New search
Property profile & analytics
OFF-MARKET
Estimated value
$22,610,000
High-rise multifamily apartments
3610 Bridgeport W Way, University Place, WA 98466-4341
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-0726214
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
STEEL FRAME
Total area
177,711 SF
Lot
1.32 ac (57,673 SF)
Zoning code
TC
APN
4002560120
UPID
US90-0726214
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
$31.31M
Comparable Approach
Comparable
$15.26M
Blend (final)
Blend
$22.61M
Owner & transaction history
Mixed Use Building LLC · 4 yrs held
Mixed Use Building LLC
since 2021
4 recorded transactions
Zoning & alternative use
TC · University Place, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,915,000
6.5%
$31,305,000
7%
$29,070,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$36,805,000
Current use
Blend value · Realmo final
$22.61M
Range $20.35M – $24.87M · ±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
$127 / 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
$121,976
Tax year 2024
Assessed value
$58,796,600
Assessed 2024
Previous assessed
$58,796,600
+0.0% YoY
Effective rate
0.21%
On assessed value
Assessed land
$5,987,300
Assessed improvement
$52,809,300
Land market value
$5,987,300
Improvement market value
$52,809,300
Total market value
$58,796,600
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
5
Units
125
Total area
177,711 SF
Lot
1.32 ac (57,673 SF)
Zoning code
TC
APN
4002560120
UPID
US90-0726214
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
TC · University Place, WA
Zoning TC · permitted uses
TC · 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
$36.8M
APARTMENT HOUSE (5+ UNITS) Current
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
2018
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
5
Units
125
Lot
1.32 ac
Current owner
From public records · entity-resolved
Mixed Use Building LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3633 MARKET PL W STE #7, UNIVERSITY PLACE, WA 98466-4650
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
Mixed Use Building LLC
City Of University Place
Warranty Deed
—
Aug 31, 2021
—
Lot 12 Mixed Use Building LLC
—
Deed
related
$33,043,000 · Wells Fargo Bank NA
Mar 1, 2018
—
Lot 12 Mixed Use Building LLC
—
Grant Deed
related
$25,600,000 · Wells Fargo Bk Nw NA
Sep 22, 2017
—
Lot 12 Mixed Use Building LLC
City Of University Place
Warranty Deed
—
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 3610 Bridgeport W Way?
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.
