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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Apartment buildings
4901 Fairwood NE Blvd Tacoma, WA 98422-2118
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1535838
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1988
Construction
WOOD FRAME
Total area
7,398 SF
Lot
9.83 ac (428,195 SF)
Zoning code
R2
APN
321236001
UPID
US90-1535838
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
-
The Fairways Real Estate Agency
-
Cristian the barber Barber Shop
-
Infinity Structures Structural Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$968k
Blend (final)
Blend
$1.06M
Owner & transaction history
Fairways Tic I LLC · 10 yrs held
Fairways Tic I LLC
since 2015
5 recorded transactions
Zoning & alternative use
R2 · Tacoma, WA
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
$900,000
CAP Approach
CAP Return
Estimation
6%
$1,410,000
6.5%
$1,305,000
7%
$1,210,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,530,000
Current use
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$143 / 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
$299,683
Tax year 2024
Assessed value
$26,980,500
Assessed 2024
Previous assessed
$26,980,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$7,115,200
Assessed improvement
$19,865,300
Land market value
$7,115,200
Improvement market value
$19,865,300
Total market value
$26,980,500
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
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 (100+ UNITS)
Status
Off-Market
Year built
1988
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Stories
3
Units
9
Total area
7,398 SF
Lot
9.83 ac (428,195 SF)
Zoning code
R2
APN
321236001
UPID
US90-1535838
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Tacoma, WA
Zoning R2 · permitted uses
R2 · 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
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1988
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
11
Units
9
Lot
9.83 ac
Current owner
From public records · entity-resolved
Fairways Tic I LLC
Entity
Mailing address
10100 SANTA MONICA BLVD STE #420, LOS ANGELES, CA 90067-4118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2018
—
Fairways Tic I LLC
—
Grant Deed
related
$10,070,900 · Pnc Bk
Oct 30, 2015
$809,719
Fairways Tic I LLC
Fairfield Fairways Wa LLC
Special Warranty Deed
$52,650,000 · Pnc Bank NA
Mar 30, 2012
—
Fairfield Fairways Wa LLC
Legacy Partners Northshore LP
Warranty Deed
$39,497,000 · Cbre Capital Markets INC
Mar 31, 2005
$50,100,000
Legacy Partners Northshores LP
On The Green Apartments LLC
Warranty Deed
$36,500,000 · Deutsche Bank Berkshire Mortgage In
Apr 1, 1997
—
Commencement Bay I LP
—
Deed Of Trust
related
$23,000,000 · On The Green Apartments LLC
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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