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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Apartment buildings
3925 Tyler St Tacoma, WA 98409-2262
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0570542
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Total area
22,970 SF
Lot
1.61 ac (70,132 SF)
APN
220131136
UPID
US90-0570542
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
-
K&M Property Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$2.62M
Owner & transaction history
Musica,michael · 14 yrs held
Musica,michael
since 2012
7 recorded transactions
Zoning & alternative use
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±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
$114 / 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
$120,837
Tax year 2024
Assessed value
$10,878,400
Assessed 2024
Previous assessed
$10,878,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,308,000
Assessed improvement
$9,570,400
Land market value
$1,308,000
Improvement market value
$9,570,400
Total market value
$10,878,400
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
2021
Heating
FLOOR/WALL FURNACE
Cooling
CENTRAL
Buildings
4
Stories
3
Units
24
Total area
22,970 SF
Lot
1.61 ac (70,132 SF)
APN
220131136
UPID
US90-0570542
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2021
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Buildings
4
Units
24
Lot
1.61 ac
Current owner
From public records · entity-resolved
Musica,michael
Individual
Mailing address
PO BOX 111882, TACOMA, WA 98411-1882
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2021
—
Michael Musica
—
Deed
related
$6,885,000 · Timberland Bank
May 17, 2012
$81,125
Musica,michael
Deutsche Bank 2007-he1
Grant Deed
—
May 17, 2012
—
Musica,michael
Karen A Muscia
Quit Claim Deed
related
—
Mar 13, 2009
$202,500
Wamu,series 2007-he1 Trust
Northwest Te Svcs INC
Trustees Deed
—
Nov 30, 2006
$345,000
Lee,samuel H
Elisapeta Perosi
Warranty Deed
$310,500 · Washington Mutual Bk
—
—
Musica,michael S
—
Deed Of Trust
related
$93,000 · Timberland Bk
—
—
Perosi,elisapeta
—
Deed Of Trust
related
$189,500 · Long Bch Mtg
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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