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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Apartment buildings
2321 180th E St Puyallup, WA 98373
Individually Owned
15-yr Hold
Property ID
US90-0474270
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Construction
FRAME
Total area
4,594 SF
Lot
1.17 ac (51,052 SF)
Zoning code
MHR
APN
319356036
UPID
US90-0474270
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
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$840k
Owner & transaction history
Hud-housing Of Urban Dev · 15 yrs held
Hud-housing Of Urban Dev
since 2010
7 recorded transactions
Zoning & alternative use
MHR · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+52.0%
Medical building
$1.3M
+43.5%
Warehouse, storage
$1.2M
+32.4%
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%
$925,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$880,000
Current use
COMMERCIAL (GENERAL)
$1,335,000
Change: +52% · Conversion: Moderate
MEDICAL BUILDING
$1,260,000
Change: +43% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,165,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$183 / 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
$26,355
Tax year 2024
Assessed value
$2,101,700
Assessed 2024
Previous assessed
$2,101,700
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$313,100
Assessed improvement
$1,788,600
Land market value
$313,100
Improvement market value
$1,788,600
Total market value
$2,101,700
Applied tax rate
591.0000
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
2007
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
3
Stories
2
Units
4
Bathrooms
10
Total area
4,594 SF
Lot
1.17 ac (51,052 SF)
Zoning code
MHR
APN
319356036
UPID
US90-0474270
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MHR · Puyallup, WA
Zoning MHR · permitted uses
MHR · 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
$880,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Buildings
3
Units
4
Bathrooms
10
Lot
1.17 ac
Current owner
From public records · entity-resolved
Hud-housing Of Urban Dev
Individual
Mailing address
1002 39TH AVE SW STE #302, PUYALLUP, WA 98373-3805
Ownership since
2010
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
Sep 1, 2010
$210,138
Hud-housing Of Urban Dev
Homestreet Bk
Warranty Deed
—
Aug 13, 2010
$227,687
Homestreet Bk
Hillis Clark Martin & Peterson
Trustees Deed
related
—
Nov 10, 2005
$225,000
Douglas L Plemmons
Salmon,david & Nancy
Warranty Deed
$221,523 · Homestreet Bank
Sep 1, 2005
$249,000
Sunset Town Homes LLC
D D S Investments
Warranty Deed
$1,680,000 · City Bank
—
—
Sunset Town Homes I LLC
—
Deed Of Trust
related
$188,000 · Whidbey Island Bank
—
—
Sunset Town Homes LLC
—
Deed Of Trust
related
$76,800 · City Bank
—
—
Sunset Town Homes I LLC
—
Deed Of Trust
related
$1,025,761 · Fife Commercial Bank
—
—
Sunset Town Homes I LLC
—
Deed Of Trust
related
$1,799,700 · City Bank
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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