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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Apartment buildings
2940 73rd Ave W Ct, Tacoma, WA 98466-4223
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2657753
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Total area
10,008 SF
Lot
1.7 ac (74,183 SF)
Zoning code
MF
APN
9435000224
UPID
US90-2657753
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
$1.77M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.64M
Owner & transaction history
Townhomes At Unvi Place LLC · 7 yrs held
Townhomes At Unvi Place LLC
since 2019
6 recorded transactions
Zoning & alternative use
MF · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+18.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,635,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,075,000
Current use
MEDICAL BUILDING
$2,450,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±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
$164 / 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
$94,812
Tax year 2024
Assessed value
$7,715,100
Assessed 2024
Previous assessed
$7,715,100
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,720,500
Assessed improvement
$5,994,600
Land market value
$1,720,500
Improvement market value
$5,994,600
Total market value
$7,715,100
Applied tax rate
752.0000
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
2021
Heating
ELECTRIC
Buildings
5
Stories
2
Units
8
Bathrooms
16
Total area
10,008 SF
Lot
1.7 ac (74,183 SF)
Zoning code
MF
APN
9435000224
UPID
US90-2657753
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF · Tacoma, WA
Zoning MF · permitted uses
MF · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
2021
Heating
ELECTRIC
Stories
2
Buildings
5
Units
8
Bathrooms
16
Lot
1.7 ac
Current owner
From public records · entity-resolved
Townhomes At Unvi Place LLC
Entity
Free & Clear · 7 yrs held
Mailing address
6240 TACOMA MALL BLVD STE #102, TACOMA, WA 98409-6819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Apr 28, 2023
—
The Townhomes At University Place L
—
Deed
related
$8,100,000 · Berkadia Commercial Mortgage LLC
Nov 4, 2019
—
Townhomes At Unvi Place LLC
—
Trustees Deed
related
$7,500,000 · First Sec Bk/wa
Jun 24, 2019
—
Townhomes At Unvi Place LLC
Signature Investments INC
Quit Claim Deed
related
—
Jun 28, 2013
$375,000
Signature Investments LLC
Western Morrison LLC
Warranty Deed
$300,000 · Western Morrison LLC
Jul 17, 2003
$313,495
Western Morrison LLC
Newport West Land & Developmen
Quit Claim Deed
related
$200,000 · Ritchie Group
—
—
West Land Newport
—
Deed Of Trust
related
$75,000 · First Community Bank Washingto
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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