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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Apartment buildings
1122 Highland Ave, Tacoma, WA 98465-2328
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0103252
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
WOOD FRAME
Total area
15,560 SF
Lot
1.04 ac (45,346 SF)
Zoning code
R4L
APN
9795001360
UPID
US90-0103252
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
-
Highland Court Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
1122 South Highland Street LLC · 19 yrs held
1122 South Highland Street LLC
since 2007
7 recorded transactions
Zoning & alternative use
R4L · 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
$98 / 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
$58,869
Tax year 2024
Assessed value
$5,299,100
Assessed 2024
Previous assessed
$5,299,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$976,500
Assessed improvement
$4,322,600
Land market value
$976,500
Improvement market value
$4,322,600
Total market value
$5,299,100
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 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
1967
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
34
Total area
15,560 SF
Lot
1.04 ac (45,346 SF)
Zoning code
R4L
APN
9795001360
UPID
US90-0103252
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R4L · Tacoma, WA
Zoning R4L · permitted uses
R4L · 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
1967
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
34
Lot
1.04 ac
Current owner
From public records · entity-resolved
1122 South Highland Street LLC
Entity
Mailing address
PO BOX 111088, TACOMA, WA 98411-1088
Ownership since
2007
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
Dec 17, 2020
—
1122 South Highland Street
—
Deed
related
$2,730,000 · Pacific Premier Bank
Dec 18, 2017
—
1122 South Highland Street LLC
—
Deed
related
$2,378,000 · Opus Bank
Jan 10, 2007
$1,475,000
1122 South Highland Street LLC
T & J Rental LLC
Warranty Deed
$1,465,000 · Rainier Pacific Bank
Mar 10, 2005
$1,200,000
James H Hsu
Colonial Manor Group LLP
Warranty Deed
$780,000 · World Savings
—
—
1122 South Highland Street LLC
—
Deed Of Trust
related
$1,765,000 · First Savings Bank
—
—
1122 South Highland Street LLC
—
Deed Of Trust
related
—
—
—
Colonial Manor Group
—
Deed Of Trust
related
$425,000 · Washington Mutual Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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