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Property profile & analytics
OFF-MARKET
Retail space
3205 Tapps E Dr Lake Tapps, WA 98391-9117
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1263608
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
WOOD FRAME
Total area
2,817 SF
Lot
0.47 ac (20,512 SF)
Zoning code
NC
APN
5065001850
UPID
US90-1263608
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
Tapps Marine Management LLC · 7 yrs held
Tapps Marine Management LLC
since 2018
6 recorded transactions
Zoning & alternative use
NC · Lake Tapps, 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 Lake Tapps submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Tapps 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
$7,398
Tax year 2024
Assessed value
$658,000
Assessed 2024
Previous assessed
$658,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$505,600
Assessed improvement
$152,400
Land market value
$505,600
Improvement market value
$152,400
Total market value
$658,000
Applied tax rate
378.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,817 SF
Lot
0.47 ac (20,512 SF)
Zoning code
NC
APN
5065001850
UPID
US90-1263608
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · Lake Tapps, WAZoning NC · permitted uses
NC · Lake Tapps, WA
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
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Tapps Marine Management LLC
Entity
Mailing address
3911 LK WASHINGTON BLVD SE, BELLEVUE, WA 98006-1117
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2018
$1,250,000
Tapps Marine Management LLC
Tapps 3205 LLC
Warranty Deed
$1,000,000 · Commerce Bk/wa
Mar 9, 2009
—
Tapps 3205 LLC
Flinchbaugh,jon C & Cynthia J
Warranty Deed
—
May 19, 1999
$335,000
Jon C Flinchbaugh
Clifford,james R & Susan M
Grant Deed
$268,000 · Washington Mutual Fsb
—
—
Tapps 3205 LLC
—
Loan Modification
related
$300,000 · Columbia St Bk
—
—
Jon C Flinchbaugh
—
Deed Of Trust
related
$275,000 · Mt Rainier National Bank
—
—
Jon C Flinchbaugh
—
Deed Of Trust
related
$68,986 · Richard C & Barbara S Flinchbaugh
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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