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Property profile & analytics
OFF-MARKET
Estimated value
$5,370,000
Apartment buildings
711 Casino Rd Everett, WA 98204-1657
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-3053677
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1981
Construction
WOOD
Total area
61,820 SF
Lot
4.32 ac (188,179 SF)
Zoning code
R-3
APN
28041200303300
UPID
US90-3053677
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
-
Playground Family Recreation Center
-
Arterra Real Estate Agency
-
Lovecraft's Doggy Daycare Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.37M
Owner & transaction history
Cr Arterra Communities LLC · 9 yrs held
Cr Arterra Communities LLC
since 2017
7 recorded transactions
Zoning & alternative use
R-3 · 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
$87 / 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
$187,195
Tax year 2023
Assessed value
$24,232,000
Assessed 2023
Previous assessed
$22,060,000
+9.8% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,134,600
Assessed improvement
$21,097,400
Land market value
$3,134,600
Improvement market value
$21,097,400
Total market value
$24,232,000
Applied tax rate
25.0000
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
1981
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Units
120
Rooms
120
Bathrooms
120
Total area
61,820 SF
Lot
4.32 ac (188,179 SF)
Zoning code
R-3
APN
28041200303300
UPID
US90-3053677
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Everett, WA
Zoning R-3 · permitted uses
R-3 · 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
1981
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
120
Rooms
120
Bathrooms
120
Lot
4.32 ac
Current owner
From public records · entity-resolved
Cr Arterra Communities LLC
Entity
Mailing address
444 W BEECH ST STE #300, SAN DIEGO, CA 92101-2942
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
—
Cr Arterra Communities LLC
—
Deed
related
$1,381,000 · Cbre Multifamily Capital INC
Jun 29, 2017
$18,400,000
Cr Arterra Communities LLC
Tc Villas At Parker LLC
Grant Deed
$13,875,000 · Cbre Multifamily Cap
Apr 13, 2017
—
Tc Villas At Parker LLC
Holland Holdings IV Oaks 196
Grant Deed
related
—
Jan 11, 2016
$13,250,000
Tc Villas At Parker LLC
Holland Holdings IV Oaks 196 L
Grant Deed
$11,676,000 · Keybank USA
Feb 29, 2008
$11,000,000
Holland Holdings IV Oaks LLC
8530 Cedros LLC
Warranty Deed
$9,900,000 · Capmark Bank
Apr 26, 2005
$5,800,000
Autumn Oaks LLC
Gmac Coml Mtg Secs 2000-c2
Grant Deed
$5,500,000 · Rainier Pacific Bank
Aug 13, 2004
$5,100,000
Gma Coml Mtg Secs INC 2000-c2
Ordal Robert E
Trustees Deed
related
—
Oct 31, 1997
$4,300,000
Fsf Quad Associates LLC
Evergreen Properties Ltd
Grant Deed
$4,000,000 · Coastal Banc Savings Assn
—
—
Fsf Quad Associates LLC
—
Deed Of Trust
related
$5,100,000 · Deutsche Banc Mortgage Capital
—
—
Autumn Oaks LLC
—
Deed Of Trust
related
$2,000,000 · Cathay 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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