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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Apartment buildings
5016 58th St, Tacoma, WA 98409-1338
Individually Owned
17-yr Hold
Property ID
US90-3047110
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
6551000060
UPID
US90-3047110
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
$630k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Narinderpaul K Gill · 17 yrs held
Narinderpaul K Gill
since 2009
7 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
by Request
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
RETAIL STORES
$740,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$142 / 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
$8,110
Tax year 2024
Assessed value
$729,100
Assessed 2024
Previous assessed
$729,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$229,400
Assessed improvement
$499,700
Land market value
$229,400
Improvement market value
$499,700
Total market value
$729,100
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
6551000060
UPID
US90-3047110
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
RETAIL STORES
Est. value
$740,000
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
Narinderpaul K Gill
Individual
Mailing address
27410 MARINE VW DR S, DES MOINES, WA 98198-9346
Ownership since
2009
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
Nov 18, 2020
—
Narinderpaul K Gill
—
Deed
related
$155,000 · Gesa Cu
May 28, 2009
—
Narinderpaul K Gill
Gill,navdeep
Quit Claim Deed
related
—
May 28, 2009
$225,000
Narinderpaul K Gill
Northwest Te Svcs INC
Grant Deed
—
Dec 15, 2008
$321,008
Federal Natl Mtg Assn Fnma
Regional Te Svcs Corp
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
Apr 2, 2004
$280,000
Daran Kravanh
Chee,donald
Warranty Deed
$224,000 · America's Wholesale Lender
Mar 30, 2004
$275,506
Daran Kravanh
Chee,donald
Grant Deed
$266,000 · Novastar Home Mortgage INC
Mar 30, 2004
$280,000
Daran Kravanh
Chee,donald
Warranty Deed
$266,000 · Novastar Home Mortgage INC
Apr 4, 2003
$279,216
Donald Chee
Schofield,lawrence A
Grant Deed
$240,000 · Key Bank USA NA
Jun 10, 1996
$167,500
Lawrence A Schofield
Schumacher,walter & Susan H
Grant Deed
$163,855 · Golden Empire Mortgage INC
—
—
Lawerence A Schofield
—
Deed Of Trust
related
$160,878 · Countrywide Home Loans INC
—
—
Narinderpaul K Gill
—
Deed Of Trust
related
$2,880,000 · Pacific City Bank
—
—
Narinderpaul K Gill
—
Deed Of Trust
related
$2,880,000 · Pacific City Bank
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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