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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Assisted living facilities
10816 18th E Ave Tacoma, WA 98445-5224
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1591913
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,529 SF
Lot
1.42 ac (61,855 SF)
Zoning code
CE
APN
319034012
UPID
US90-1591913
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
-
Alpha Cottage LLC Nursing Home Retirement Community
-
Midland Manor Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$2.13M
Owner & transaction history
6 Stars Real Estate LLC · 2 yrs held
6 Stars Real Estate LLC
since 2023
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
CE · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.2M
+133.8%
Restaurant
$3.0M
+115.8%
Auto repair, garage
$2.8M
+103.6%
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
Method
Estimation
Statistic approach
$1,900,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,365,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,195,000
Change: +134% · Conversion: Difficult
RESTAURANT
$2,950,000
Change: +116% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,780,000
Change: +104% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,320,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$2,275,000
Change: +66% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,255,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$1,840,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10% · vs last sale $2.60M (Oct 30 2023)
Last sale anchor
$2.60M
Oct 30 2023
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
$282 / 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
$16,781
Tax year 2024
Assessed value
$1,160,600
Assessed 2024
Previous assessed
$1,160,600
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$455,800
Assessed improvement
$704,800
Land market value
$455,800
Improvement market value
$704,800
Total market value
$1,160,600
Applied tax rate
515.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
3
Stories
3
Units
1
Total area
7,529 SF
Lot
1.42 ac (61,855 SF)
Zoning code
CE
APN
319034012
UPID
US90-1591913
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Tacoma, WA
Zoning CE · permitted uses
CE · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Buildings
3
Units
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
6 Stars Real Estate LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
$2,600,000
6 Stars Real Estate LLC
Prestige Estate Property INC
Warranty Deed
$2,598,000 · Celtic Bank Corporation
Apr 30, 2020
$1,550,000
Prestige Estate Property INC
155 Tremont Avenue LLC
Warranty Deed
$1,740,800 · Umpqua Bank
Dec 9, 2011
$660,000
155 Tremont Avenue LLC
Midland Manor LLC
Warranty Deed
—
Oct 31, 2002
$475,000
Midland Manor LLC
Midland Enterprises INC
Grant Deed
related
—
—
—
Midland Manor LLC
—
Deed Of Trust
related
$70,000 · Filco Co
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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