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Property profile & analytics
OFF-MARKET
Mixed-use properties
622 56th St Tacoma, WA 98404-1920
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-2997064
Property profile
Verified
Property type
Mixed-use properties
Use group
SINGLE FAMILY RESIDENCE
Year built
1950
Construction
FRAME
Total area
1,216 SF
Lot
0.14 ac (5,950 SF)
Zoning code
R2
APN
9475000050
UPID
US90-2997064
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
Harold J Lennett · 18 yrs held
Harold J Lennett
since 2008
7 recorded transactions
Zoning & alternative use
R2 · 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
$3,721
Tax year 2024
Assessed value
$334,000
Assessed 2024
Previous assessed
$334,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$169,700
Assessed improvement
$164,300
Land market value
$169,700
Improvement market value
$164,300
Total market value
$334,000
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
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
Mixed-use properties
Use group
SINGLE FAMILY RESIDENCE
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
2
Total area
1,216 SF
Lot
0.14 ac (5,950 SF)
Zoning code
R2
APN
9475000050
UPID
US90-2997064
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Tacoma, WA
Zoning R2 · permitted uses
R2 · 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
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Harold J Lennett
Individual
Mailing address
622 E 56TH ST, TACOMA, WA 98404-1920
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2008
$189,600
Harold J Lennett
Dennis Flynn
Warranty Deed
$186,670 · Taylor Bean & Whitaker Mortgage Cor
May 4, 2007
$38,193
Dennis Flynn
Northwest Trustee Services INC
Trustees Deed
related
—
Nov 30, 2006
—
Ducolom Mechanical INC
Gagnon,thomas
Warranty Deed
—
Aug 6, 2004
$122,950
Thomas J Gagnon
Lemus,leonel & Leticia
Warranty Deed
$104,508 · Fremont Investment & Loan
Jun 29, 1999
$67,500
Leonel Lemus
Larsen,doanld W & Joanne
Grant Deed
$66,948 · Principal Residential Mtg
—
—
Harold Lennett
—
Loan Modification
related
$210,903 · Bank Of America
—
—
Thomas J Gagnon
—
Deed Of Trust
related
$5,000 · D Flynn
—
—
Dennis Flynn
—
Deed Of Trust
related
$51,000 · Jane Ninh
—
—
Leonel Lemus
—
Deed Of Trust
related
$81,098 · Accubanc Mortgage Corp
—
—
Harold J Lennett
—
Loan Modification
related
$208,511 · Carrington Mtg Svcs
—
—
Leonel Lemus
—
Deed Of Trust
related
$10,384 · Beneficial Washington INC
—
—
Leonel Lemus
—
Deed Of Trust
related
$93,177 · National City Mortgage Co
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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