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Property profile & analytics
OFF-MARKET
Estimated value
$4,120,000
High-rise multifamily apartments
1001 Yakima Ave Tacoma, WA 98403-2528
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0906745
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1931
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,609 SF
Lot
0.3 ac (13,000 SF)
Zoning code
R2
APN
2040150023
UPID
US90-0906745
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
-
Groves Law Offices Law Firm
-
Rotary Club of Tacoma Nightclub Music Venue
-
Tacoma Armory Hotel & Motel Resort
-
Buckingham Apartments - Apartments in Tacoma, WA Apartment Building
-
Groves Law Offices, LLP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.12M
Owner & transaction history
Tal Venues LLC · 3 yrs held
Tal Venues LLC
since 2022
7 recorded transactions
Zoning & alternative use
R2 · Tacoma, 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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
$94 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$81,899
Tax year 2024
Assessed value
$7,372,600
Assessed 2024
Previous assessed
$7,372,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$642,900
Assessed improvement
$6,729,700
Land market value
$642,900
Improvement market value
$6,729,700
Total market value
$7,372,600
Applied tax rate
5.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1931
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
5
Units
53
Total area
43,609 SF
Lot
0.3 ac (13,000 SF)
Zoning code
R2
APN
2040150023
UPID
US90-0906745
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Tacoma, WA
Zoning R2 · permitted uses
R2 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1931
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
5
Units
53
Lot
0.3 ac
Current owner
From public records · entity-resolved
Tal Venues LLC
Entity
Mailing address
117 N TACOMA AVE APT #201, TACOMA, WA 98403-2607
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
—
Tal Venues LLC
—
Deed
related
$1,950,000 · Washington State Department Of Commerce
Aug 5, 2022
$865,000
Tal Venues LLC
Mathew S Shaw
Warranty Deed
$200,000 · Umpqua Bank
May 25, 2021
—
Buckingham LLC
—
Deed
related
$3,500,000 · Boeing Employees Cu
Mar 4, 2020
—
Fred Roberson
—
Deed
related
$761,523 · Columbia St Bk
Dec 10, 2004
—
Lolita D M Smith
Buckingham LLC
Warranty Deed
related
—
—
—
Buckingham LLC
—
Deed Of Trust
related
$2,462,000 · World Savings
—
—
Buckingham LLC
—
Deed Of Trust
related
$2,040,000 · World Savings
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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