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Property profile & analytics
OFF-MARKET
Estimated value
$7,115,000
Apartment buildings
2101 Steptoe St Richland, WA 99352-8539
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1780359
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Construction
CONCRETE
Total area
76,235 SF
Lot
7.32 ac (318,859 SF)
Zoning code
58
APN
136981020010004
UPID
US90-1780359
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
-
Bella Vista East Apartments Apartment Complex
-
Kreative Komputer Worxs Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.12M
Owner & transaction history
Townfair Investors LLC · 10 yrs held
Townfair Investors LLC
since 2016
6 recorded transactions
Zoning & alternative use
58 · Richland, 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 Richland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richland 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%
$9,790,000
6.5%
$9,035,000
7%
$8,390,000
Blend value · Realmo final
$7.12M
Range $6.40M – $7.83M · ±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
$93 / 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
Property tax & assessments
Assessed value
$15,197,720
Assessed 2023
Previous assessed
$13,517,280
+12.4% YoY
Assessed land
$1,121,250
Assessed improvement
$14,076,470
Land market value
$1,121,250
Improvement market value
$14,076,470
Total market value
$15,197,720
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
2015
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Total area
76,235 SF
Lot
7.32 ac (318,859 SF)
Zoning code
58
APN
136981020010004
UPID
US90-1780359
Jurisdiction
BENTON
Zoning & alternative use
58 · Richland, WAZoning 58 · permitted uses
58 · Richland, WA
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
2015
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Lot
7.32 ac
Current owner
From public records · entity-resolved
Townfair Investors LLC
Entity
Mailing address
PO BOX 1620, GRESHAM, OR 97030-0523
Ownership since
2016
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 23, 2018
—
Townfair Investors LLC
—
Deed
related
—
Nov 15, 2016
—
Townfair Investors LLC
—
Deed
related
$25,500,000 · Berkadia Commercial Mortgage LLC
Jun 1, 2016
—
Townfair Investors LLC
Bender Equities INC
Warranty Deed
$17,500,000 · Umpqua Bank
May 14, 2014
$11,250,000
Bender Equities INC
Western States Dev Corp
Warranty Deed
—
Nov 18, 2013
$1,000,000
Western States Dev Corp
Bender Dev LP
Warranty Deed
—
Dec 18, 2008
—
Dev Bender
Western Heritage
Warranty Deed
—
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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