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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Apartment buildings
4400 111th SW St, Tacoma, WA 98499-5179
Entity Owned
~
Est. High Equity
Property ID
US90-0737370
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Construction
WOOD FRAME
Total area
4,395 SF
Lot
0.4 ac (17,375 SF)
Zoning code
MF3
APN
5080001995
UPID
US90-0737370
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
$1.20M
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$898k
Blend (final)
Blend
$1.20M
Owner & transaction history
Silver Octopus LLC
Silver Octopus LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
MF3 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.9M
+8.9%
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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,710,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,865,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,620,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,380,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Jul 28 2025)
Last sale anchor
$1.20M
Jul 28 2025
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
$273 / 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
$8,617
Tax year 2024
Assessed value
$805,600
Assessed 2024
Previous assessed
$805,600
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$302,300
Assessed improvement
$503,300
Land market value
$302,300
Improvement market value
$503,300
Total market value
$805,600
Applied tax rate
760.0000
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
1928
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Units
7
Total area
4,395 SF
Lot
0.4 ac (17,375 SF)
Zoning code
MF3
APN
5080001995
UPID
US90-0737370
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF3 · Tacoma, WA
Zoning MF3 · permitted uses
MF3 · 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
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (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
1928
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Units
7
Lot
0.4 ac
Current owner
From public records · entity-resolved
Silver Octopus LLC
Entity
Mailing address
PO BOX 2249, YELM, WA 98597-2249
Ownership since
2025
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
Oct 28, 2025
$1,200,000
Silver Octopus LLC
Brett A Bredl
Warranty Deed
$900,000 · Dominion Financial Services LLC
Nov 18, 2024
—
Brett A Bredl
Brett A Bredl
Deed
related
—
Nov 18, 2024
$1,200,000
Brett A Bredl
Washington And Rice LLC
Bargain & Sale Deed
$960,000 · Arizona Instant Funding LLC
May 20, 2019
—
Washington & Rice LLC
Borman,steven W & Michelle A
Correction Deed
related
—
May 7, 2019
—
Steven W Borman
Johnson Etta Family Trust
Correction Deed
related
$450,000 · Timberland Bank
Mar 11, 2019
—
Washington & Rice LLC
Borman,steven W & Michelle A
Warranty Deed
—
Jun 22, 2017
$562,219
Steve W Borman
Deward Steven Johnson
Warranty Deed
$450,000 · Timberland 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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