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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Apartment buildings
6117 112th E St Puyallup, WA 98373
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0902900
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1999
Construction
WOOD FRAME
Total area
10,383 SF
Lot
3.76 ac (163,786 SF)
Zoning code
CC
APN
419064024
UPID
US90-0902900
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
$1.94M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.84M
Owner & transaction history
Gre Deer Creek LLC · 7 yrs held
Gre Deer Creek LLC
since 2018
7 recorded transactions
Zoning & alternative use
CC · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+52.0%
Medical building
$2.9M
+43.5%
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 Puyallup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Puyallup 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,095,000
6.5%
$1,935,000
7%
$1,795,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,985,000
Current use
COMMERCIAL (GENERAL)
$3,020,000
Change: +52% · Conversion: Moderate
MEDICAL BUILDING
$2,850,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±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
$177 / 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
$203,554
Tax year 2024
Assessed value
$19,046,600
Assessed 2024
Previous assessed
$19,046,600
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$3,135,900
Assessed improvement
$15,910,700
Land market value
$3,135,900
Improvement market value
$15,910,700
Total market value
$19,046,600
Applied tax rate
195.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
7
Stories
3
Units
9
Bathrooms
1
Total area
10,383 SF
Lot
3.76 ac (163,786 SF)
Zoning code
CC
APN
419064024
UPID
US90-0902900
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Puyallup, WA
Zoning CC · permitted uses
CC · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Puyallup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1999
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Buildings
7
Units
9
Bathrooms
1
Lot
3.76 ac
Current owner
From public records · entity-resolved
Gre Deer Creek LLC
Entity
Mailing address
10 INVERNESS DR E STE #250, ENGLEWOOD, CO 80112-5612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
—
Gre Deer Creek LLC
—
Deed
related
$46,379,000 · Walker & Dunlop
Dec 20, 2018
$48,500,000
Gre Deer Creek LLC
Fa-lei Deer Crk Assocs LLC
Grant Deed
$36,000,000 · Bank Of America
Dec 18, 2018
—
Fa-lei Deer Crk Assocs LLC
Deer Crk Apt Assocs LLC
Quit Claim Deed
related
—
Oct 15, 2015
$32,500,000
Fa-lei Deer Creek Associates L
Deer Creek Apartment Associate
Grant Deed
$2,615,000 · Cbre Cap Markets
Aug 20, 2014
—
Deer Creek Apartment Associate
Wri Del LLC
Grant Deed
—
Aug 21, 2012
—
Deer Creek Apartment Associates LLC
Wayne Hill
Special Warranty Deed
$18,770,000 · Cbre Capital Markets INC
Jul 22, 2011
—
Wayne Hill
Canyon/112th Associates LP
Quit Claim Deed
related
—
Oct 9, 1998
—
Canyon/112th Associates LP
—
Deed Of Trust
related
$12,300,000 · Seafirst Bank
Aug 31, 1998
$1,100,000
Canyon/112 Street Associates L
Austin,walter E & Saharon L
Grant Deed
—
Apr 28, 1995
$244,000
Walter E Austin
Hermstad,karen J
Grant Deed
—
Mar 16, 1994
$144,400
Karen J Hermstad
Cruz,kenneth A
Grant Deed
—
—
—
Karen J Hermstad
—
Deed Of Trust
related
$143,250 · Washington Mutual Fsb
—
—
Gre Deer Creek LLC
—
Deed Of Trust
related
$46,379,000 · Walker & Dunlop
—
—
Canyon/112th Assocs
—
Deed Of Trust
related
$18,397,000 · Homestreet 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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