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Property profile & analytics
OFF-MARKET
Estimated value
$9,680,000
Apartment buildings
320 Israel SW Rd Tumwater, WA 98501-6583
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1732230
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD FRAME
Total area
7,952 SF
Lot
2.6 ac (113,256 SF)
APN
5640-00-01400
UPID
US90-1732230
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
$9.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.01M
Blend (final)
Blend
$9.68M
Owner & transaction history
Suncrest Tumwater LLC · 4 yrs held
Suncrest Tumwater LLC
since 2021
Last sale
$9.9M
6 recorded transactions
Zoning & alternative use
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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
$9,530,000
ML approach
$9,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.68M
Range $8.71M – $10.65M · ±10% · vs last sale $9.92M (Sep 1 2021)
Last sale anchor
$9.92M
Sep 1 2021
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
$1,217 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$75,974
Tax year 2023
Assessed value
$7,799,800
Assessed 2022
Previous assessed
$3,456,600
+125.6% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,092,600
Assessed improvement
$6,707,200
Land market value
$1,092,600
Improvement market value
$6,707,200
Total market value
$7,799,800
Applied tax rate
440.0000
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
1969
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WALL UNIT
Buildings
5
Stories
2
Total area
7,952 SF
Lot
2.6 ac (113,256 SF)
APN
5640-00-01400
UPID
US90-1732230
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
5
Lot
2.6 ac
Current owner
From public records · entity-resolved
Suncrest Tumwater LLC
Entity
Mailing address
PO BOX 18379, SEATTLE, WA 98118-0379
Ownership since
2021
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
Sep 1, 2021
$9,920,350
Suncrest Tumwater LLC
Suncrest Investors LLC
Warranty Deed
—
Oct 1, 2014
$3,840,419
Suncrest Investors LLC
Suncrest Apartments LLC
Warranty Deed
$2,400,000 · South Sound Bank
Jan 14, 2004
—
Suncrest Aprtments LLC
Baroness Apartments Associates
Quit Claim Deed
related
—
Mar 13, 2003
$17,500
Gary L Piercy
Berolatti,pete & Joan
Quit Claim Deed
related
—
Jan 21, 2003
$20,000
Gary L Piercey
Mascioli,john D
Quit Claim Deed
related
—
—
—
Suncrest Apartments LLC
—
Deed Of Trust
related
$1,650,000 · Timberland 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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