Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Apartment buildings
5014 58th St Tacoma, WA 98409-1337
Individually Owned
5-yr Hold
Property ID
US90-3140886
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
FRAME
Total area
3,568 SF
Lot
0.34 ac (14,740 SF)
Zoning code
R2
APN
6551000050
UPID
US90-3140886
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
$820k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$805k
Owner & transaction history
Jiayi Shen · 5 yrs held
Jiayi Shen
since 2021
Last sale
$805,000
7 recorded transactions
Zoning & alternative use
R2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinance Table
Top alternative use upside
Commercial (general)
$950,000
+4.5%
Warehouse, storage
$940,000
+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
$805,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$910,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: +5% · Conversion: Moderate
WAREHOUSE, STORAGE
$940,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$875,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$740,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $805k (May 17 2021)
Last sale anchor
$805k
May 17 2021
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
$226 / 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
$8,211
Tax year 2024
Assessed value
$738,200
Assessed 2024
Previous assessed
$738,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$229,400
Assessed improvement
$508,800
Land market value
$229,400
Improvement market value
$508,800
Total market value
$738,200
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
1978
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Total area
3,568 SF
Lot
0.34 ac (14,740 SF)
Zoning code
R2
APN
6551000050
UPID
US90-3140886
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Tacoma, WAZoning R2 · permitted uses
R2 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinance Table
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$950,000
WAREHOUSE, STORAGE
Est. value
$940,000
MEDICAL BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$740,000
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
1978
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Jiayi Shen
Individual
Mailing address
12655 NE 87TH ST, KIRKLAND, WA 98033-5945
Ownership since
2021
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
May 17, 2021
$805,000
Jiayi Shen
Bok S Cho
Warranty Deed
$603,750 · United Wholesale Mortgage
Dec 31, 2018
—
Bok S Cho
—
Deed
related
$390,000 · Seattle Pacific Mortgage INC
Jun 1, 2018
$520,000
Bok S Cho
Shu C Chang
Warranty Deed
$390,000 · Wadot Cap
May 31, 2018
$520,000
Bok S Cho
Shu C Chang
Warranty Deed
$390,000 · Wadot Cap
Sep 6, 2016
$354,719
Shu Chuan Chang
Chao Zhao
Warranty Deed
$266,250 · Graystone Mortgage LLC
Sep 6, 2016
—
Shu C Chang
Lin,hung M
Quit Claim Deed
related
—
Nov 1, 2012
$251,000
Chao Zhao
Ahmed,mohamed A
Warranty Deed
—
Feb 5, 2009
—
Mohammed A Ahmed
Saeed,rasha A
Quit Claim Deed
related
—
Feb 5, 2009
$247,000
Mohammed A Ahmed
Bear Stearns 2006-ac5
Grant Deed
—
Dec 8, 2008
$326,953
Bear Stearns Series 2006-ac5
Quality Loan Svc Corp Of Wa
Trustees Deed
related
—
Jun 30, 2006
$378,000
Daniel E Hartjoy
Charleston D Grimes
Warranty Deed
$301,600 · Central Pacific Mortgage Co
May 13, 2005
$339,950
Charleston D Grimes
Daran Kravanh
Warranty Deed
$254,950 · Aegis Wholesale Corp
Jan 17, 2003
$224,000
Donald Chee
Mitchell,albert
Grant Deed
$220,539 · Apreva INC
Sep 20, 2000
$199,610
Albert Mitchell
Anderson Trust
Grant Deed
$176,645 · First Horizon Home Loan Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5014 58th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
