Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$260,000
Apartment buildings
3209 45th St Tacoma, WA 98409-5532
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1460193
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Construction
FRAME
Total area
1,338 SF
Lot
0.02 ac (963 SF)
Zoning code
RCX
APN
5003770010
UPID
US90-1460193
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
$260k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$260k
Owner & transaction history
Wrei 1 LLC · 7 yrs held
Wrei 1 LLC
since 2018
4 recorded transactions
Zoning & alternative use
RCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RCX: Residential Commercial Mixed-Use District The RCX District is primarily residential in nature. Commercial uses in this district are small in scale and serve the immediate neighborhood. These districts provide housing on the perimeter of more intense commercial zones and are often a transition area to single -family neighborhoods. These districts provide…
Zone name
Residential Commercial Mixed Use
General category
MIXED_USE
Zone area
299.37 ac
Source
Ordinance Table
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
$260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$260k
Range $234k – $286k · ±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
$194 / 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
$2,755
Tax year 2024
Assessed value
$247,000
Assessed 2024
Previous assessed
$247,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$38,300
Assessed improvement
$208,700
Land market value
$38,300
Improvement market value
$208,700
Total market value
$247,000
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
2007
Construction
FRAME
Heating
BASEBOARD
Stories
3
Units
1
Bathrooms
1
Total area
1,338 SF
Lot
0.02 ac (963 SF)
Zoning code
RCX
APN
5003770010
UPID
US90-1460193
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RCX · Tacoma, WAZoning RCX · permitted uses
RCX · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RCX: Residential Commercial Mixed-Use District The RCX District is primarily residential in nature. Commercial uses in this district are small in scale and serve the immediate neighborhood. These districts provide housing on the perimeter of more intense commercial zones and are often a transition area to single -family neighborhoods. These districts provide for an opportunity for employment close to home. The maximum building height in this district is 60 feet.
Zone name
Residential Commercial Mixed Use
General category
MIXED_USE
Zone area
299.37 ac
Source
Ordinance Table
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
BASEBOARD
Stories
3
Units
1
Bathrooms
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Wrei 1 LLC
Entity
Mailing address
4934 N SCENIC VW LN, TACOMA, WA 98407-1365
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2018
—
Wrei 1 LLC
—
Deed
related
$1,100,000 · Boeing Emps Cu
—
—
Wrei 1 LLC
—
Deed Of Trust
related
—
—
—
Wrei 1 LLC
—
Deed Of Trust
related
$1,100,000 · Boeing Emps Cu
—
—
Wrei 1 LLC
—
Deed Of Trust
related
$1,672,500 · 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.
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 3209 45th St?
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.
