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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Apartment buildings
4401 76th W Ave, University Place, WA 98466-3741
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1088295
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD FRAME
Total area
13,424 SF
Lot
0.58 ac (25,250 SF)
Zoning code
MF
APN
2653000170
UPID
US90-1088295
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
$2.35M
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.37M
Owner & transaction history
Olympic Holdings 4401 LLC · 2 yrs held
Olympic Holdings 4401 LLC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
MF · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.3M
+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
$2,265,000
ML approach
$2,345,000
CAP Approach
CAP Return
Estimation
6%
$2,560,000
6.5%
$2,365,000
7%
$2,195,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,780,000
Current use
MEDICAL BUILDING
$3,285,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $2.70M (Aug 23 2023)
Last sale anchor
$2.70M
Aug 23 2023
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
$177 / 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
$26,072
Tax year 2024
Assessed value
$2,168,200
Assessed 2024
Previous assessed
$2,168,200
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,005,500
Assessed improvement
$1,162,700
Land market value
$1,005,500
Improvement market value
$1,162,700
Total market value
$2,168,200
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
1969
Construction
WOOD FRAME
Heating
RADIANT
Stories
2
Units
15
Total area
13,424 SF
Lot
0.58 ac (25,250 SF)
Zoning code
MF
APN
2653000170
UPID
US90-1088295
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF · University Place, WA
Zoning MF · permitted uses
MF · 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
$2.8M
MEDICAL BUILDING
Est. value
$3.3M
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
1969
Construction
WOOD FRAME
Heating
RADIANT
Stories
2
Units
15
Lot
0.58 ac
Current owner
From public records · entity-resolved
Olympic Holdings 4401 LLC
Entity
Mailing address
2700 POST OAK BLVD, HOUSTON, TX 77056-5784
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2023
$2,700,000
Olympic Holdings 4401 LLC
Walter Ross Fillippone
Warranty Deed
$2,025,000 · Walter Ross Fillippone Etux
Jun 20, 2008
$1,128,200
Walter Ross Fillippone
Scott Huntington
Warranty Deed
$801,000 · Washington Mutual Bank
Sep 25, 2002
$725,000
Scott Huntington
Thureson,david & Nora A
Grant Deed
$543,750 · Westsound Bank
Jan 13, 1995
$520,000
David Thureson
Pooley,william E & Barbara A
Grant Deed
$344,000 · Cascade Savings Bank
—
—
Scott Huntington
—
Deed Of Trust
related
$150,615 · Pierce Commercial Bank
—
—
Scott Hubtington
—
Deed Of Trust
related
$145,000 · David & Nora A Thureson
—
—
Douglas A Huntington
—
Deed Of Trust
related
$546,200 · Columbia State Bank
—
—
Scott Huntington
—
Deed Of Trust
related
$185,500 · Viking Bank
—
—
Douglas A Huntington
—
Deed Of Trust
related
$242,524 · Columbia State Bank
—
—
Douglas A Huntington
—
Deed Of Trust
related
$100,000 · Columbia State 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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