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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Apartment buildings
5718th Hannah Pierce W Rd University Place, WA 98467
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1313090
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD FRAME
Total area
6,856 SF
Lot
4.2 ac (182,952 SF)
Zoning code
MFH
APN
220234191
UPID
US90-1313090
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
$900k
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$900k
Owner & transaction history
Mckinley Terrace LLC · 8 yrs held
Mckinley Terrace LLC
since 2017
3 recorded transactions
Zoning & alternative use
MFH · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Include multifamily housing, attached and detached single-family/duplex housing, nursing homes and assisted living facilities, mobile and manufactured housing, adult family homes, Level I group homes, schools, public and private parks, community centers, family day care, religious assembly, appropriate home occupations, and distribution and collection utilit…
Zone name
Multi Family Residential High
General category
CIVIC_INSTITUTIONAL
Zone area
58.83 ac
Source
Realmo
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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$900,000
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,120,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,420,000
Current use
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$131 / 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
$6,867
Tax year 2024
Assessed value
$6,741,600
Assessed 2024
Previous assessed
$6,741,600
+0.0% YoY
Effective rate
0.10%
On assessed value
Assessed land
$5,295,700
Assessed improvement
$1,445,900
Land market value
$5,295,700
Improvement market value
$1,445,900
Total market value
$6,741,600
Applied tax rate
751.0000
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
1980
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
2
Units
8
Total area
6,856 SF
Lot
4.2 ac (182,952 SF)
Zoning code
MFH
APN
220234191
UPID
US90-1313090
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MFH · University Place, WAZoning MFH · permitted uses
MFH · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Include multifamily housing, attached and detached single-family/duplex housing, nursing homes and assisted living facilities, mobile and manufactured housing, adult family homes, Level I group homes, schools, public and private parks, community centers, family day care, religious assembly, appropriate home occupations, and distribution and collection utilities
Zone name
Multi Family Residential High
General category
CIVIC_INSTITUTIONAL
Zone area
58.83 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
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
1980
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
7
Units
8
Lot
4.2 ac
Current owner
From public records · entity-resolved
Mckinley Terrace LLC
Entity
Mailing address
10700 NE 4TH ST UNIT #2916, BELLEVUE, WA 98004-5885
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2017
$6,800,000
Mckinley Terrace LLC
Chehalis Garden LLC
Trustees Deed
related
$32,000,000 · Citibank
Aug 14, 1998
—
Chehalis Garden LLC
Mckinley Garden LLC
Trustees Deed
$6,900,000 · Credit Suisse First Boston Mtg
Apr 12, 1989
$500
Meadow Park Garden Ct Assoc
Unknown
Grant Deed
related
—
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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