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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Retail space
1921 Mildred W St University Place, WA 98466-6132
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1197170
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,560 SF
Lot
0.73 ac (31,652 SF)
Zoning code
CC
APN
220112802
UPID
US90-1197170
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
$1.61M
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.32M
Owner & transaction history
Epic Mildred LLC · 2 yrs held
Epic Mildred LLC
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CC · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.9M
+40.4%
Auto repair, garage
$1.7M
+22.3%
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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$1,765,000
ML approach
$1,610,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,375,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,935,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,685,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,365,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,350,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$1,115,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.30M (Nov 7 2023)
Last sale anchor
$1.30M
Nov 7 2023
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
$289 / 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
$7,527
Tax year 2024
Assessed value
$789,700
Assessed 2024
Previous assessed
$789,700
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$636,800
Assessed improvement
$152,900
Land market value
$636,800
Improvement market value
$152,900
Total market value
$789,700
Applied tax rate
70.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
4,560 SF
Lot
0.73 ac (31,652 SF)
Zoning code
CC
APN
220112802
UPID
US90-1197170
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · University Place, WAZoning CC · permitted uses
CC · University Place, 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
RETAIL STORES Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
0.73 ac
Current owner
From public records · entity-resolved
Epic Mildred LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1921 MILDRED ST W, FIRCREST, WA 98466-6132
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
$1,300,000
Epic Mildred LLC
1921 Mildred LLC
Warranty Deed
—
Mar 28, 2012
—
1921 Mildred LLC
Hauge,philip M
Quit Claim Deed
related
—
Apr 29, 2011
$110,813
Philip M Hauge
Washam,dale
Grant Deed
related
—
Sep 29, 2005
—
Tcast Communications INC
Lee,jung S & Kyung C
Quit Claim Deed
related
—
—
—
Jung S Lee
—
Deed Of Trust
related
$552,000 · Pacific Coast Investment Co
—
—
Jung S Lee
—
Deed Of Trust
related
$552,000 · Pacific Coast Investment Co
—
—
Jung S Lee
—
Deed Of Trust
related
$674,000 · Us Bank NA
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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