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Property profile & analytics
OFF-MARKET
Estimated value
$12,880,000
Apartment buildings
4500 Harbour Pointe Blvd 522, Mukilteo, WA 98275-4716
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0776988
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1998
Construction
WOOD
Total area
149,054 SF
Lot
12.15 ac (529,254 SF)
Zoning code
PCB(S)
APN
28042100104200
UPID
US90-0776988
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
-
nsassa IT services Tech Support Center (Bike/Boat/Book/etc) Store
-
ula nero art Artist
-
Carvel Apartments Buildings 9-10 Apartment Complex
-
Carvel Harbour Pointe Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.88M
Owner & transaction history
Housing Authority Of Snohomish · 7 yrs held
Housing Authority Of Snohomish
since 2018
4 recorded transactions
Zoning & alternative use
PCB(S) · Mukilteo, 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 Mukilteo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mukilteo 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
$86 / 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
Assessed value
$75,720,000
Assessed 2023
Previous assessed
$54,086,000
+40.0% YoY
Assessed land
$10,866,700
Assessed improvement
$64,853,300
Land market value
$10,866,700
Improvement market value
$64,853,300
Total market value
$75,720,000
Applied tax rate
667.0000
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
1998
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
149,054 SF
Lot
12.15 ac (529,254 SF)
Zoning code
PCB(S)
APN
28042100104200
UPID
US90-0776988
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PCB(S) · Mukilteo, WA
Zoning PCB(S) · permitted uses
PCB(S) · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mukilteo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
12.15 ac
Current owner
From public records · entity-resolved
Housing Authority Of Snohomish
Entity
Mailing address
12711 4TH AVE W, EVERETT, WA 98204-5783
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2018
$69,250,000
Housing Authority Of Snohomish
Kw Fund V Harbour Pointe LLC
Trustees Deed
$70,000,000 · Key Government Finance INC
Feb 29, 2016
$46,329,658
Kw Fund V-harbour Pointe LLC
Svf Harbour Pointe Mukilteo Ll
Grant Deed
$30,225,000 · Cbre Cap Markets
Feb 27, 2008
$40,741,434
Svf Harbour Pointe Mukilteo Ll
Tishman Speyer Archstone-smith
Grant Deed
—
Oct 16, 2007
$34,269
Tishman Speyer Archstone Smith Harb
Archstone Smith Operating Trust
Bargain And Sale Deed
$27,625 · Bank Of America NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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