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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Apartment buildings
10306 196th St E Ct A, Graham, WA 98338-7964
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0593512
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2011
Construction
WOOD FRAME
Total area
11,715 SF
Lot
1.86 ac (80,891 SF)
Zoning code
MUD
APN
6024410040
UPID
US90-0593512
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
$2.18M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$2.35M
Owner & transaction history
Hawthorne Lane Graham Associates Ll · 13 yrs held
Hawthorne Lane Graham Associates Ll
since 2012
7 recorded transactions
Zoning & alternative use
MUD · Graham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+40.8%
Retail stores
$3.6M
+29.7%
Warehouse, storage
$3.5M
+26.4%
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 Graham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Graham 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%
$2,365,000
6.5%
$2,180,000
7%
$2,025,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,765,000
Current use
COMMERCIAL (GENERAL)
$3,895,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$3,585,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,495,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±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
$201 / 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
$12
Tax year 2024
Assessed value
$7,792,900
Assessed 2024
Previous assessed
$7,792,900
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,412,800
Assessed improvement
$6,380,100
Land market value
$1,412,800
Improvement market value
$6,380,100
Total market value
$7,792,900
Applied tax rate
578.0000
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 (5+ UNITS)
Status
Off-Market
Year built
2011
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
3
Stories
3
Units
10
Total area
11,715 SF
Lot
1.86 ac (80,891 SF)
Zoning code
MUD
APN
6024410040
UPID
US90-0593512
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · Graham, WA
Zoning MUD · permitted uses
MUD · Graham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Graham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Buildings
3
Units
10
Lot
1.86 ac
Current owner
From public records · entity-resolved
Hawthorne Lane Graham Associates Ll
Entity
Mailing address
10306 196TH ST CT E, GRAHAM, WA 98338-7962
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2012
—
Hawthorne Lane Graham Associates Ll
Maurice Manning
Correction Deed
related
$1,425,000 · Washington Community Reinvestment A
Oct 6, 2010
—
Lane Graham Assocs L Hawthorne
—
Trustees Deed
related
$2,425,000 · Umpqua Bank
Sep 16, 2010
—
Lane Graham Assocs L Hawthorne
—
Trustees Deed
related
$1,291,355 · Greystone Hsng Fndg LLC
Aug 12, 2010
—
Lane Graham Assocs L Hawthorne
—
Trustees Deed
related
$1,291,355 · Greystone Hsng Fndg LLC
Apr 14, 2010
—
Hawthorne Lane Graham Assocs
—
Trustees Deed
related
$1,291,355 · Greystone Hsng Fndg LLC
Feb 26, 2010
—
Hawthorne Lane Graham Assocs
—
Trustees Deed
related
$1,291,355 · Greystone Hsng Fndg LLC
Oct 30, 2009
—
Hawthorne Lane Graham Assocs
—
Trustees Deed
related
$1,291,355 · Greystone Hsng Fndg LLC
Jul 2, 2008
—
Hawthorne Lane Graham Assocs
—
Trustees Deed
related
$1,291,355 · Greystone Cde LLC
Apr 3, 2007
$730,000
Hawthorne Lane Graham Associates
Maurice Manning
Warranty Deed
$900,000 · Alliant Capital Ltd
Apr 27, 2005
—
Maurice Manning
Manning Of Frank LLC
Quit Claim Deed
related
—
—
—
Lane Graham Assocs L Hawthorne
—
Deed Of Trust
related
$317,000 · Pierce County (wa)
—
—
Lane Graham Assocs L Hawthorne
—
Deed Of Trust
related
—
—
—
Hawthorne Lane Graham Assocs
—
Deed Of Trust
related
$1,291,355 · Greystone Hsng Fndg LLC
—
—
Lane Graham Assocs L Hawthorne
—
Deed Of Trust
related
$950,000 · Pierce County Community Dev
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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