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Property profile & analytics
OFF-MARKET
Apartment buildings
3013 Bridgeport W Way, University Place, WA 98466-4634
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US90-1252030
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
FRAME
Total area
4,576 SF
Lot
0.17 ac (7,405 SF)
Zoning code
MUO
APN
220108018
UPID
US90-1252030
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rainer Ventures LLC · 8 yrs held
Rainer Ventures LLC
since 2018
7 recorded transactions
Zoning & alternative use
MUO · University Place, 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 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
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
$10,923
Tax year 2024
Assessed value
$925,000
Assessed 2024
Previous assessed
$925,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$257,800
Assessed improvement
$667,200
Land market value
$257,800
Improvement market value
$667,200
Total market value
$925,000
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
4,576 SF
Lot
0.17 ac (7,405 SF)
Zoning code
MUO
APN
220108018
UPID
US90-1252030
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.
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Rainer Ventures LLC
Entity
Mailing address
303 W MARTIN LUTHER KING JR BLVD, YAKIMA, WA 98902-2652
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2026
—
Rainer Ventures LLC
—
Deed
related
$659,750 · United Wholesale Mortgage
Oct 19, 2021
—
Rainer Ventures LLC
—
Deed
related
$4,700,000 · Red Canoe Cu
Mar 19, 2020
—
Rainer Ventures LLC
—
Deed
related
$2,284,000 · Red Canoe Cu
Oct 30, 2019
—
Rainer Ventures LLC
—
Deed
related
$1,400,000 · Verity Cu
Jan 30, 2018
—
Rainer Ventures LLC
Bui,albert
Quit Claim Deed
related
$1,500,000 · Red Canoe Cu
May 26, 2017
—
Albert Bui
—
Deed
related
$150,000 · Boeing Emps Cu
Jul 15, 2016
—
Albert Bui
—
Deed
related
$61,700 · Boeing Emps Cu
Sep 24, 2014
$369,719
Albert Bui
2007 Jd Properties LLC
Warranty Deed
$277,500 · New American Funding
Jul 9, 2014
—
Jason Gleixner
I007 Jd Properties LLC
Quit Claim Deed
related
—
Aug 13, 2007
—
2007 Jd Properties LLC
Gleixner,jason & Dana
Quit Claim Deed
related
—
Oct 1, 2004
$382,000
Jason Gleixner
Kramer Trust
Warranty Deed
$305,600 · Fieldstone Mortgage Co
Aug 26, 1998
$221,045
Valen K Kramer
Reim,terry D & Ruthann
Grant Deed
$164,100 · Continental Savings Bank
—
—
Jason Gleixner
—
Deed Of Trust
related
$410,800 · Bear Stearns Resid'l Mtg Corp
—
—
Rainer Ventures LLC
—
Deed Of Trust
related
$1,400,000 · Verity Cu
—
—
Rainer Ventures LLC
—
Deed Of Trust
related
$2,284,000 · Red Canoe Cu
—
—
Valen K Kramer
—
Deed Of Trust
related
$194,800 · Homestreet Bank
—
—
Albert Bui
—
Deed Of Trust
related
$61,700 · Boeing Emps Cu
—
—
Albert Bui
—
Deed Of Trust
related
$150,000 · Boeing Emps Cu
—
—
Valen K Kramer
—
Deed Of Trust
related
$30,000 · Pierce Commercial 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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