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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Apartment buildings
503 Vly NE Ave, Edgewood, WA 98372-2847
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0776192
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2001
Construction
WOOD FRAME
Total area
6,070 SF
Lot
0.97 ac (42,253 SF)
Zoning code
RM-20
APN
420222062
UPID
US90-0776192
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
$885k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$956k
Blend (final)
Blend
$865k
Owner & transaction history
Ta Valley Fee Owner LLC · 4 yrs held
Ta Valley Fee Owner LLC
since 2021
Last sale
$830,621
7 recorded transactions
Zoning & alternative use
RM-20 · Edgewood, 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 Edgewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewood 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
$820,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,160,000
Current use
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $831k (Oct 25 2021)
Last sale anchor
$831k
Oct 25 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
$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
$59,041
Tax year 2024
Assessed value
$5,967,700
Assessed 2024
Previous assessed
$5,967,700
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$830,700
Assessed improvement
$5,137,000
Land market value
$830,700
Improvement market value
$5,137,000
Total market value
$5,967,700
Applied tax rate
96.0000
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
2001
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Units
5
Bathrooms
1
Total area
6,070 SF
Lot
0.97 ac (42,253 SF)
Zoning code
RM-20
APN
420222062
UPID
US90-0776192
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-20 · Edgewood, WA
Zoning RM-20 · permitted uses
RM-20 · Edgewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
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
2001
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
5
Bathrooms
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Ta Valley Fee Owner LLC
Entity
Mailing address
333 S GRAND AVE FL, LOS ANGELES, CA 90071-1504
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
$830,621
Ta Valley Fee Owner LLC
Valley Townhomes Fee Owner LLC
Special Warranty Deed
$61,506,900 · Wells Fargo Bank NA
Sep 16, 2019
$25,760,000
Valley Townhomes Fee Owner LLC
Br Vth Property Owner Dst
Trustees Deed
$19,350,000 · Cbre Cap Markets
Jul 31, 2008
—
Br Valley Townhomes Sub I Dst
Valley Townhomes I LLC
Special Warranty Deed
$8,895,000 · Wells Fargo Bank NA
Mar 25, 2002
—
Valley Townhomes IV LLC
Qunell Trust
Quit Claim Deed
related
$1,535,000 · Homestreet Bank
May 16, 2000
$162,876
Qunell Trust
Anne P Alkire Estate
Grant Deed
—
—
—
Br Vth Property Owner Dst
—
Deed Of Trust
related
$26,400,000 · Keybank USA
—
—
Qunell Trust
—
Deed Of Trust
related
$1,476,298 · Timberland Savings 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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