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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Apartment buildings
15424 74th E Ave A Puyallup, WA 98375-7636
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1571790
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
FRAME
Total area
4,440 SF
Lot
0.83 ac (36,155 SF)
Zoning code
MSF
APN
419207045
UPID
US90-1571790
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
$735k
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$715k
Owner & transaction history
Cory Thompson · 5 yrs held
Cory Thompson
since 2021
Last sale
$701,000
6 recorded transactions
Zoning & alternative use
MSF · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+32.4%
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
$695,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
$895,000
6.5%
$825,000
7%
$770,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$850,000
Current use
WAREHOUSE, STORAGE
$1,125,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $701k (Mar 1 2021)
Last sale anchor
$701k
Mar 1 2021
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
$161 / 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
$9,007
Tax year 2024
Assessed value
$816,800
Assessed 2024
Previous assessed
$816,800
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$264,100
Assessed improvement
$552,700
Land market value
$264,100
Improvement market value
$552,700
Total market value
$816,800
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
1980
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
6
Total area
4,440 SF
Lot
0.83 ac (36,155 SF)
Zoning code
MSF
APN
419207045
UPID
US90-1571790
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MSF · Puyallup, WAZoning MSF · permitted uses
MSF · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1980
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
6
Lot
0.83 ac
Current owner
From public records · entity-resolved
Cory Thompson
Individual
Mailing address
5117 OLIVE AVE SE, AUBURN, WA 98092-8789
Ownership since
2021
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
Mar 1, 2021
$701,000
Cory Thompson
Deltaville LLC
Warranty Deed
—
Apr 12, 2017
—
Deltaville LLC
—
Deed
related
$100,000 · Us Bank NA
Jun 20, 2013
—
Deltaville LLC
Ardmore,richard E & Nancy L
Quit Claim Deed
related
—
Nov 1, 2006
$482,000
Richard E Ardmore
Ardmore,daniel A
Warranty Deed
related
$385,600 · All Fund Mortgage Corp
Apr 7, 1999
$215,000
Daniel Ardmore
Noteboom,terry A & Dawn R
Grant Deed
$172,000 · First Union Mortgage
—
—
Daniel A Ardmore
—
Deed Of Trust
related
$47,000 · All Fund INC
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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