Entity Owned Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD FRAME
Total area
6,976 SF
Lot
0.58 ac (25,347 SF)
Zoning code
MUD
APN
5025002290
UPID
US90-1114478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.47M
Owner & transaction history
since 2021
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
MUD · Spanaway, WA
Top alternative use upside
Commercial (general)
$2.3M
+40.8%
Retail stores
$2.1M
+29.7%
Warehouse, storage
$2.1M
+26.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.47M
Value range
$1.32M – $1.62M
±10% around blend
Estimated value / SF
$211 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.32M
blend $1.47M
$1.62M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,976 SF
Lot area
0.58 ac
Year built
1965
Stories
1
APN
5025002290
Zoning
MUD
Assessed value
$1,126,300
Annual tax
$14,399
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.30M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.41M
@ 6.5% CAP return
$1.30M
@ 7% CAP return
$1.21M
4
Sales comparison
Partial preview
Sales approach indication
$1.95M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.7 mi away · 7,296 SF
8.4 mi away · 6,066 SF
10.0 mi away · 5,064 SF
10.1 mi away · 5,140 SF
12.4 mi away · 6,720 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.47M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 597 sales
$236
-11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $211/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+41%
vs current-use indication
Retail Stores
Warehouse, Storage
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.70%
Implied, in-place cap rate for this apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.70%
9.0%
NOI (est.)
$104k *
Last sale · Mar 2021
$1.49M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.82M
Move the market yield to see immediate price impact.
Value / SF
$261
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.20%5.70%6.20%
$94k
$1.80M
$1.64M
$1.51M
$104k
$2.00M
$1.82M
$1.68M
$114k
$2.20M
$2.01M
$1.84M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$2.25M
4.4 mi · Feb 2026 · $331/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,399
Tax year 2024
Assessed value
$1,126,300
Assessed 2024
Previous assessed
$1,126,300
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$415,300
Assessed improvement
$711,000
Land market value
$415,300
Improvement market value
$711,000
Total market value
$1,126,300
Applied tax rate
591.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1965
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
10
Total area
6,976 SF
Lot
0.58 ac (25,347 SF)
Zoning code
MUD
APN
5025002290
UPID
US90-1114478
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · Spanaway, WAZoning MUD · permitted uses
MUD · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
10
Lot
0.58 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MUD
Jurisdiction
Spanaway, WA
Recorded code
MUD
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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