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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Apartment buildings
5908 186th E Ave, Lake Tapps, WA 98391-6897
Individually Owned
5-yr Hold
Property ID
US90-1472665
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
FRAME
Total area
3,400 SF
Lot
3.41 ac (148,540 SF)
Zoning code
RSV5
APN
520217111
UPID
US90-1472665
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
$620k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$720k
Owner & transaction history
Edward Tyler Ball · 5 yrs held
Edward Tyler Ball
since 2020
Last sale
$812,500
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
$660,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,060,000
Current use
RETAIL STORES
$1,040,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,015,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$935,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $813k (Sep 4 2020)
Last sale anchor
$813k
Sep 4 2020
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
$212 / 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
$9,499
Tax year 2024
Assessed value
$885,700
Assessed 2024
Previous assessed
$885,700
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$351,800
Assessed improvement
$533,900
Land market value
$351,800
Improvement market value
$533,900
Total market value
$885,700
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
3.41 ac (148,540 SF)
Zoning code
RSV5
APN
520217111
UPID
US90-1472665
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$935,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1991
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
3.41 ac
Current owner
From public records · entity-resolved
Edward Tyler Ball
Individual
Mailing address
4724 W TAPPS DR E, LAKE TAPPS, WA 98391-8929
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2022
—
Edward Tyler Ball
—
Deed
related
$609,000 · United Wholesale Mortgage
Sep 4, 2020
$812,500
Edward Tyler Ball
Onpoint Enterprises LLC
Warranty Deed
$609,000 · United Wholesale Mortgage
Jul 9, 2007
—
Onpoint Ents LLC
Fernandez,ernest
Quit Claim Deed
related
—
Jan 5, 2007
—
Ernest Fernandez
Onpoint Ents LLC
Quit Claim Deed
related
—
Jan 13, 2005
$450,000
Onpoint Ents LLC
Youngberg,linda J
Grant Deed
—
May 2, 2002
—
Linda J Youngberg
Youngberg Trust
Quit Claim Deed
related
$196,000 · America's Wholesale Lender
—
—
Ernest J Fernandez
—
Deed Of Trust
related
$398,000 · Seattle 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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