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Property profile & analytics
OFF-MARKET
Estimated value
$33,540,000
Apartment buildings
7980 200th NE St Arlington, WA 98223-7463
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1193666
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1991
Construction
WOOD
Total area
107,076 SF
Lot
9.84 ac (428,630 SF)
Zoning code
RHD
APN
31051400102300
UPID
US90-1193666
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
$33.54M
CAP Approach
CAP
$24.64M
Comparable Approach
Comparable
$32.04M
Blend (final)
Blend
$33.54M
Owner & transaction history
Cep III Villas 24 LLC · 1 yrs held
Cep III Villas 24 LLC
since 2024
Last sale
$33.5M
3 recorded transactions
Zoning & alternative use
RHD · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$55.5M
+25.3%
Auto repair, garage
$46.5M
+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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$33,540,000
ML approach
$33,540,000
CAP Approach
CAP Return
Estimation
6%
$26,695,000
6.5%
$24,640,000
7%
$22,880,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$44,280,000
Current use
RESTAURANT
$55,490,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$46,455,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$41,805,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$38,190,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$33.54M
Range $30.19M – $36.89M · ±10% · vs last sale $33.54M (Aug 30 2024)
Last sale anchor
$33.54M
Aug 30 2024
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
$313 / 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
$131,827
Tax year 2023
Assessed value
$17,087,000
Assessed 2023
Previous assessed
$14,800,800
+15.4% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,452,000
Assessed improvement
$13,635,000
Land market value
$3,452,000
Improvement market value
$13,635,000
Total market value
$17,087,000
Applied tax rate
110.0000
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
1991
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
2
Total area
107,076 SF
Lot
9.84 ac (428,630 SF)
Zoning code
RHD
APN
31051400102300
UPID
US90-1193666
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RHD · Arlington, WA
Zoning RHD · permitted uses
RHD · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$44.3M
RESTAURANT
Est. value
$55.5M
AUTO REPAIR, GARAGE
Est. value
$46.5M
MEDICAL BUILDING
Est. value
$41.8M
OFFICE BUILDING
Est. value
$38.2M
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
1991
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
9.84 ac
Current owner
From public records · entity-resolved
Cep III Villas 24 LLC
Entity
Mailing address
2829 RUCKER AVE, EVERETT, WA 98201-3456
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$33,540,000
Cep III Villas 24 LLC
Cep III Villas 19 LLC
Special Warranty Deed
$23,625,000 · Berkadia Commercial Mortgage LLC
Dec 20, 2019
$22,500,000
Cep III Villas 19 LLC
Cep II Kpa 10 LLC
Special Warranty Deed
related
$16,875,000 · Opus Bank
Jun 25, 2010
$9,019,100
Cep II-kpa 10 LLC
Kent Prairie LLC
Warranty Deed
$5,815,875 · Federal National Mortgage Assn
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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