New search
Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Apartment buildings
3011 Bridgeport W Way, University Place, WA 98466-4633
Entity Owned
3-yr Hold
Property ID
US90-0403305
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
FRAME
Total area
4,526 SF
Lot
0.28 ac (12,197 SF)
Zoning code
MUO
APN
220108017
UPID
US90-0403305
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
$510k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$725k
Owner & transaction history
Ehl Investments LLC · 3 yrs held
Ehl Investments LLC
since 2022
Last sale
$856,500
7 recorded transactions
Zoning & alternative use
MUO · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$630,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$935,000
Current use
MEDICAL BUILDING
$1,110,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $857k (Aug 1 2022)
Last sale anchor
$857k
Aug 1 2022
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
$160 / 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
$11,341
Tax year 2024
Assessed value
$959,400
Assessed 2024
Previous assessed
$959,400
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$297,000
Assessed improvement
$662,400
Land market value
$297,000
Improvement market value
$662,400
Total market value
$959,400
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
1980
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
6
Total area
4,526 SF
Lot
0.28 ac (12,197 SF)
Zoning code
MUO
APN
220108017
UPID
US90-0403305
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUO · University Place, WA
Zoning MUO · permitted uses
MUO · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$935,000
MEDICAL BUILDING
Est. value
$1.1M
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
1980
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
6
Lot
0.28 ac
Current owner
From public records · entity-resolved
Ehl Investments LLC
Entity
Mailing address
10703 174TH AVE E, BONNEY LAKE, WA 98391-5170
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$856,500
Ehl Investments LLC
Chinook Ave LLC
Warranty Deed
$606,500 · Chinook Ave LLC
Aug 14, 2017
—
Chinook Ave LLC
—
Deed
related
$205,000 · Us Bank NA
Dec 14, 2012
—
Ralph M Shulich
Shulich Family Living Trust
Quit Claim Deed
related
—
Jan 5, 2010
$450,000
Ralph M Shulich JR
2007 Jd Properties LLC
Warranty Deed
$249,750 · Us Bank NA
Aug 13, 2007
—
2007 Jd Properties LLC
Gleixner,jason & Dana
Quit Claim Deed
related
—
Oct 18, 2004
$382,000
Jason Gleixner
Kramer Trust
Warranty Deed
$305,600 · Fieldstone Mortgage Co
—
—
Valen K Kramer
—
Deed Of Trust
related
$40,000 · Puget Sound Title Co
—
—
Jason Gleixner
—
Deed Of Trust
related
$410,800 · Bear Stearns Resid'l Mtg Corp
—
—
Valen K Kramer
—
Deed Of Trust
related
$189,250 · Homestreet Bank
—
—
Jason A Gleixner
—
Deed Of Trust
related
$12,964 · Ray T & Neva C Smith
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?”
You own 3011 Bridgeport W Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
