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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Apartment buildings
3318 43rd St, Tacoma, WA 98409-5572
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1691322
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Construction
WOOD FRAME
Total area
9,142 SF
Lot
0.15 ac (6,350 SF)
Zoning code
RCX
APN
2890001181
UPID
US90-1691322
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
$1.61M
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$1.31M
Owner & transaction history
Trio Two LLC · 14 yrs held
Trio Two LLC
since 2011
7 recorded transactions
Zoning & alternative use
RCX · Tacoma, 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 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%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,020,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$143 / 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
$23,601
Tax year 2024
Assessed value
$2,123,800
Assessed 2024
Previous assessed
$2,123,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$248,800
Assessed improvement
$1,875,000
Land market value
$248,800
Improvement market value
$1,875,000
Total market value
$2,123,800
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
2008
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
3
Units
8
Bathrooms
1
Total area
9,142 SF
Lot
0.15 ac (6,350 SF)
Zoning code
RCX
APN
2890001181
UPID
US90-1691322
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RCX · Tacoma, WA
Zoning RCX · permitted uses
RCX · 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
INDUSTRIAL (GENERAL)
Est. value
$2.0M
INDUSTRIAL (GENERAL)
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
2008
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Units
8
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Trio Two LLC
Entity
Mailing address
1 N TACOMA AVE STE #200, TACOMA, WA 98403-3131
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2013
—
Trio Two LLC
—
Deed Of Trust
related
$1,680,000 · Opus Bank
Aug 30, 2012
—
Trio Two LLC
—
Deed Of Trust
related
$1,680,000 · Opus Bank
Jul 27, 2011
—
Trio Two LLC
Lawson,mark A & Jodie J
Warranty Deed
—
Dec 30, 2008
—
Mark A Lawson
—
Deed Of Trust
related
$1,895,000 · Rainier Pacific Bank
Jun 30, 2006
$199,000
Mark A Lawson
Radke,adam M
Warranty Deed
—
Jul 8, 2005
$196,000
Adam M Radke
Davis,joyce E
Warranty Deed
$156,800 · First Magnus Financial Corp
Oct 14, 1994
—
Joyce E Davis
Davis,jack A
Quit Claim Deed
related
$33,300 · Directors Mortgage Loan Corp
—
—
Jimmy D Scott
—
Deed Of Trust
related
$60,000 · Educational Employees Cu
—
—
Joyce E Davis
—
Deed Of Trust
related
$59,000 · America's Wholesale Lender
—
—
Mark A Lawson
—
Deed Of Trust
related
$192,000 · Homestreet Bank
—
—
Joyce E Davis
—
Deed Of Trust
related
$61,400 · Countrywide Home Loans INC
—
—
Mark A Lawson
—
Deed Of Trust
related
$1,925,000 · Pacific Crest Savings Bank
—
—
Joyce E Davis
—
Deed Of Trust
related
$102,000 · First Northwest Mortgage
—
—
Jimmy D Scott
—
Deed Of Trust
related
$25,000 · Security Pacific National Bank
—
—
Jimmy D Scott
—
Deed Of Trust
related
$19,531 · Pacific First Fsb
—
—
Joyce E Davis
—
Deed Of Trust
related
$15,000 · Countrywide Home Loans INC
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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