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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Apartment buildings
2129 Maltby Rd Bothell, WA 98021-7455
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0474321
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2012
Construction
WOOD
Total area
35,524 SF
Lot
13.85 ac (603,306 SF)
Zoning code
SK
APN
27052000300900
UPID
US90-0474321
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
-
JV Flooring General Contractor Renovation Specialist
-
Willow Tree Grove Apartments Apartment Complex
-
Sheló Byrossy Hair Salon Nail Salon
-
Mariachi Teroteto Seattle Music Venue Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
Willow Tree Grove I LLC · 16 yrs held
Willow Tree Grove I LLC
since 2010
7 recorded transactions
Zoning & alternative use
SK · Bothell, WA
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 Bothell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bothell 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
$97 / 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
$7,343
Tax year 2023
Assessed value
$42,920,000
Assessed 2023
Previous assessed
$36,562,000
+17.4% YoY
Effective rate
0.02%
On assessed value
Assessed land
$3,747,600
Assessed improvement
$39,172,400
Land market value
$3,747,600
Improvement market value
$39,172,400
Total market value
$42,920,000
Applied tax rate
4,129.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2012
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
10
Stories
4
Total area
35,524 SF
Lot
13.85 ac (603,306 SF)
Zoning code
SK
APN
27052000300900
UPID
US90-0474321
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Bothell, WAZoning SK · permitted uses
SK · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Permit Center | Bothell WA
Building & site characteristics
From public records
Year built
2012
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Buildings
10
Lot
13.85 ac
Current owner
From public records · entity-resolved
Willow Tree Grove I LLC
Entity
Mailing address
10900 NE 8TH ST STE #1200, BELLEVUE, WA 98004-4460
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Jun 24, 2020
—
Willow Tree Grove I LLC
—
Deed
related
$22,595,800 · Greystone Funding Company LLC
Aug 4, 2011
—
Willow Tree Grove I LLC
—
Grant Deed
related
$21,840,000 · Bank Of America
Dec 21, 2010
—
Block 24 LLC
—
Trustees Deed
related
$33,175,000 · Bank Of America
Jun 16, 2010
$2,250,000
Willow Tree Grove I LLC
Willow Tree Grove LLC
Warranty Deed
related
—
Nov 26, 2008
—
Willow Tree Grove LLC
Thrashers Corner Shopping Ctr
Quit Claim Deed
related
—
Apr 29, 2004
$550,000
Corner Shopping Cent Thrashers
Schroeder,patricia G Est
Grant Deed
—
Dec 18, 2003
$50,000
Richard T Schroeder
Schroeder,h K
Quit Claim Deed
related
—
Aug 22, 2001
—
H K Schroeder
Pigott,david
Quit Claim Deed
related
—
—
—
Willow Tree Grove I LLC
—
Deed Of Trust
$21,840,000 · Bank Of America
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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