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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Assisted living facilities
2204 12th St Everett, WA 98201-1807
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0781446
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1980
Construction
WOOD
Total area
61,152 SF
Lot
1.94 ac (84,506 SF)
Zoning code
FR
APN
29051700212400
UPID
US90-0781446
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
-
Everett Plaza Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.24M
Owner & transaction history
Everett Plaza Assisted Living · 19 yrs held
Everett Plaza Assisted Living
since 2006
7 recorded transactions
Zoning & alternative use
FR · 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
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$20 / 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
$56,263
Tax year 2023
Assessed value
$6,851,600
Assessed 2023
Previous assessed
$6,700,000
+2.3% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,452,600
Assessed improvement
$5,399,000
Land market value
$1,452,600
Improvement market value
$5,399,000
Total market value
$6,851,600
Applied tax rate
10.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
61,152 SF
Lot
1.94 ac (84,506 SF)
Zoning code
FR
APN
29051700212400
UPID
US90-0781446
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FR · Everett, WA
Zoning FR · permitted uses
FR · 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
1980
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
Everett Plaza Assisted Living
Individual
Mailing address
7900 SE 28TH ST STE #416, MERCER ISLAND, WA 98040-2970
Ownership since
2006
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
May 17, 2022
—
Everett Plaza Assisted Living Cmnty
—
Deed
related
$5,909,900 · M&t Realty Capital Corporation
May 7, 2019
—
Everett Plz Assisted Living Cm
—
Deed
related
$2,700,000 · Columbia St Bk
Nov 22, 2006
$2,350,000
Everett Plaza Assisted Living
Sound Class Assets LLC
Warranty Deed
$2,542,000 · Imperial Capital Bank
May 20, 2003
—
Sound Class Assets LLC
Everett Retirement Apartments
Quit Claim Deed
related
$5,166,000 · Bank Of America
Jul 1, 1988
$2,600,000
Everett Retirement Apts
Unknown
Grant Deed
$2,548,000 · Svgs Bk-puget So
—
—
Everett Plz Assisted Living Cm
—
Loan Modification
related
$2,700,000 · Columbia St Bk
—
—
Everett Plaza Assisted Living
—
Deed Of Trust
related
$3,100,000 · Columbia State Bank
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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