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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Apartment buildings
5015 Orch St Tacoma, WA 98467-4811
Entity Owned
5-yr Hold
Property ID
US90-0427081
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
FRAME
Total area
3,728 SF
Lot
0.17 ac (7,507 SF)
Zoning code
R3
APN
6554000130
UPID
US90-0427081
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
$695k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$710k
Owner & transaction history
Empyrean Investments II LLC · 5 yrs held
Empyrean Investments II LLC
since 2021
Last sale
$710,000
6 recorded transactions
Zoning & alternative use
R3 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinance Table
Top alternative use upside
Commercial (general)
$1.2M
+48.9%
Retail stores
$1.1M
+45.8%
Warehouse, storage
$1.1M
+44.7%
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
$710,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$770,000
Current use
COMMERCIAL (GENERAL)
$1,150,000
Change: +49% · Conversion: Moderate
RETAIL STORES
$1,125,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,115,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$910,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $710k (Jul 12 2021)
Last sale anchor
$710k
Jul 12 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
$190 / 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
$8,611
Tax year 2024
Assessed value
$774,200
Assessed 2024
Previous assessed
$774,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$199,700
Assessed improvement
$574,500
Land market value
$199,700
Improvement market value
$574,500
Total market value
$774,200
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
1982
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Total area
3,728 SF
Lot
0.17 ac (7,507 SF)
Zoning code
R3
APN
6554000130
UPID
US90-0427081
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Tacoma, WAZoning R3 · permitted uses
R3 · 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
$770,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$910,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1982
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Empyrean Investments II LLC
Entity
Mailing address
22424 76TH AVE SE, WOODINVILLE, WA 98072-9564
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
—
Empyrean Investments II LLC
Justin Hwa
Quit Claim Deed
related
—
Mar 10, 2021
$710,000
Justin Hwa
5015 S Orchard LLC
Warranty Deed
$532,500 · Guild Mortgage Co
Apr 19, 2019
—
5015 S Orchard LLC
Russell,lynn M & Gabriel R
Quit Claim Deed
related
—
Jan 10, 1991
$146,500
John Liptak
Unknown
Grant Deed
$102,550 · Washington Mutual Fsb
—
—
John J Liptak
—
Deed Of Trust
related
$103,000 · Ryland Mortgage Co
—
—
Lynn M Russell
—
Deed Of Trust
related
$159,500 · Countrywide Home Loans INC
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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