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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Apartment buildings
3701 Orch St, Tacoma, WA 98466-6743
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US90-1258359
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
WOOD FRAME
Total area
11,520 SF
Lot
1.96 ac (85,290 SF)
Zoning code
R3
APN
6555300080
UPID
US90-1258359
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
Current use
Occupant on record · Public records
-
Orchard Terrace Apartment Complex Apartment Building
-
Visionz R Solid Clothing Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.91M
Owner & transaction history
Orchard Terrace Apartments LLC · 25 yrs held
Orchard Terrace Apartments LLC
since 2001
7 recorded transactions
Zoning & alternative use
R3 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.8M
+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 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%
$2,200,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,385,000
Current use
MEDICAL BUILDING
$2,820,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±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
$165 / 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
$212,263
Tax year 2024
Assessed value
$19,109,800
Assessed 2024
Previous assessed
$19,109,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,016,200
Assessed improvement
$18,093,600
Land market value
$1,016,200
Improvement market value
$18,093,600
Total market value
$19,109,800
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 (100+ UNITS)
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
10
Stories
3
Units
12
Total area
11,520 SF
Lot
1.96 ac (85,290 SF)
Zoning code
R3
APN
6555300080
UPID
US90-1258359
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Tacoma, WA
Zoning R3 · permitted uses
R3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.8M
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
1987
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Buildings
10
Units
12
Lot
1.96 ac
Current owner
From public records · entity-resolved
Orchard Terrace Apartments LLC
Entity
Mailing address
2711 W VLY HWY N STE #200, AUBURN, WA 98001-1662
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2019
—
Orchard Terrace Apartments LLC
—
Deed
related
$9,460,000 · Homestreet Bank
Jun 19, 2001
$609,675
Orchard Terrace Apartments LLC
Shore Trust
Grant Deed
—
Jun 19, 2001
$37,642
Orchard Terrace Apartments LLC
Rawitz,mike
Grant Deed
—
Jun 19, 2001
$609,676
Orchard Terrace Apartments LLC
Fowler Trust
Grant Deed
—
Jun 19, 2001
$137,252
Orchard Terrace Apartments LLC
Denckla,c P
Grant Deed
—
Jun 19, 2001
$15,684
Orchard Terrace Apartments LLC
Johnson Trust
Grant Deed
—
Jun 19, 2001
—
C P Denckla
Fsf Orchard Associates LLC
Grant Deed
related
—
Jun 19, 2001
$2,632,041
Fsf Orchard Associates LLC
—
Trustees Deed
related
—
Sep 11, 1996
$3,212,410
Tacoma City
Orchard Terrace Joint Venture
Grant Deed
—
Dec 7, 1994
—
Terrace Orchard
—
Grant Deed
related
$3,280,424 · Us Bancorp Mortgage Corp
—
—
Orchard Terrace Apartments LLC
—
Deed Of Trust
related
$6,500,000 · Homestreet Bank
—
—
Orchard Terrace Apartments LLC
—
Deed Of Trust
related
$1,021,000 · Homestreet 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.
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