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Property profile & analytics
OFF-MARKET
Estimated value
$7,275,000
Apartment buildings
11112 10th Ave E Ct Tacoma, WA 98445-7085
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1432115
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1999
Construction
WOOD FRAME
Total area
24,174 SF
Lot
3.86 ac (168,142 SF)
Zoning code
MHR
APN
319037043
UPID
US90-1432115
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
-
Koumbamaya africain hair braiding Hair Salon
-
Sasius Little Hands Daycare High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.35M
Blend (final)
Blend
$7.28M
Owner & transaction history
Kensington Gate Apartments LLC · 9 yrs held
Kensington Gate Apartments LLC
since 2016
4 recorded transactions
Zoning & alternative use
MHR · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.3M
+104.8%
Restaurant
$9.5M
+89.0%
Auto repair, garage
$8.9M
+78.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,005,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,250,000
Change: +105% · Conversion: Difficult
RESTAURANT
$9,465,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,930,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,450,000
Change: +49% · Conversion: Moderate
RETAIL STORES
$7,300,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,245,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$5,915,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$7.28M
Range $6.55M – $8.00M · ±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
$301 / 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
$254,504
Tax year 2024
Assessed value
$21,285,000
Assessed 2024
Previous assessed
$21,285,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,777,300
Assessed improvement
$18,507,700
Land market value
$2,777,300
Improvement market value
$18,507,700
Total market value
$21,285,000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
3
Units
36
Total area
24,174 SF
Lot
3.86 ac (168,142 SF)
Zoning code
MHR
APN
319037043
UPID
US90-1432115
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MHR · Tacoma, WA
Zoning MHR · permitted uses
MHR · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
RESTAURANT
Est. value
$9.5M
AUTO REPAIR, GARAGE
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$7.5M
RETAIL STORES
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS) 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
1999
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
6
Units
36
Lot
3.86 ac
Current owner
From public records · entity-resolved
Kensington Gate Apartments LLC
Entity
Mailing address
PO BOX 111088, TACOMA, WA 98411-1088
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2016
$8,586,348
Kensington Gate Apartments LLC
Dobler Family Partners LLC
Quit Claim Deed
related
$10,000,000 · Boeing Emps Cu
Mar 30, 2016
—
Mark J Carpenter
Kensington Gate LLC
Quit Claim Deed
related
—
Jul 14, 1998
—
Kensington Gate LLC
—
Grant Deed
related
$5,375,000 · Us Bank
—
—
Kensington Gate LLC
—
Deed Of Trust
related
$6,305,000 · Homestreet Bank
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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