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Property profile & analytics
OFF-MARKET
Estimated value
$31,505,000
Apartment buildings
996 Casino Rd Everett, WA 98204-8184
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1675799
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1970
Construction
WOOD
Total area
178,272 SF
Lot
10.82 ac (471,319 SF)
Zoning code
R-3
APN
392100000401
UPID
US90-1675799
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
by Request
CAP Approach
CAP
$40.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.51M
Owner & transaction history
Parkside Preservation Limited Partn · 9 yrs held
Parkside Preservation Limited Partn
since 2017
3 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$44,005,000
6.5%
$40,620,000
7%
$37,720,000
Blend value · Realmo final
$31.51M
Range $28.35M – $34.66M · ±10%
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
$177 / 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
Assessed value
$45,162,000
Assessed 2023
Previous assessed
$45,162,000
+0.0% YoY
Assessed land
$7,708,700
Assessed improvement
$37,453,300
Land market value
$7,708,700
Improvement market value
$37,453,300
Total market value
$45,162,000
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
1970
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Units
203
Rooms
203
Bathrooms
1
Total area
178,272 SF
Lot
10.82 ac (471,319 SF)
Zoning code
R-3
APN
392100000401
UPID
US90-1675799
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
1970
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
203
Rooms
203
Bathrooms
1
Lot
10.82 ac
Current owner
From public records · entity-resolved
Parkside Preservation Limited Partn
Individual
Mailing address
21515 HAWTHORNE BLVD STE #390, TORRANCE, CA 90503-6527
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2017
—
Parkside Preservation Limited Partn
Parkside Acquisition Preservation L
Special Warranty Deed
$10,700,000 · Citibank NA
Sep 7, 2016
—
Parkside Acquisition Preservation L
Parkside Partners LP
Special Warranty Deed
$31,751,000 · Citibank NA
Oct 26, 2001
$9,650,000
Parkside Partners LP
Casino 900 Associates
Grant Deed
$11,700,000 · Midland Loan Services 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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