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Property profile & analytics
OFF-MARKET
Estimated value
$7,530,000
Apartment buildings
11302 10th Ave E Ct Tacoma, WA 98445-3072
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-1385152
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2001
Construction
WOOD FRAME
Total area
24,708 SF
Lot
6.52 ac (284,098 SF)
Zoning code
OMUD
APN
5001510020
UPID
US90-1385152
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
-
Kids Korner Clubhouse Daycare Center Foster Care Service
-
Nantucket Gate Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.53M
Blend (final)
Blend
$7.53M
Owner & transaction history
11302 10th Avenue LLC · 13 yrs held
11302 10th Avenue LLC
since 2012
6 recorded transactions
Zoning & alternative use
OMUD · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.5M
+104.8%
Restaurant
$9.7M
+89.0%
Auto repair, garage
$9.1M
+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)
$5,115,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,480,000
Change: +105% · Conversion: Difficult
RESTAURANT
$9,675,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,125,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,615,000
Change: +49% · Conversion: Moderate
RETAIL STORES
$7,460,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,405,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$6,045,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$7.53M
Range $6.78M – $8.28M · ±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
$305 / 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
$650,948
Tax year 2024
Assessed value
$56,699,000
Assessed 2024
Previous assessed
$56,699,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,865,400
Assessed improvement
$52,833,600
Land market value
$3,865,400
Improvement market value
$52,833,600
Total market value
$56,699,000
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
2001
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
21
Stories
3
Units
36
Total area
24,708 SF
Lot
6.52 ac (284,098 SF)
Zoning code
OMUD
APN
5001510020
UPID
US90-1385152
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
OMUD · Tacoma, WA
Zoning OMUD · permitted uses
OMUD · 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
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
RESTAURANT
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RETAIL STORES
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$6.0M
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
2001
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
21
Units
36
Lot
6.52 ac
Current owner
From public records · entity-resolved
11302 10th Avenue LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 111088, TACOMA, WA 98411-1088
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2012
—
11302 10th Avenue LLC
Dobler Family Partners LLC
Quit Claim Deed
related
—
Nov 1, 2012
$22,087,524
11302 10th Avenue LLC
Carpenter,mark & Linda
Trustees Deed
$24,350,000 · Berkadia Commercial Mortgage
Dec 13, 1999
$1,169,623
Carpenter Dobler LLC
Appleton,peter B & Patricia D
Grant Deed
—
—
—
11302 1oth Avenue LLC
—
Deed Of Trust
related
$28,000,000 · Miscellaneous Ins Co
—
—
Nantucket Gate LLC
—
Deed Of Trust
related
$20,000,000 · Homestreet Bank
—
—
Carpenter Dobler LLC
—
Deed Of Trust
related
$17,250,000 · Us 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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