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    Property profile & analytics
    OFF-MARKET Estimated value $1,240,000
    Apartment buildings

    5402 35th Ave Gig Harbor, WA 98335-8278

    8,664 SF 14.89 ac lot Built 1992
    Entity Owned 20-yr Hold ~ Est. High Equity
    Property ID
    US90-1320967
    Google Maps
    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (100+ UNITS)
    Year built 1992
    Construction WOOD FRAME
    Total area 8,664 SF
    Lot 14.89 ac (648,608 SF)
    Zoning code RB-2
    APN 221177042
    UPID US90-1320967
    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
    Current use
    Occupant on record · Public records
    • Forest Grove Apartments Apartment Building Apartment Complex
    1 occupant on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.01M
    CAP Approach CAP
    $1.62M
    Comparable Approach Comparable
    $1.09M
    Blend (final) Blend
    $1.24M
    Owner & transaction history
    Erickson Forest Grove LLC · 20 yrs held
    Erickson Forest Grove LLC
    since 2006
    7 recorded transactions
    2017
    Price N/A
    2006
    Price N/A
    2000
    $8.0M
    1999
    Price N/A
    1992
    $6.3M
    1969
    Price N/A
    1969
    Price N/A
    Zoning & alternative use
    RB-2 · Gig Harbor, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Zoning description

    Residential and Business District (RB-2) 17.31 Downtown Business District (DB) 17.32 Neighborhood Commercial District (B-1) 17.36 General Business District (B-2) 17.40 Commercial District (C-1) 17.41 Planned Community Development Commercial (PCD-C) 17.45 Employment District (ED) 17.46 Waterfront Residential (WR) 17.48 Waterfront Millville (WM) 17.50 Waterfro…

    Zone name Residential And Business District
    General category COMMERCIAL
    Zone area 146.79 ac
    Source Ch. 17.16 Single-Family Residential (R-1) | Gig Harbor Municipal Code
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