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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Apartment buildings
12113 122nd E St Puyallup, WA 98374-4082
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1614888
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD FRAME
Total area
8,048 SF
Lot
2.86 ac (124,582 SF)
Zoning code
HSF
APN
419113113
UPID
US90-1614888
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
-
Evergreen Meadows Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$980k
Owner & transaction history
Wardner J Nezat · 4 yrs held
Wardner J Nezat
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
HSF · Puyallup, 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 Puyallup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Puyallup 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
$765,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,540,000
Current use
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.04M (Mar 30 2022)
Last sale anchor
$1.04M
Mar 30 2022
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
$122 / 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
$52,209
Tax year 2024
Assessed value
$4,554,100
Assessed 2024
Previous assessed
$4,554,100
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$967,900
Assessed improvement
$3,586,200
Land market value
$967,900
Improvement market value
$3,586,200
Total market value
$4,554,100
Applied tax rate
195.0000
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
1984
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
12
Total area
8,048 SF
Lot
2.86 ac (124,582 SF)
Zoning code
HSF
APN
419113113
UPID
US90-1614888
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
HSF · Puyallup, WA
Zoning HSF · permitted uses
HSF · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Puyallup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1984
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
12
Lot
2.86 ac
Current owner
From public records · entity-resolved
Wardner J Nezat
Individual
Mailing address
205 PACIFIC AVE, SOLANA BEACH, CA 92075-1145
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
—
Wardner J Nezat
Wardner J Nezat
Intrafamily Transfer
related
—
Oct 27, 2021
—
Wardner J Nezat
—
Deed
related
$2,010,000 · Jpmorgan Chase Bank NA
Sep 13, 2018
—
Wardner J Nezat
—
Deed
related
$2,100,000 · Jp Morgan Chase Bk
Nov 8, 2000
$1,040,000
Wardner J Nezat
Evergreen Meadows Investors
Grant Deed
$728,000 · World Savings Bank
—
—
Wardner J Nezat
—
Deed Of Trust
related
$450,000 · Myrna C Rose
—
—
Wardner J Nezat
—
Deed Of Trust
related
$1,150,000 · Jp Morgan Chase Bank NA
—
—
Wardner J Nezat
—
Deed Of Trust
related
$2,100,000 · Jp Morgan Chase Bk
—
—
Wardner J Nezat
—
Deed Of Trust
related
$1,100,000 · Washington Mutual Fsb
—
—
Wardner J Nezat
—
Deed Of Trust
related
$1,070,000 · J P Morgan Chase Bank
—
—
Evergreen Meadows
—
Deed Of Trust
related
$1,320,000 · Seafirst 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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