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Property profile & analytics
OFF-MARKET
Estimated value
$9,030,000
Apartment buildings
811 112th SW St Everett, WA 98204-7818
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1438373
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1991
Construction
WOOD
Total area
104,358 SF
Lot
15.89 ac (692,168 SF)
Zoning code
MR
APN
442900100600
UPID
US90-1438373
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
-
Luxe pro insulation General Contractor Renovation Specialist
-
Total Public Safety Security Service
-
Colmex Construction LLC General Contractor
-
Cleaners Maids Services LLC Commercial Cleaning Service Cleaners
-
Neiffer & Neiffer Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.03M
Owner & transaction history
Colby Creek Limited Partnership · 6 yrs held
Colby Creek Limited Partnership
since 2019
7 recorded transactions
Zoning & alternative use
MR · 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
$677,288
Tax year 2023
Assessed value
$82,480,000
Assessed 2023
Previous assessed
$79,632,000
+3.6% YoY
Effective rate
0.82%
On assessed value
Assessed land
$9,792,600
Assessed improvement
$72,687,400
Land market value
$9,792,600
Improvement market value
$72,687,400
Total market value
$82,480,000
Applied tax rate
2,363.0000
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
Buildings
8
Stories
3
Units
120
Rooms
216
Bathrooms
318
Total area
104,358 SF
Lot
15.89 ac (692,168 SF)
Zoning code
MR
APN
442900100600
UPID
US90-1438373
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR · Everett, WA
Zoning MR · permitted uses
MR · 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
1991
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
8
Units
120
Rooms
216
Bathrooms
318
Lot
15.89 ac
Current owner
From public records · entity-resolved
Colby Creek Limited Partnership
Entity
Mailing address
1518 1ST AVE S, SEATTLE, WA 98134-1438
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Colby Creek Limited Partnership
—
Deed
related
$59,032,000 · Berkadia Commercial Mortgage LLC
Nov 20, 2019
$803,500
Colby Creek Limited Partnership
Fsc Colby Creek Apartments LLC
Bargain And Sale Deed
$58,500,000 · Berkadia Commercial Mortgage LLC
Aug 15, 2012
$1,123
Fsc Colby Creek Apartments LLC
Fsc Shadow Creek Associates LLC
Bargain And Sale Deed
$29,945,000 · Cbre Capital Markets INC
Feb 28, 2006
$19,100,000
Fsc Shadow Creek Associates Ll
Shadow Creek Apartments LLC
Grant Deed
—
Feb 23, 2005
$14,200,000
Shadow Creek Apartments LLC
Shadow Creek-49
Grant Deed
$9,708,000 · Arcs Commercial Mortgage Co LP
Jun 23, 2000
—
Snohomish County (wa)
N/a Shadow Creek-49 LP
Grant Deed
related
—
Mar 13, 1996
$8,475,000
A Shadow Creek-49 N
New York Life Insurance
Grant Deed
$6,675,000 · New York Life Insurance
Jul 1, 1988
$818,000
C Canepa Attn
Unknown
Grant Deed
$7,681,020 · United 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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