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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Apartment buildings
5804 186th E Ave, Lake Tapps, WA 98391-6891
Entity Owned
4-yr Hold
Property ID
US90-1724682
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
FRAME
Total area
3,400 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RSV5
APN
520217108
UPID
US90-1724682
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
$405k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$560k
Owner & transaction history
Painted Table Investments LLC · 4 yrs held
Painted Table Investments LLC
since 2022
Last sale
$592,000
7 recorded transactions
Zoning & alternative use
RSV5 · 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
Method
Estimation
Statistic approach
$435,000
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $592k (Jun 23 2022)
Last sale anchor
$592k
Jun 23 2022
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
$165 / 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
$8,527
Tax year 2024
Assessed value
$792,300
Assessed 2024
Previous assessed
$792,300
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$258,400
Assessed improvement
$533,900
Land market value
$258,400
Improvement market value
$533,900
Total market value
$792,300
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
1991
Construction
FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,400 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RSV5
APN
520217108
UPID
US90-1724682
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RSV5 · Lake Tapps, WA
Zoning RSV5 · permitted uses
RSV5 · 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
1991
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
Painted Table Investments LLC
Entity
Mailing address
7617 SKIPLEY RD, SNOHOMISH, WA 98290-5151
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
—
Painted Table Investments LLC
Jeffrey C Barkshire
Quit Claim Deed
related
$600,000 · Sadale Utilities LLP
May 25, 2021
—
Jeffrey Barkshire
Painted Table Investments LLC
Quit Claim Deed
related
$563,500 · Home Point Financial Corporation
May 24, 2021
—
Painted Table Investments LLC
Jeffrey G Barkshire
Quit Claim Deed
related
—
Nov 8, 2018
—
Painted Table Investments LLC
Barkshire,jeffrey G
Quit Claim Deed
related
—
Aug 31, 2018
$592,000
Darren R Trimble
Patricia Trimble
Quit Claim Deed
$444,000 · Bank Of The West
Jun 9, 2003
$339,000
Earl R Minard
Hemzacek,roy R & Purita
Grant Deed
$271,200 · Washington Mutual Fsb
Feb 28, 1994
$185,000
Roy R Hemzacek
Youngberg Trust
Grant Deed
$37,977 · Real Estate Exchange
—
—
Earl R Minard
—
Deed Of Trust
related
$300,000 · Countrywide Bank
—
—
Roy R Hemzacek
—
Deed Of Trust
related
$172,500 · First Savings Bank Renton
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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