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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Apartment buildings
1536 Bloomingdale SW Ln Tumwater, WA 98512-7372
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-0459023
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD FRAME
Total area
8,414 SF
Lot
0.64 ac (27,878 SF)
APN
1270-32-40702
UPID
US90-0459023
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
$905k
Owner & transaction history
Bloomingdale Building LLC · 15 yrs held
Bloomingdale Building LLC
since 2011
7 recorded transactions
Zoning & alternative use
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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
$108 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,187
Tax year 2023
Assessed value
$1,045,000
Assessed 2022
Previous assessed
$989,500
+5.6% YoY
Effective rate
0.97%
On assessed value
Assessed land
$52,900
Assessed improvement
$992,100
Land market value
$52,900
Improvement market value
$992,100
Total market value
$1,045,000
Applied tax rate
440.0000
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
1990
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
3
Bathrooms
10
Total area
8,414 SF
Lot
0.64 ac (27,878 SF)
APN
1270-32-40702
UPID
US90-0459023
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Bathrooms
10
Lot
0.64 ac
Current owner
From public records · entity-resolved
Bloomingdale Building LLC
Entity
Mailing address
3719 GOLDCREST HTS NW, OLYMPIA, WA 98502-4005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2011
$730,000
Bloomingdale Building LLC
Josehua A Herald
Warranty Deed
$500,000 · Jpmorgan Chase Bank NA
Mar 14, 2006
—
City Of Tumwater
Herald,joseph A & Tabby V
Warranty Deed
—
Aug 19, 2003
$580,000
Joseph A Herald
Ingrim,lee A & Jana R
Grant Deed
$464,000 · South Sound Bank
Jun 10, 1991
$350,000
Michael Etal Schieber
Unknown
Grant Deed
—
Feb 27, 1990
$40,000
Burt Burt Cook II
Pearson, Myrna J
Grant Deed
$203,400
—
—
Lee A Ingrim
—
Deed Of Trust
related
$413,382 · First Community Bank Washingto
—
—
Bloomingdale Building LLC
—
Deed Of Trust
related
$600,000 · Washington St Emp Cu
—
—
Joseph A Herald
—
Deed Of Trust
related
$506,130 · Twinstar Cu
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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