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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Apartment buildings
3336 Bridgeport W Way 8919, University Place, WA 98466-4511
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0904142
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD FRAME
Total area
5,644 SF
Lot
0.27 ac (11,925 SF)
Zoning code
MUO
APN
5785001392
UPID
US90-0904142
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
$955k
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$900k
Blend (final)
Blend
$935k
Owner & transaction history
3332 LLC · 6 yrs held
3332 LLC
since 2020
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
MUO · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+18.2%
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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$900,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,170,000
Current use
MEDICAL BUILDING
$1,380,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $1.11M (Jun 12 2020)
Last sale anchor
$1.11M
Jun 12 2020
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
$166 / 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
$14,721
Tax year 2024
Assessed value
$1,244,700
Assessed 2024
Previous assessed
$1,244,700
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$394,400
Assessed improvement
$850,300
Land market value
$394,400
Improvement market value
$850,300
Total market value
$1,244,700
Applied tax rate
752.0000
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
1977
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
2
Stories
2
Units
7
Total area
5,644 SF
Lot
0.27 ac (11,925 SF)
Zoning code
MUO
APN
5785001392
UPID
US90-0904142
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUO · University Place, WA
Zoning MUO · permitted uses
MUO · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.4M
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
1977
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
2
Units
7
Lot
0.27 ac
Current owner
From public records · entity-resolved
3332 LLC
Entity
Mailing address
4110 SW 314TH ST, FEDERAL WAY, WA 98023-2173
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
—
3332 LLC
—
Deed
related
$1,326,000 · Everbank NA
Jun 12, 2020
—
3332 LLC
Boyd L Daniels
Quit Claim Deed
related
$1,085,000 · Orix R/e Cap
Apr 28, 2017
$1,109,719
Lee Daniels Boyd
Bridgeport Terrace LLC
Warranty Deed
$832,500 · Pacific Crest Savings Bank
Nov 4, 2003
$550,000
Bridgeport Terrace LLC
Zetterberg,lloyd W & Frances E
Grant Deed
$430,000 · Lloyd W & Frances E Zetterberg
Feb 22, 1999
—
University City Wa
Zetterberg,lloyd W & Frances E
Grant Deed
related
—
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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