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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Apartment buildings
11151 Gravelly Lk SW Dr, Tacoma, WA 98499-1338
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-1664500
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD FRAME
Total area
14,497 SF
Lot
1.19 ac (51,793 SF)
Zoning code
MR2
APN
3095000010
UPID
US90-1664500
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
$1.71M
Owner & transaction history
Wedgewood Tacoma LLC · 15 yrs held
Wedgewood Tacoma LLC
since 2010
7 recorded transactions
Zoning & alternative use
MR2 · 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
$118 / 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
$29,246
Tax year 2024
Assessed value
$2,661,500
Assessed 2024
Previous assessed
$2,661,500
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,441,200
Assessed improvement
$1,220,300
Land market value
$1,441,200
Improvement market value
$1,220,300
Total market value
$2,661,500
Applied tax rate
760.0000
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
1959
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
13
Total area
14,497 SF
Lot
1.19 ac (51,793 SF)
Zoning code
MR2
APN
3095000010
UPID
US90-1664500
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MR2 · Tacoma, WA
Zoning MR2 · permitted uses
MR2 · 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
1959
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
13
Lot
1.19 ac
Current owner
From public records · entity-resolved
Wedgewood Tacoma LLC
Entity
Mailing address
312 112TH ST S, TACOMA, WA 98444-5704
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2010
$1,100,000
Wedgewood Tacoma LLC
Clover Creek Manor LLC
Warranty Deed
—
May 29, 2009
—
Clover Creek Manor LLC
—
Trustees Deed
related
$200,000 · Raymond C & Pamela K Schuler L
Sep 27, 2005
—
Clover Creek Manor LLC
Remy,claude A
Quit Claim Deed
related
—
May 3, 1999
$668,954
Claude A Remy
Five K Corp
Grant Deed
—
Mar 1, 1995
$575,000
Five K Corporation
Quad Associates
Grant Deed
$460,000 · Real Estate Exchange INC
—
—
Claude A Remy
—
Deed Of Trust
related
$600,000 · Rainier Pacific Bank
—
—
Claude A Remy
—
Deed Of Trust
related
$200,000 · Sterling Savings Bank
—
—
Five K Corp
—
Deed Of Trust
related
$450,000 · Columbia State 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.
Try Rey
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