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Property profile & analytics
FOR SALE
Apartment buildings
2712 21St St Tacoma, WA 98406
Entity Owned
Free & Clear
Property ID
US90-1622142
No photos on file
For Sale
$1,300,000
2712 21St St, Tacoma, WA 98406
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Construction
WOOD FRAME
Total area
4,344 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C1
APN
2745005241
UPID
US90-1622142
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
-
Source Yoga Gym & Fitness Center
-
Sabbatique Church Mosque
-
Old Tacoma Tattoo Tattoo & Piercing Shop
-
Music Together with Aubrey High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ramirez Company Holding LLC
Ramirez Company Holding LLC
since 2025
Last sale
$445,000
6 recorded transactions
Zoning & alternative use
C1 · Tacoma, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,992
Tax year 2024
Assessed value
$898,600
Assessed 2024
Previous assessed
$898,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$192,300
Assessed improvement
$706,300
Land market value
$192,300
Improvement market value
$706,300
Total market value
$898,600
Applied tax rate
5.0000
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
For Sale
Year built
2004
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
2
Units
4
Total area
4,344 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C1
APN
2745005241
UPID
US90-1622142
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Tacoma, WA
Zoning C1 · permitted uses
C1 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
2
Units
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Ramirez Company Holding LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4328 MERIDIAN AVE N, SEATTLE, WA 98103-7604
Ownership since
2025
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
Jul 22, 2025
$1,200,000
Ramirez Company Holding LLC
Dougherty Investment Co
Warranty Deed
—
Nov 14, 2022
—
Dougherty Investment Co
Patricia L Dougherty
Intrafamily Transfer
related
—
Dec 27, 2021
—
Patricia L Dougherty
Dougherty Investment Co
Quit Claim Deed
related
—
Aug 30, 1999
$445,000
Dougherty Investment Co
Bilow,dennis W & Loretta E
Grant Deed
$246,865 · Sterling Savings Bank
Mar 19, 1996
$40,000
Dennis W Bilow
Slipp,john W
Grant Deed
—
—
—
Dougherty Investment Co
—
Deed Of Trust
related
$565,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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