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Property profile & analytics
OFF-MARKET
Apartment buildings
615 Steele St Tacoma, WA 98406-7799
Individually Owned
6-yr Hold
Property ID
US90-3261958
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1896
Construction
FRAME
Total area
3,275 SF
Lot
0.16 ac (6,800 SF)
Zoning code
RCX
APN
7280000520
UPID
US90-3261958
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
Brittany E Drye · 6 yrs held
Brittany E Drye
since 2019
7 recorded transactions
Zoning & alternative use
RCX · Tacoma, 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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
$8,734
Tax year 2024
Assessed value
$785,300
Assessed 2024
Previous assessed
$785,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$305,000
Assessed improvement
$480,300
Land market value
$305,000
Improvement market value
$480,300
Total market value
$785,300
Applied tax rate
5.0000
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
1896
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,275 SF
Lot
0.16 ac (6,800 SF)
Zoning code
RCX
APN
7280000520
UPID
US90-3261958
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RCX · Tacoma, WA
Zoning RCX · permitted uses
RCX · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1896
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Brittany E Drye
Individual
Mailing address
615 N STEELE ST APT #2, TACOMA, WA 98406-7799
Ownership since
2019
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
Jun 21, 2021
—
Brittany E Drye
—
Deed
related
$750,000 · American Pacific Mortgage
Oct 11, 2019
$660,000
Brittany E Drye
Esther Shulich
Warranty Deed
$420,000 · American Pacific Mortgage Corp
Jul 8, 2019
—
Residuary Trust
Shulich Family Living Trust
Warranty Deed
related
—
Dec 23, 2009
$320,000
Ralph M Shulich
Daniel Hall
Warranty Deed
$200,000 · Us Bank NA
May 10, 2006
$475,000
Daniel Hall
Berneburg,jay P
Warranty Deed
$427,500 · Greenpoint Mortgage Funding
Nov 24, 2004
$385,000
Jay P Berneburg
Miller,garth & Jody A
Warranty Deed
$308,000 · Lehman Brothers Bank Fsb
Jun 28, 2002
$350,000
Garth Miller
Crow,gerald R & Susan G
Grant Deed
$273,000 · Long Beach Mortgage Co
Apr 17, 2002
—
Gerald R Crow
Crow,gerald R
Quit Claim Deed
related
$239,400 · Wells Fargo Home Mortgage INC
Oct 31, 2001
$39,982
Gerald R Crow
Winters,steven B & Carla J
Trustees Deed
—
Feb 1, 1999
$166,200
Steven B Winters
Crow,gerald R
Grant Deed
$24,930 · Seller
Feb 23, 1996
$133,500
Gerald R Crow
Sarnat,andrew J & Catherine A
Grant Deed
$100,100 · Home Savings Of America
—
—
Garth Miller
—
Deed Of Trust
related
$70,000 · Gerald R & Susan G Crow
—
—
Garth Miller
—
Deed Of Trust
related
$35,500 · Sib Mortgage Corp
—
—
Garth Miller
—
Deed Of Trust
related
$280,000 · Sib Mortgage Corp
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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