Entity Owned Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Total area
7,253 SF
Lot
14.89 ac (648,608 SF)
Zoning code
ROC
APN
319257025
UPID
US90-0728707
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$927k
Blend (final)
Blend
$1.14M
Owner & transaction history
since 2008
3 recorded transactions
Zoning & alternative use
ROC · Lake Tapps, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.14M
Value range
$1.03M – $1.25M
±10% around blend
Estimated value / SF
$157 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$1.03M
blend $1.14M
$1.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,253 SF
Lot area
14.89 ac
Year built
2021
Stories
3
APN
319257025
Zoning
ROC
Assessed value
$27,889,800
Annual tax
$324,964
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.35M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.47M
@ 6.5% CAP return
$1.35M
@ 7% CAP return
$1.26M
4
Sales comparison
Partial preview
Sales approach indication
$2.03M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.2 mi away · 6,066 SF
7.5 mi away · 7,296 SF
11.6 mi away · 5,140 SF
13.1 mi away · 6,720 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.14M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 27 sales
$312
-50%
County 597 sales
$236
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $157/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
7.60%
Implied, in-place cap rate for this apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.60%
9.0%
NOI (est.)
$1.95M *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$25.69M
Move the market yield to see immediate price impact.
Value / SF
$3,542
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.10%7.60%8.10%
$1.76M
$24.75M
$23.12M
$21.69M
$1.95M
$27.50M
$25.69M
$24.10M
$2.15M
$30.25M
$28.26M
$26.51M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.25M
6.8 mi · Feb 2026 · $331/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$324,964
Tax year 2024
Assessed value
$27,889,800
Assessed 2024
Previous assessed
$27,889,800
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$4,995,200
Assessed improvement
$22,894,600
Land market value
$4,995,200
Improvement market value
$22,894,600
Total market value
$27,889,800
Applied tax rate
591.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
FORCED AIR
Buildings
16
Stories
3
Units
5
Bathrooms
1
Total area
7,253 SF
Lot
14.89 ac (648,608 SF)
Zoning code
ROC
APN
319257025
UPID
US90-0728707
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
ROC · Lake Tapps, WAZoning ROC · permitted uses
ROC · Lake Tapps, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2021
Heating
FORCED AIR
Stories
3
Buildings
16
Units
5
Bathrooms
1
Lot
14.89 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ROC
Jurisdiction
Lake Tapps, WA
Recorded code
ROC
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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