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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Apartment buildings
2315 Westridge W Ave Tacoma, WA 98466-8201
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1355642
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
WOOD FRAME
Total area
9,264 SF
Lot
10.11 ac (440,566 SF)
Zoning code
R3
APN
220091175
UPID
US90-1355642
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
-
Messer's Home Services Construction Company General Contractor
-
Aegis Care Employment Agency
-
alightwithin Physician
-
MarkOneStudios LLC Photography Service (Bike/Boat/Book/etc) Store
-
Grey Rose solutions/Sidiously.com Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.27M
Owner & transaction history
Westridges Apartments Property Owne · 13 yrs held
Westridges Apartments Property Owne
since 2013
6 recorded transactions
Zoning & alternative use
R3 · Tacoma, WA
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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
$1,075,000
CAP Approach
CAP Return
Estimation
6%
$1,770,000
6.5%
$1,630,000
7%
$1,515,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,920,000
Current use
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$137 / 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
$438,833
Tax year 2024
Assessed value
$40,351,800
Assessed 2024
Previous assessed
$40,351,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$13,457,500
Assessed improvement
$26,894,300
Land market value
$13,457,500
Improvement market value
$26,894,300
Total market value
$40,351,800
Applied tax rate
15.0000
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
1987
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
15
Stories
2
Units
12
Total area
9,264 SF
Lot
10.11 ac (440,566 SF)
Zoning code
R3
APN
220091175
UPID
US90-1355642
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Tacoma, WAZoning R3 · permitted uses
R3 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinance Table
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
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
1987
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
15
Units
12
Lot
10.11 ac
Current owner
From public records · entity-resolved
Westridges Apartments Property Owne
Entity
Mailing address
11766 WILSHIRE BLVD STE #1500, LOS ANGELES, CA 90025-6552
Ownership since
2013
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
Oct 26, 2023
—
Westridges Apartments Property Owne
—
Deed
related
$126,901,000 · Berkadia Commercial Mortgage LLC
Jul 28, 2023
—
Westridges Apartments Property Owne
—
Deed
related
$87,886,000 · Berkadia Commercial Mortgage LLC
May 10, 2018
—
Westridges Apartments Property Owne
—
Deed
related
$16,598,000 · Berkadia Commercial Mortgage LLC
Aug 23, 2016
—
Westridges Apartments Property Owne
—
Deed
related
$7,074,000 · Berkadia Commercial Mortgage LLC
Jul 18, 2013
—
Westridges Apartments Property Owne
Erp Operating Limited Partnership
Special Warranty Deed
$53,535,000 · Berkadia Commercial Mortgage LLC
Jun 18, 1993
$8,647,750
Holly Property Holdings
Unknown
Grant Deed
related
$86,500
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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