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Property profile & analytics
OFF-MARKET
Apartment buildings
Everett, WA 98208
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2109107
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2003
Construction
WOOD
Total area
97,518 SF
Lot
2.15 ac (93,654 SF)
Zoning code
HDR
APN
574100008401
UPID
US90-2109107
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
by Request
Owner & transaction history
Essex Monterra LLC · 4 yrs held
Essex Monterra LLC
since 2021
Last sale
$55.0M
6 recorded transactions
Zoning & alternative use
HDR · 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
—
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
$151,403
Tax year 2023
Assessed value
$18,781,300
Assessed 2023
Previous assessed
$13,991,300
+34.2% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,933,900
Assessed improvement
$16,847,400
Land market value
$1,933,900
Improvement market value
$16,847,400
Total market value
$18,781,300
Applied tax rate
517.0000
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
2003
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
97,518 SF
Lot
2.15 ac (93,654 SF)
Zoning code
HDR
APN
574100008401
UPID
US90-2109107
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HDR · Everett, WA
Zoning HDR · permitted uses
HDR · 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
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Essex Monterra LLC
Entity
Mailing address
1100 PARK PL STE #200, SAN MATEO, CA 94403-7107
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
Essex Monterra LLC
—
Deed
related
$222,000,000 · Pnc Bank NA
Oct 14, 2021
$54,861,000
Essex Monterra LLC
Srgmf II Dumas Mill Creek LLC
Special Warranty Deed
—
Feb 5, 2018
—
Srgmf II Dumas Mill Creek LLC
—
Deed
related
$28,400,000 · Walker & Dunlop
Jan 11, 2018
$39,000,000
Srgmf II Dumas Mill Creek LLC
Lakeview Community Rentals LP
Grant Deed
—
Jun 17, 2009
$56,179
Lakeview Community Rentals LP
Eqr Monterra LLC
Special Warranty Deed
$7,286,000 · Federal National Mortgage Assn
—
—
Srgmf II Dumas Mill Creek LLC
—
Deed Of Trust
related
$28,400,000 · Walker & Dunlop
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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