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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Apartment buildings
200 Milton Way 202 Milton, WA 98354-8867
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0855021
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
WOOD FRAME
Total area
5,378 SF
Lot
3.09 ac (134,600 SF)
Zoning code
RM
APN
420086007
UPID
US90-0855021
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
Current use
Occupant on record · Public records
-
Royal View Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$715k
Owner & transaction history
Eclipse Associates LLC · 7 yrs held
Eclipse Associates LLC
since 2018
7 recorded transactions
Zoning & alternative use
RM · Milton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Parking or storage of recreational vehicles, watercraft or utility trailers for compensation is not permitted within a residential zone (RS, RM, or RMD). This subsection does not apply to storage facilities provided exclusively for tenants of multifamily dwelling complexes. D. No recreational vehicle may be used as an accessory structure to a residence or op…
Zone name
Residential Multifamily District
General category
RESIDENTIAL
Zone area
172.31 ac
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
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
$133 / 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
$41,365
Tax year 2024
Assessed value
$4,143,100
Assessed 2024
Previous assessed
$4,143,100
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,400,700
Assessed improvement
$1,742,400
Land market value
$2,400,700
Improvement market value
$1,742,400
Total market value
$4,143,100
Applied tax rate
79.0000
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
1982
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
4
Stories
2
Units
4
Total area
5,378 SF
Lot
3.09 ac (134,600 SF)
Zoning code
RM
APN
420086007
UPID
US90-0855021
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RM · Milton, WAZoning RM · permitted uses
RM · Milton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Parking or storage of recreational vehicles, watercraft or utility trailers for compensation is not permitted within a residential zone (RS, RM, or RMD). This subsection does not apply to storage facilities provided exclusively for tenants of multifamily dwelling complexes. D. No recreational vehicle may be used as an accessory structure to a residence or operating business, nor to accommodate a residential accessory use. ( Ord. 1717
Zone name
Residential Multifamily District
General category
RESIDENTIAL
Zone area
172.31 ac
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
4
Units
4
Lot
3.09 ac
Current owner
From public records · entity-resolved
Eclipse Associates LLC
Entity
Mailing address
PO BOX 28070, SPOKANE, WA 99228-8070
Ownership since
2018
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
Dec 31, 2025
—
Eclipse Associates LLC
—
Deed
related
$2,225,000 · Black Nugget Capital Lenders LLC
Jul 9, 2020
—
Eclipse Associates LLC
—
Deed
related
$2,225,000 · Washington Fed'l Bk
Dec 13, 2018
$3,388,061
Eclipse Associates LLC
Project S18 LLC
Warranty Deed
$2,200,000 · Civic Financial Services LLC
Jul 22, 2016
$2,075,000
Project S18 LLC
Tyroda Royal View LLC
Grant Deed
$1,560,000 · Boeing Emps Cu
Apr 30, 2014
$1,450,000
Tyroda Royal View LLC
Royal View Apartments LLC
Grant Deed
$1,150,000 · Royal View Apartments LLC
Mar 9, 2010
—
Royal View Apartments LLC
Oline,ronald S
Quit Claim Deed
related
—
Jan 14, 2010
—
Ronald S Oline
Oline Alba M Trust
Quit Claim Deed
related
—
—
—
Eclipse Associates LLC
—
Deed Of Trust
related
$2,225,000 · Washington Fed'l Bk
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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