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Property profile & analytics
OFF-MARKET
Estimated value
$23,515,000
Apartment buildings
Everett, WA 98201
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2139795
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2022
Construction
TYPE NOT SPECIFIED
Total area
196,590 SF
Lot
3.92 ac (170,755 SF)
Zoning code
F8
APN
576002700002
UPID
US90-2139795
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.52M
Owner & transaction history
City Of Everett · 5 yrs held
City Of Everett
since 2021
7 recorded transactions
Zoning & alternative use
F8 · 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
$120 / 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
$89,572
Tax year 2023
Assessed value
$10,907,800
Assessed 2023
Previous assessed
$902,000
+1,109.3% YoY
Effective rate
0.82%
On assessed value
Assessed land
$999,800
Assessed improvement
$9,908,000
Land market value
$999,800
Improvement market value
$9,908,000
Total market value
$10,907,800
Applied tax rate
20.0000
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
2022
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
6
Total area
196,590 SF
Lot
3.92 ac (170,755 SF)
Zoning code
F8
APN
576002700002
UPID
US90-2139795
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F8 · Everett, WA
Zoning F8 · permitted uses
F8 · 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
2022
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
6
Lot
3.92 ac
Current owner
From public records · entity-resolved
City Of Everett
Entity
Free & Clear · 5 yrs held
Mailing address
11624 SE 5TH ST STE #210, BELLEVUE, WA 98005-3642
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
Riverfront Phase 1 LLC
—
Deed
related
$85,000,000 · Us Bank NA
Jul 8, 2021
—
City Of Everett
Riverfront Commercial Investment Ll
Intrafamily Transfer
related
—
Dec 26, 2019
$641,288
Riverfront Phase 3 LLC
Riverfront Coml Invs LLC
Quit Claim Deed
related
—
Jul 16, 2013
—
Riverfront Commercial LLC
Pnw Riverfront LLC
Quit Claim Deed
related
—
Jan 10, 2013
—
Om Everett INC
—
Deed Of Trust
related
$20,599,196 · Bank Of America
Jan 31, 2012
—
Om Everett INC
—
Deed Of Trust
related
$20,599,196 · Bank Of America
May 14, 2008
$8,000,000
Om Everett INC
City Of Everett
Grant Deed
—
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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