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Property profile & analytics
OFF-MARKET
Apartment buildings
5721 183rd E Ave 1, Lake Tapps, WA 98391-8923
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0684117
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD FRAME
Total area
3,656 SF
Lot
1.94 ac (84,637 SF)
Zoning code
R10
APN
520217009
UPID
US90-0684117
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
K & T Real Estate I LLC · 13 yrs held
K & T Real Estate I LLC
since 2012
5 recorded transactions
Zoning & alternative use
R10 · Lake Tapps, 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 Lake Tapps submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Tapps 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$25,632
Tax year 2024
Assessed value
$2,304,000
Assessed 2024
Previous assessed
$2,304,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$980,000
Assessed improvement
$1,324,000
Land market value
$980,000
Improvement market value
$1,324,000
Total market value
$2,304,000
Applied tax rate
378.0000
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
1976
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
4
Stories
2
Units
4
Total area
3,656 SF
Lot
1.94 ac (84,637 SF)
Zoning code
R10
APN
520217009
UPID
US90-0684117
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Lake Tapps, WA
Zoning R10 · permitted uses
R10 · Lake Tapps, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Tapps. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
4
Units
4
Lot
1.94 ac
Current owner
From public records · entity-resolved
K & T Real Estate I LLC
Entity
Mailing address
2039 E BEAVER LK DR SE, SAMMAMISH, WA 98075-7920
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
—
K&t Real Estate I LLC
—
Deed
related
$1,750,000 · Mufg Union Bank NA
Aug 8, 2018
—
K & T Real Estate I LLC
—
Grant Deed
related
$1,475,000 · Mufg Union Bk NA
Jul 2, 2012
—
K & T Real Estate I LLC
K & T Real Estate I LLC
Quit Claim Deed
related
$1,575,000 · Union Bank
Nov 2, 2006
$1,365,000
K & T Real Estate II LLC
Tam,john
Warranty Deed
$975,000 · Lasalle National Bank
Dec 11, 2002
$1,396,895
John Tam
Kimball,robert E & Noelle C
Grant Deed
$925,000 · World 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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