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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Apartment buildings
302 Yakima Ave Tacoma, WA 98403-3400
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1459422
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,744 SF
Lot
0.45 ac (19,500 SF)
Zoning code
R4
APN
2033160050
UPID
US90-1459422
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
$2.78M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$2.38M
Owner & transaction history
302 N Yakima LLC · 12 yrs held
302 N Yakima LLC
since 2014
7 recorded transactions
Zoning & alternative use
R4 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+9.6%
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%
$3,005,000
6.5%
$2,775,000
7%
$2,575,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,515,000
Current use
MEDICAL BUILDING
$3,855,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±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
$151 / 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
$83,298
Tax year 2024
Assessed value
$7,498,600
Assessed 2024
Previous assessed
$7,498,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$839,500
Assessed improvement
$6,659,100
Land market value
$839,500
Improvement market value
$6,659,100
Total market value
$7,498,600
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
Off-Market
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Units
18
Total area
15,744 SF
Lot
0.45 ac (19,500 SF)
Zoning code
R4
APN
2033160050
UPID
US90-1459422
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R4 · Tacoma, WA
Zoning R4 · permitted uses
R4 · 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
$3.5M
MEDICAL BUILDING
Est. value
$3.9M
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
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
18
Lot
0.45 ac
Current owner
From public records · entity-resolved
302 N Yakima LLC
Entity
Mailing address
6901 N WISCOMB ST, SPOKANE, WA 99208-5478
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2021
—
302 N Yakima LLC
—
Deed
related
$4,452,000 · Pacific Premier Bank
Aug 1, 2018
—
302 N Yakima LLC
—
Deed
related
$4,323,000 · Opus Bank
Jan 7, 2014
—
302 N Yakima LLC
Williams,frances R
Quit Claim Deed
related
—
Jun 1, 2009
—
Frances R Williams
William Rex L
Quit Claim Deed
related
—
—
—
Jarrell F Mauck
—
Deed Of Trust
related
$70,000 · Mauck Lynn E
—
—
Frances R Williams
—
Deed Of Trust
related
$2,810,000 · First Savings Bank
—
—
Rex L Williams
—
Deed Of Trust
related
$2,160,000 · Union Bank Of California
—
—
Frances R Williams
—
Deed Of Trust
related
$2,860,000 · Sterling Bank
—
—
Rex L Williams
—
Deed Of Trust
related
$1,350,000 · Rainier Pacific 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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