Entity Owned Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1981
Construction
WOOD FRAME
Total area
6,112 SF
Lot
7.55 ac (328,704 SF)
Zoning code
MFH
APN
220234207
UPID
US90-1502867
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$960k
Owner & transaction history
since 2015
7 recorded transactions
Zoning & alternative use
MFH · W, WA
Top alternative use upside
Medical building
$1.5M
+18.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$960k
Value range
$864k – $1.06M
±10% around blend
Estimated value / SF
$157 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
90
$864k
blend $960k
$1.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,112 SF
Lot area
7.55 ac
Year built
1981
Stories
2
APN
220234207
Assessed value
$23,272,100
Annual tax
$281,769
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.08M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.17M
@ 6.5% CAP return
$1.08M
@ 7% CAP return
$1.00M
4
Sales comparison
Partial preview
Sales approach indication
$1.52M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.0 mi away · 7,296 SF
3.2 mi away · 6,798 SF
3.5 mi away · 4,395 SF
4.3 mi away · 5,064 SF
4.5 mi away · 5,140 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$960k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 376 sales
$207
-24%
County 597 sales
$236
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $157/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+18%
vs current-use indication
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
8.30%
Implied, in-place cap rate for this apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.30%
9.0%
NOI (est.)
$1.63M *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$19.63M
Move the market yield to see immediate price impact.
Value / SF
$3,211
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.80%8.30%8.80%
$1.47M
$18.80M
$17.66M
$16.66M
$1.63M
$20.89M
$19.63M
$18.51M
$1.79M
$22.97M
$21.59M
$20.36M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.10M
1.5 mi · Sep 2025 · $237/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$281,769
Tax year 2024
Assessed value
$23,272,100
Assessed 2024
Previous assessed
$23,272,100
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$10,502,300
Assessed improvement
$12,769,800
Land market value
$10,502,300
Improvement market value
$12,769,800
Total market value
$23,272,100
Applied tax rate
751.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1981
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
12
Stories
2
Units
8
Total area
6,112 SF
Lot
7.55 ac (328,704 SF)
Zoning code
MFH
APN
220234207
UPID
US90-1502867
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MFH · W, WAZoning MFH · permitted uses
MFH · W, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
12
Units
8
Lot
7.55 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MFH
Jurisdiction
W, WA
Recorded code
MFH
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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