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Property profile & analytics
OFF-MARKET
Apartment buildings
6407 53rd Ave W Ct, University Place, WA 98467-3346
Entity Owned
~
Est. High Equity
Property ID
US90-0970892
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD FRAME
Total area
7,510 SF
Lot
1.41 ac (61,637 SF)
Zoning code
MUD
APN
220265006
UPID
US90-0970892
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
Felix Valdez LLC
Felix Valdez LLC
since 2025
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
MUD · University Place, 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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$60,064
Tax year 2024
Assessed value
$5,024,300
Assessed 2024
Previous assessed
$5,024,300
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,065,500
Assessed improvement
$2,958,800
Land market value
$2,065,500
Improvement market value
$2,958,800
Total market value
$5,024,300
Applied tax rate
275.0000
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
1985
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
10
Total area
7,510 SF
Lot
1.41 ac (61,637 SF)
Zoning code
MUD
APN
220265006
UPID
US90-0970892
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · University Place, WA
Zoning MUD · permitted uses
MUD · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
10
Lot
1.41 ac
Current owner
From public records · entity-resolved
Felix Valdez LLC
Entity
Mailing address
PO BOX 4508, FEDERAL WAY, WA 98063-4508
Ownership since
2025
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
Oct 30, 2025
$10,459,200
Felix Valdez LLC
Up Apts I LLC
Warranty Deed
$5,250,000 · Bellwether Enterprise Mtg Investments Ll
Mar 24, 2021
—
Up Apts I LLC
—
Deed
related
$6,163,000 · First Fsla Of Port Angeles
Mar 1, 2021
$4,926,000
Up Apts I LLC
Kt Pb Tampa LLC
Warranty Deed
$6,163,000 · Columbia State Bank
Jul 30, 2019
—
Kt Pb Tampa LLC
—
Deed
related
$2,839 · Cbre Cap Markets
Nov 21, 2014
$2,744,719
Kt Pb Tampa LLC
Orchard Meadows Apartments LLC
Warranty Deed
—
Jan 28, 2010
—
Orchard Meadows Apartments LLC
—
Trustees Deed
related
$290,000 · Pacific Crest Savings Bank
Feb 17, 2004
$1,525,000
Orcahrd Meadow Apartments LLC
Baradat Family Ptshp
Grant Deed
$1,500,000 · Evertrust Bank
Jan 22, 1999
—
Baradat Family Partnership
Baradat Trust
Quit Claim Deed
related
—
—
—
Orchard Meadows Apartments LLC
—
Deed Of Trust
related
$1,795,000 · Rainier Pacific Bank
—
—
Orchard Meadows Apartments LLC
—
Deed Of Trust
related
$243,200 · Pacific Crest Savings Bank
—
—
Orchard Meadows Apartments LLC
—
Deed Of Trust
related
$1,800,000 · First Savings Bank
—
—
Kt Pb Tampa LLC
—
Deed Of Trust
related
$2,839 · Cbre Cap Markets
—
—
Meadow Apartments Orchard
—
Deed Of Trust
related
$767,641 · Pierce Commercial Bank
—
—
Moore Trust
—
Deed Of Trust
related
$805,000 · World 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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