Firm Tax Preparation
-
1StopSol Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$41.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40.96M
Owner & transaction history
Waterdford Apartments Aspen LLC · 9 yrs held
Waterdford Apartments Aspen LLC
since 2016
7 recorded transactions
Zoning & alternative use
R-3 · 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%
$44,545,000
6.5%
$41,120,000
7%
$38,180,000
Blend value · Realmo final
$40.96M
Range $36.86M – $45.06M · ±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
$227 / 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
$385,281
Tax year 2023
Assessed value
$48,000,000
Assessed 2023
Previous assessed
$45,000,000
+6.7% YoY
Effective rate
0.80%
On assessed value
Assessed land
$9,307,200
Assessed improvement
$38,692,800
Land market value
$9,307,200
Improvement market value
$38,692,800
Total market value
$48,000,000
Applied tax rate
56.0000
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
1989
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
180,461 SF
Lot
9.18 ac (399,881 SF)
Zoning code
R-3
APN
28052900202400
UPID
US90-0047248
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Everett, WA
Zoning R-3 · permitted uses
R-3 · 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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
9.18 ac
Current owner
From public records · entity-resolved
Waterdford Apartments Aspen LLC
Entity
Mailing address
18006 SKY PARK CIR STE #200, IRVINE, CA 92614-6406
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2019
—
Waterford Apartments LLC
—
Deed
related
$34,500,000 · Mufg Union Bank NA
Oct 14, 2016
$4,304,332
Waterdford Apartments Aspen LLC
Cp III Waterford
Bargain And Sale Deed
$31,962,000 · Wells Fargo Bank NA
Feb 1, 2011
$18,083,954
Cp III Waterford LLC
Avf III Silver Lake LLC
Grant Deed
—
Oct 31, 2006
$20,940,000
Avf III Silver Lake LLC
Silver Lake Heights LLC
Special Warranty Deed
$14,700,000 · Wachovia Bank NA
Nov 20, 2002
—
Everett City (wa)
Silver Lake Heights LLC
Grant Deed
related
—
Dec 1, 1989
$9,600,000
Ernest Auerbach
Unknown
Grant Deed
—
—
—
Dale Walker
—
Deed Of Trust
related
$60,000 · University Savings Bank
—
—
Cp III Waterford LLC
—
Deed Of Trust
related
$14,800,000 · Berkadia Commercial Mortgage
—
—
Silver Lake Heights LLC
—
Deed Of Trust
related
$11,207,000 · Arcs Commercial Mortgage Co LP
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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