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Property profile & analytics
OFF-MARKET
Estimated value
$178,810,000
Apartment buildings
4303 236th SW St Mountlake Terrace, WA 98043
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0661496
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
WOOD
Total area
444,231 SF
Lot
31.5 ac (1,372,140 SF)
Zoning code
SDD/R
APN
27043400201600
UPID
US90-0661496
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$185.02M
Blend (final)
Blend
$178.81M
Owner & transaction history
Taluswood Apartments Owner LLC · 4 yrs held
Taluswood Apartments Owner LLC
since 2021
Last sale
$167.7M
5 recorded transactions
Zoning & alternative use
SDD/R · Mountlake Terrace, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$230.2M
+25.3%
Auto repair, garage
$192.7M
+4.9%
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 Mountlake Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountlake Terrace 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
$194,730,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$183,715,000
Current use
RESTAURANT
$230,225,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$192,740,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$173,445,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$158,430,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$178.81M
Range $160.93M – $196.69M · ±10% · vs last sale $167.74M (Aug 30 2021)
Last sale anchor
$167.74M
Aug 30 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
$403 / 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
$981,605
Tax year 2023
Assessed value
$137,463,000
Assessed 2023
Previous assessed
$135,505,400
+1.4% YoY
Effective rate
0.71%
On assessed value
Assessed land
$25,515,100
Assessed improvement
$111,947,900
Land market value
$25,515,100
Improvement market value
$111,947,900
Total market value
$137,463,000
Applied tax rate
610.0000
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
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Units
512
Bathrooms
666
Total area
444,231 SF
Lot
31.5 ac (1,372,140 SF)
Zoning code
SDD/R
APN
27043400201600
UPID
US90-0661496
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SDD/R · Mountlake Terrace, WA
Zoning SDD/R · permitted uses
SDD/R · Mountlake Terrace, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountlake Terrace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$183.7M
RESTAURANT
Est. value
$230.2M
AUTO REPAIR, GARAGE
Est. value
$192.7M
MEDICAL BUILDING
Est. value
$173.4M
OFFICE BUILDING
Est. value
$158.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
512
Bathrooms
666
Lot
31.5 ac
Current owner
From public records · entity-resolved
Taluswood Apartments Owner LLC
Entity
Mailing address
1270 SOLDIERS FLD RD, BOSTON, MA 02135-1003
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
$167,744,000
Taluswood Apartments Owner LLC
Taluswood Owner LLC
Bargain And Sale Deed
$100,273,000 · Cbre Multifamily Capital INC
May 17, 2019
$136,070,800
Taluswood Owner LLC
Wrpv Xii Taluswood Mt LLC
Bargain And Sale Deed
$98,962,500 · Citibank NA
Aug 31, 2015
—
Wrpv Xii Taluswood Mt LLC
Crp Holland Creekside
Special Warranty Deed
$16,200,000 · Berkadia Commercial Mortgage LLC
Jun 17, 2011
$62,000,000
Crp Holland Creekside LLC
Eqr Weyer Vistas INC
Special Warranty Deed
$41,200,000 · Berkadia Commercial Mortgage LLC
Jan 1, 1989
$59,387
Real Estate Equities Jv
Unknown
Grant Deed
related
—
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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