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Property profile & analytics
OFF-MARKET
Apartment buildings
525 132nd SW St Everett, WA 98204-6383
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1504455
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
WOOD
Total area
55,952 SF
Lot
3.3 ac (143,748 SF)
Zoning code
UC
APN
727900000200
UPID
US90-1504455
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
-
C Baker Home Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hangar 128 Apartments LLC · 6 yrs held
Hangar 128 Apartments LLC
since 2020
Last sale
$42.8M
6 recorded transactions
Zoning & alternative use
UC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$160,779
Tax year 2023
Assessed value
$19,182,000
Assessed 2023
Previous assessed
$18,096,000
+6.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$3,461,700
Assessed improvement
$15,720,300
Land market value
$3,461,700
Improvement market value
$15,720,300
Total market value
$19,182,000
Applied tax rate
2,310.0000
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
Total area
55,952 SF
Lot
3.3 ac (143,748 SF)
Zoning code
UC
APN
727900000200
UPID
US90-1504455
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Everett, WA
Zoning UC · permitted uses
UC · 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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Lot
3.3 ac
Current owner
From public records · entity-resolved
Hangar 128 Apartments LLC
Entity
Mailing address
18006 SKY PARK CIR STE #200, IRVINE, CA 92614-6406
Ownership since
2020
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
Feb 27, 2020
—
Hangar 128 Apartments LLC
Hangar 128 Apartments LLC
Quit Claim Deed
related
$36,000,000 · Tiaa Fsb
Feb 15, 2017
$42,846,150
Hangar 128 Apartments LLC
128 Partners LLC
Special Warranty Deed
$30,975,000 · Wells Fargo Bank NA
Apr 17, 2014
$26,860,000
128 Partners LLC
Seattle Partners One LLC
Bargain And Sale Deed
$18,500,000 · Centerline Mortgage Partners INC
Apr 24, 2008
$23,600,000
Seattle Partners One LLC
Wt Cobble Hill LLC
Grant Deed
—
Dec 1, 1991
$2,800,000
Lin Enterprises
Unknown
Grant Deed
$2,240,000 · Seller
—
—
Seattle Partners One LLC
—
Deed Of Trust
related
$4,350,000 · Johnson Capital Group INC
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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