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Property profile & analytics
OFF-MARKET
Estimated value
$10,565,000
Apartment buildings
201 27th SE Ave Puyallup, WA 98374-1135
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1488111
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2001
Construction
WOOD FRAME
Total area
65,164 SF
Lot
7.9 ac (343,993 SF)
Zoning code
RM-20
APN
419032105
UPID
US90-1488111
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
-
Sunset Garden Senior Living Apartments Retirement Community
-
Paige’s home Vacation Rental Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.13M
Comparable Approach
Comparable
$6.57M
Blend (final)
Blend
$10.57M
Owner & transaction history
Shag Affordable Senior Living · 7 yrs held
Shag Affordable Senior Living
since 2018
3 recorded transactions
Zoning & alternative use
RM-20 · Puyallup, WA
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,140,000
6.5%
$12,130,000
7%
$11,265,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,470,000
Current use
Blend value · Realmo final
$10.57M
Range $9.51M – $11.62M · ±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
$162 / 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
$44,639
Tax year 2024
Assessed value
$32,972,900
Assessed 2024
Previous assessed
$32,972,900
+0.0% YoY
Effective rate
0.14%
On assessed value
Assessed land
$9,457,900
Assessed improvement
$23,515,000
Land market value
$9,457,900
Improvement market value
$23,515,000
Total market value
$32,972,900
Applied tax rate
96.0000
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 (100+ UNITS)
Status
Off-Market
Year built
2001
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
3
Units
92
Total area
65,164 SF
Lot
7.9 ac (343,993 SF)
Zoning code
RM-20
APN
419032105
UPID
US90-1488111
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-20 · Puyallup, WA
Zoning RM-20 · permitted uses
RM-20 · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Puyallup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.5M
APARTMENT HOUSE (5+ UNITS) Current
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
2001
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
3
Units
92
Lot
7.9 ac
Current owner
From public records · entity-resolved
Shag Affordable Senior Living
Individual
Mailing address
14400 TUKWILA INTERNATIONAL BLVD STE #100, TUKWILA, WA 98168-4419
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2020
—
Shag Affordable Senior Living Assoc
—
Deed
related
$24,000,000 · Key Bank NA
Oct 15, 2018
$19,500,000
Shag Affordable Senior Living
South Hill Assocs 2001 LP
Warranty Deed
$1,000,000 · South Hill Assocs (2001) LP
—
—
Shag Affordable Senior Living
—
Deed Of Trust
related
$24,000,000 · Keybank USA
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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