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Property profile & analytics
OFF-MARKET
Estimated value
$14,395,000
Apartment buildings
2232 12th St Everett, WA 98201-1887
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0662651
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1986
Construction
WOOD
Total area
14,460 SF
Lot
2.06 ac (89,734 SF)
Zoning code
FR
APN
29051700213300
UPID
US90-0662651
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
-
Sarah Kelley LLC Service Establishment Apartment Complex
-
Parc on 12th Apartment Complex Apartment Building
-
Cascadian Apartments Apartment Building Apartments
-
Woo Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.23M
Blend (final)
Blend
$14.40M
Owner & transaction history
Als Cascadian Owner LLC · 5 yrs held
Als Cascadian Owner LLC
since 2021
Last sale
$19.1M
6 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
$10,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.40M
Range $12.96M – $15.83M · ±10% · vs last sale $19.08M (Jun 17 2021)
Last sale anchor
$19.08M
Jun 17 2021
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
$996 / 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
$149,650
Tax year 2023
Assessed value
$18,224,000
Assessed 2023
Previous assessed
$15,444,000
+18.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,531,000
Assessed improvement
$16,693,000
Land market value
$1,531,000
Improvement market value
$16,693,000
Total market value
$18,224,000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
7
Stories
3
Bathrooms
125
Total area
14,460 SF
Lot
2.06 ac (89,734 SF)
Zoning code
FR
APN
29051700213300
UPID
US90-0662651
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
7
Bathrooms
125
Lot
2.06 ac
Current owner
From public records · entity-resolved
Als Cascadian Owner LLC
Entity
Mailing address
1518 1ST AVE S STE #500, SEATTLE, WA 98134-1456
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2024
—
Als Cascadian Owner LLC
—
Deed
related
$15,000,000 · Aetna Life Insurance Co
Jun 17, 2021
$19,083,275
Als Cascadian Owner LLC
Cascadian Associates LLC
Special Warranty Deed
$15,406,000 · Fs Creit Originator LLC
May 24, 2021
—
Cascadian Associates LLC
Everett Land Associates
Quit Claim Deed
related
—
Jun 21, 2017
—
Cascadian Associates LLC
Cascadian Associates
Quit Claim Deed
related
$4,500,000 · Boeing Emps Cu
May 11, 2005
—
Cascadian Associates
Everett Land Associates
Quit Claim Deed
related
$3,100,000 · Citibank Fsb
—
—
Cascadian Associates
—
Deed Of Trust
related
$3,347,500 · California Federal 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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