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Property profile & analytics
OFF-MARKET
Estimated value
$3,515,000
Apartment buildings
219 5th NE Ave Puyallup, WA 98372-3000
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0863522
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD FRAME
Total area
3,142 SF
Lot
0.54 ac (23,319 SF)
Zoning code
RS-06
APN
7600200041
UPID
US90-0863522
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
$3.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
Garden Square Apartments LLC · 2 yrs held
Garden Square Apartments LLC
since 2023
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
RS-06 · 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
$3,225,000
ML approach
$3,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.52M
Range $3.16M – $3.87M · ±10% · vs last sale $3.85M (Oct 31 2023)
Last sale anchor
$3.85M
Oct 31 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
$1,119 / 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
$34,259
Tax year 2024
Assessed value
$3,138,600
Assessed 2024
Previous assessed
$3,138,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,216,000
Assessed improvement
$1,922,600
Land market value
$1,216,000
Improvement market value
$1,922,600
Total market value
$3,138,600
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 (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
3
Stories
2
Units
6
Total area
3,142 SF
Lot
0.54 ac (23,319 SF)
Zoning code
RS-06
APN
7600200041
UPID
US90-0863522
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RS-06 · Puyallup, WA
Zoning RS-06 · permitted uses
RS-06 · 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.
Building & site characteristics
From public records
Year built
1963
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
3
Units
6
Lot
0.54 ac
Current owner
From public records · entity-resolved
Garden Square Apartments LLC
Entity
Mailing address
402 PARK AVE, RUSTON, WA 98407
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
—
Garden Square Apartments LLC
—
Deed
related
$600,000 · The Sanjay Singh And Vibha Singh Trust
Oct 31, 2023
$3,850,000
Garden Square Apartments LLC
Twana Investments LLC
Warranty Deed
$2,100,000 · Conley Partners LLC
Oct 31, 2023
—
Anne Curry
Dean Curry
Intrafamily Transfer
related
—
Dec 21, 2018
—
Twana Investments LLC
—
Deed
related
$1,447,000 · Other Institutional Lenders
May 18, 2018
—
Twana Investments LLC
—
Deed
related
—
May 15, 2006
$1,550,000
Twana Investments LLC
Thomson,ralph E & Margaret M
Warranty Deed
$1,415,000 · Ralph & Margaret Thomson
—
—
Twana Investments LLC
—
Deed Of Trust
related
$1,447,000 · Other Institutional Lenders
—
—
Twana Investments LLC
—
Deed Of Trust
related
$1,295,000 · First Savings Bank
—
—
Twana Investments LLC
—
Deed Of Trust
related
$290,000 · Rick E Thomas
—
—
Twana Investments LLC
—
Loan Modification
related
—
—
—
Terry R Asbjornsen
—
Deed Of Trust
related
$74,466 · Dean W & Deborah D Sidor
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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