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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Everett, WA 98208

    • Apartment buildings
    • 97,518 SF
    • 2.15 lot acres
    OFF-MARKET
    Last Sale
    Oct 14, 2021
    $55,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2109107
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details

    Year built
    2003
    Construction
    WOOD
    Lot size
    2.15 lot acres
    Property size
    97,518 SF
    Zone code
    HDR
    Property type
    Apartment buildings
    APN
    574100008401
    APU
    574100008401

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.218
    Latitude
    47.8786
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $151,403
    $1,933,900
    $16,847,400
    $18,781,300
    -
    $1,933,900
    $16,847,400
    $18,781,300

    Comparable in this City

    • Value Estimation by Request
      381,383 SF

      9009 Mall Dr

      APARTMENT HOUSE (100+ UNITS) • 381,383 SF
      9009 Mall Dr, Everett, WA 98208-2150
      View Details
    • Value Estimation
      $40,020,000
      196,980 SF

      1306 100th SE Pl

      APARTMENT HOUSE (100+ UNITS) • 196,980 SF
      1306 100th SE Pl, Everett, WA 98208-4114
      View Details
    • Value Estimation
      $13,425,000
      59,576 SF

      13020 Meridian S Ave

      APARTMENT HOUSE (100+ UNITS) • 59,576 SF
      13020 Meridian S Ave, Everett, WA 98208-6468
      View Details
    • Value Estimation
      $40,960,000
      180,461 SF

      2020 Lk Hts Dr

      APARTMENT HOUSE (100+ UNITS) • 180,461 SF
      2020 Lk Hts Dr, Everett, WA 98208-6011
      View Details
    • Value Estimation by Request
      9,702 SF

      109 Casino Rd

      Multifamily properties • 9,702 SF
      109 Casino Rd, Everett, WA 98208
      View Details
    • Value Estimation by Request
      45,864 SF

      10220 3rd SE Ave

      APARTMENT HOUSE (100+ UNITS) • 45,864 SF
      10220 3rd SE Ave, Everett, WA 98208-3957
      View Details

    Similar Nearby for Sale

    • $12,000,000
      36,192 SF

      36-Unit Multifamily Property For Sale

      Multifamily property with spacious floor plans and strong rental area.
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    • $324,950
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      Updated Condo Ready to Move-In

      Updated 2-bed, 1.5-bath condo with modern kitchen and ample storage.
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      Everett Motel: Prime Investment Opportunity

      66-Unit Motel, High Revenue Potential
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    • $2,200,000
      5,815 SF

      Silver Pond Medical Center Investment

      Fully leased medical office building in South Everett's Silver Lake.
      10101 19Th Ave SE, Everett, WA 98208
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    • $490,000

      Sound View Buildable Lot

      Near one-acre lot with sound and mountain views.
      1926 Maple St, Everett, WA 98208
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    • $855,000

      Three Land Parcels For Sale

      Three adjacent land parcels totaling 1.14 acres for sale.
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    Similar Nearby for Lease

    • $3,300 /Mo
      1,457 SF

      Silver Firs Home with Fenced Yard

      Three-bedroom home in Silver Firs, available now, with fenced yard.
      4919 148Th Pl SE, Everett, WA 98208
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    • Contact for pricing
      36,778 SF

      Everett Mall Executive Suites

      Prime Everett Office Space, 8 Suites Available
      906 Everett Mall Way, Everett, WA 98208
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    • Contact for pricing
      4,140 SF

      Everett Retail Space Available

      4,140 SF retail space for rent in Everett, WA.
      1502 SE Everett Mall Way, Everett, WA 98208
      View Details
    • $18 SF/Yr
      690 SF

      Everett Office Space Available

      690 square foot office space for rent in Everett.
      909 Southeast Everett Mall Way, Everett, WA 98208
      View Details
    • $19 SF/Yr
      1,250 SF

      Everett Office Space For Rent

      Office space featuring reception area and break room.
      10414 19Th Ave SE, Everett, WA 98208
      View Details
    • Contact for pricing
      185,207 SF

      Everett Retail Opportunity

      Former Fred Meyer available for sublease in Everett, Washington.
      8530 Evergreen Way, Everett, WA 98208
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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