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Property profile & analytics
OFF-MARKET
Apartment buildings
122 169th E St, Spanaway, WA 98387-4918
Entity Owned
10-yr Hold
Property ID
US90-1594663
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
FRAME
Total area
3,220 SF
Lot
0.4 ac (17,500 SF)
Zoning code
MSF
APN
5025000771
UPID
US90-1594663
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
by Request
Owner & transaction history
Turning Point Properties LLC · 10 yrs held
Turning Point Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
MSF · Spanaway, 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 Spanaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanaway 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
—
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
$9,029
Tax year 2024
Assessed value
$754,700
Assessed 2024
Previous assessed
$754,700
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$183,500
Assessed improvement
$571,200
Land market value
$183,500
Improvement market value
$571,200
Total market value
$754,700
Applied tax rate
591.0000
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
1977
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Total area
3,220 SF
Lot
0.4 ac (17,500 SF)
Zoning code
MSF
APN
5025000771
UPID
US90-1594663
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MSF · Spanaway, WA
Zoning MSF · permitted uses
MSF · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spanaway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Lot
0.4 ac
Current owner
From public records · entity-resolved
Turning Point Properties LLC
Entity
Mailing address
PO BOX 2714, GIG HARBOR, WA 98335-4714
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2017
—
Turning Point Properties LLC
—
Deed
related
$297,000 · Heritage Bk
Jun 21, 2016
—
Turning Point Properties LLC
Turningpoint Acquistions INC
Quit Claim Deed
related
—
Mar 11, 2016
$169,000
Turning Point Acquisition INC
North Cascade Te Svcs INC|harbin,lane F
Trustees Deed
—
Mar 10, 2010
—
Emerald Sound Dev LLC
—
Trustees Deed
related
$66,300 · Olympic Funding
May 26, 2000
$187,500
Larry F Harbin
Warren Trust
Grant Deed
$185,471 · Amera Mortgage Corp
—
—
Larry F Harrin
—
Deed Of Trust
related
$272,000 · Countrywide Bank
—
—
Larry F Harbin
—
Deed Of Trust
related
$195,700 · Capitol Commerce Mortgage Co
—
—
Turning Point Properties LLC
—
Deed Of Trust
related
$297,000 · Heritage Bk
—
—
Larry F Harbin
—
Deed Of Trust
related
$34,000 · America's Wholesale Lender
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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