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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Apartment buildings
5017 Orch St Tacoma, WA 98467-3663
Individually Owned
5-yr Hold
Property ID
US90-3091482
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Construction
FRAME
Total area
3,728 SF
Lot
0.2 ac (8,731 SF)
Zoning code
R3
APN
6554000210
UPID
US90-3091482
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
$455k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$385k
Owner & transaction history
Sergio Morales · 5 yrs held
Sergio Morales
since 2020
Last sale
$605,000
7 recorded transactions
Zoning & alternative use
R3 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinance Table
Top alternative use upside
Medical building
$910,000
+18.2%
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
$385,000
ML approach
$455,000
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
MEDICAL BUILDING
$910,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$385k
Range $347k – $424k · ±10% · vs last sale $605k (Dec 8 2020)
Last sale anchor
$605k
Dec 8 2020
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
$103 / 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
$8,671
Tax year 2024
Assessed value
$779,600
Assessed 2024
Previous assessed
$779,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$206,000
Assessed improvement
$573,600
Land market value
$206,000
Improvement market value
$573,600
Total market value
$779,600
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
1981
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Total area
3,728 SF
Lot
0.2 ac (8,731 SF)
Zoning code
R3
APN
6554000210
UPID
US90-3091482
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
MEDICAL BUILDING
Est. value
$910,000
APARTMENT HOUSE (5+ UNITS) Current
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
1981
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Sergio Morales
Individual
Mailing address
2519 S 288TH ST, FEDERAL WAY, WA 98003-7904
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
—
Sergio Morales
—
Deed
related
$595,000 · United Wholesale Mortgage
Dec 8, 2020
$605,000
Sergio Morales
Roy Armstrong
Warranty Deed
$583,866 · Home Point Financial Corporation
Nov 4, 2020
—
Roy Armstrong
—
Deed Of Trust
related
$441,000 · Certain Lndg INC
Dec 23, 2019
—
Roy Armstrong
—
Deed
related
$100,000 · Boeing Emps Cu
Oct 28, 2009
$275,000
Roy Armstrong
Lynum,mark C
Warranty Deed
$206,250 · Oxbow Cr Co LLC
May 24, 2002
$267,582
Mark C Lynum
Bunch,ronlad L & Cynthia J
Grant Deed
$161,000 · Golf Savings Bank
Sep 29, 2000
$222,791
Cynthia J Ave
Bentley,emilie
Grant Deed
$153,200 · Greenpoint Mortgage Funding
—
—
Roy Armstrong
—
Deed Of Trust
related
$100,000 · Boeing Emps Cu
—
—
Cynthia J Ave
—
Deed Of Trust
related
$179,100 · Greenpoint Mortgage Funding
—
—
Cynthia J Bunch
—
Deed Of Trust
related
$184,000 · Wells Fargo Home Mortgage INC
—
—
Mark C Lynum
—
Deed Of Trust
related
$228,000 · American Home Mtg Acceptance
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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