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Property profile & analytics
OFF-MARKET
Estimated value
$38,445,000
Apartment buildings
8710 5th W Ave Everett, WA 98204-2218
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0458129
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1990
Construction
WOOD
Total area
107,514 SF
Lot
5.35 ac (233,046 SF)
Zoning code
FP
APN
28041300200700
UPID
US90-0458129
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
-
Generalcontratorzavala Construction Company General Contractor
-
Cascadia Pointe Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.50M
Comparable Approach
Comparable
$50.98M
Blend (final)
Blend
$38.45M
Owner & transaction history
Sreit Cascadia Pointe LLC · 4 yrs held
Sreit Cascadia Pointe LLC
since 2021
Last sale
$37.4M
7 recorded transactions
Zoning & alternative use
FP · 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
Method
Estimation
Statistic approach
$41,875,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,540,000
6.5%
$24,495,000
7%
$22,750,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$54,205,000
Current use
RESTAURANT
$50,675,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$38.45M
Range $34.60M – $42.29M · ±10% · vs last sale $37.44M (Dec 9 2021)
Last sale anchor
$37.44M
Dec 9 2021
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
$358 / 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
$216,279
Tax year 2023
Assessed value
$27,997,000
Assessed 2023
Previous assessed
$25,607,000
+9.3% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,890,000
Assessed improvement
$24,107,000
Land market value
$3,890,000
Improvement market value
$24,107,000
Total market value
$27,997,000
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
1990
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
3
Bathrooms
232
Total area
107,514 SF
Lot
5.35 ac (233,046 SF)
Zoning code
FP
APN
28041300200700
UPID
US90-0458129
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
FP · Everett, WA
Zoning FP · permitted uses
FP · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$54.2M
RESTAURANT
Est. value
$50.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Bathrooms
232
Lot
5.35 ac
Current owner
From public records · entity-resolved
Sreit Cascadia Pointe LLC
Entity
Mailing address
200 E BROWARD BLVD #1410, FT LAUDERDALE, FL 33301-1963
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2026
—
Sreit Cascadia Pointe LLC
—
Deed
related
$19,110,000 · Walker & Dunlop LLC
Dec 9, 2021
$37,439,485
Sreit Cascadia Pointe LLC
Strata Cascadia LLC
Special Warranty Deed
—
May 2, 2019
—
Strata Cascadia LLC
—
Deed
related
$2,699,000 · Cbre Cap Markets
Oct 2, 2015
—
Strata Cascadia LLC
Ergs V Reo Owner LLC
Special Warranty Deed
$12,600,000 · Cbre Capital Markets INC
Jun 20, 2012
$11,300,000
Ergs V Reo Owner LLC
Holland Holdings II Pacific Bay Clu
Special Warranty Deed
—
Sep 23, 2005
—
Aos Dev INC
Jl-washington Properties LLC
Warranty Deed
—
Sep 23, 2005
$8,470,000
Holland Holdings II Pacific Bay Clu
Jl Washington Properties LLC
Warranty Deed
$6,550,000 · Gmac Commercial Mortgage Bank
Dec 9, 2002
—
Jl-washington Properties LLC
Jonathans Landing LLC
Grant Deed
$61,000,000 · Greenwich Capital Fin'l Produc
Jan 21, 1998
$6,760,000
Jonathan's Landing LLC
Ninety Five Associates INC
Grant Deed
—
Mar 22, 1996
$4,805,000
Ninety Five Associates INC
Conifer Place LP
Grant Deed
—
Jan 1, 1990
$1,368,900
Property Management INC
Unknown
Grant Deed
—
—
—
Strata Cascadia LLC
—
Deed Of Trust
related
$2,699,000 · Cbre Cap Markets
—
—
Jonathans Landing LLC
—
Deed Of Trust
related
$89,500 · Salomon Brothers Realty Corp
—
—
Holdings Ba Holland II
—
Deed Of Trust
related
$3,320,000 · Capmark Bank
—
—
Conifer Place LP
—
Deed Of Trust
related
$3,600,000 · Seattle-first National 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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