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Property profile & analytics
OFF-MARKET
Estimated value
$86,855,000
Apartment buildings
9900 12th W Ave Everett, WA 98204-1133
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0589932
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1991
Construction
WOOD
Total area
306,096 SF
Lot
14.4 ac (627,264 SF)
Zoning code
R-3
APN
28041400400600
UPID
US90-0589932
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
-
Diamond Shine House Cleaning LLC (Bike/Boat/Book/etc) Store
-
The Winsley Apartment Rental Agency Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$69.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$86.86M
Owner & transaction history
Amfp Vi Winsley LLC · 3 yrs held
Amfp Vi Winsley LLC
since 2022
Last sale
$91.7M
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
Method
Estimation
Statistic approach
$94,305,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$75,555,000
6.5%
$69,745,000
7%
$64,765,000
Alternative Use
Use
Estimation
RESTAURANT
$144,280,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$86.86M
Range $78.17M – $95.54M · ±10% · vs last sale $91.69M (Oct 24 2022)
Last sale anchor
$91.69M
Oct 24 2022
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
$284 / 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
$636,727
Tax year 2023
Assessed value
$82,426,000
Assessed 2023
Previous assessed
$77,266,100
+6.7% YoY
Effective rate
0.77%
On assessed value
Assessed land
$10,206,200
Assessed improvement
$72,219,800
Land market value
$10,206,200
Improvement market value
$72,219,800
Total market value
$82,426,000
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
1991
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Units
316
Rooms
316
Total area
306,096 SF
Lot
14.4 ac (627,264 SF)
Zoning code
R-3
APN
28041400400600
UPID
US90-0589932
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$144.3M
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
1991
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
316
Rooms
316
Lot
14.4 ac
Current owner
From public records · entity-resolved
Amfp Vi Winsley LLC
Entity
Mailing address
100 PARK AVE #3500, NEW YORK, NY 10017-5516
Ownership since
2022
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
Oct 24, 2022
$91,690,000
Amfp Vi Winsley LLC
Breit Ta Mf Walden Pond LLC
Bargain And Sale Deed
$57,000,000 · Jll Real Estate Capital LLC
Dec 20, 2017
$67,700,000
Breit Ta Mf Walden Pond LLC
Walden Pond Everett LP
Grant Deed
$47,705,000 · Cbre Cap Markets
Jul 23, 2015
$46,500,000
Walden Pond Everett LP
Holland Walden Pond Jv LLC
Grant Deed
$36,750,000 · Berkeley Point Cap
Sep 28, 2006
$31,000,000
Holland Walden Pond Jv LLC
Walden Pond Apts Invtrs LLC
Grant Deed
$23,390,000 · Capmark Financial INC
Jun 29, 2001
$21,192,000
Walden Pond Apartment Investor
Walden Pond Holdings LLC
Grant Deed
related
$13,300,000 · Arcs Commercial Mortgage Co LP
May 1, 1989
$1,074,000
Connie Hoge
Unknown
Grant Deed
—
—
—
Walden Pond Holdings LLC
—
Deed Of Trust
related
$15,515,000 · General Electric Capital Corp
—
—
Walden Pond Apartment Investor
—
Deed Of Trust
related
$17,570,000 · Arcs Commercial Mortgage Co LP
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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