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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Apartment buildings
4509 Un Ave Tacoma, WA 98409-4508
Entity Owned
Property ID
US90-0494412
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
FRAME
Total area
4,640 SF
Lot
0.15 ac (6,500 SF)
Zoning code
CIX
APN
2890002750
UPID
US90-0494412
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
$815k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.02M
Owner & transaction history
Hssl Real Estate Holding Company Ll
Hssl Real Estate Holding Company Ll
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CIX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+4.5%
Warehouse, storage
$1.2M
+3.1%
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%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,185,000
Current use
COMMERCIAL (GENERAL)
$1,240,000
Change: +5% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,220,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,135,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$965,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.10M (Jun 30 2025)
Last sale anchor
$1.10M
Jun 30 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
$220 / 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
$10,115
Tax year 2024
Assessed value
$909,600
Assessed 2024
Previous assessed
$909,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$193,900
Assessed improvement
$715,700
Land market value
$193,900
Improvement market value
$715,700
Total market value
$909,600
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
1971
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Total area
4,640 SF
Lot
0.15 ac (6,500 SF)
Zoning code
CIX
APN
2890002750
UPID
US90-0494412
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CIX · Tacoma, WA
Zoning CIX · permitted uses
CIX · 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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$965,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
1971
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Hssl Real Estate Holding Company Ll
Entity
Mailing address
440 N BARRANCA AVE #5961, COVINA, CA 91723-1722
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
$1,100,000
Hssl Real Estate Holding Company Ll
Parag M Joshi
Warranty Deed
$715,000 · Lima One Capital LLC
Apr 16, 2021
—
Parag M Joshi
—
Deed
related
$359,000 · American Internet Mortgage INC
Mar 3, 2017
$506,719
Parag M Joshi
Mavis Properties LLC
Warranty Deed
$371,250 · Wells Fargo Bank NA
Feb 10, 2016
—
Mavis Properties LLC
Henderson,matthew
Quit Claim Deed
related
—
Oct 15, 2010
—
Matthew Henderson
—
Trustees Deed
related
$180,000 · Private Lender
Dec 16, 2009
$215,000
Matthew Henderson
Bank Of Ny 2005-he2
Grant Deed
$80,000 · Private Lender
Jun 5, 2009
$327,250
Bank Of Ny Series 2006-he2
Recontrust Co
Trustees Deed
related
—
Sep 24, 2007
—
South Union Rental Prop L 4509
Harutyunyan,armenuhi
Quit Claim Deed
related
—
Mar 15, 2005
$399,000
Armenuha Harutyunyan
Ce Properties II LLC
Warranty Deed
$319,200 · First Bank Mortgage
Oct 22, 2004
—
Ce Properties II LLC
Cothran,volney & Tracy
Quit Claim Deed
related
—
Nov 18, 2003
$295,800
Tracy L Cothran
Shepherd,david E & Jane E
Grant Deed
$266,200 · Greenpoint Mortgage Funding
Oct 13, 2000
$220,000
David E Shepherd
Harris,gary M & Dolores V
Grant Deed
$165,000 · Washington Mutual Fsb
—
—
Matthew Henderson
—
Deed Of Trust
related
$191,000 · Sterling Savings Bank
—
—
Armenuhi Harutyunyan
—
Deed Of Trust
related
$95,500 · Ce Properties
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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