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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Apartment buildings
6421 151st NW St Gig Harbor, WA 98332-9279
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1392069
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
FRAME
Total area
3,000 SF
Lot
1.52 ac (66,211 SF)
Zoning code
RSR
APN
122133051
UPID
US90-1392069
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
$925k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
Zagy Gig Harbor 10 LLC · 2 yrs held
Zagy Gig Harbor 10 LLC
since 2024
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
RSR · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+80.5%
Auto repair, garage
$1.1M
+55.6%
Retail stores
$920,000
+29.7%
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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$710,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,100,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$920,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$895,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$895,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$825,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (Jun 3 2024)
Last sale anchor
$925k
Jun 3 2024
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
$308 / 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
$6,673
Tax year 2024
Assessed value
$683,200
Assessed 2024
Previous assessed
$683,200
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$260,000
Assessed improvement
$423,200
Land market value
$260,000
Improvement market value
$423,200
Total market value
$683,200
Applied tax rate
472.0000
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
1968
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
4
Bathrooms
4
Total area
3,000 SF
Lot
1.52 ac (66,211 SF)
Zoning code
RSR
APN
122133051
UPID
US90-1392069
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RSR · Gig Harbor, WAZoning RSR · permitted uses
RSR · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$895,000
MEDICAL BUILDING
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1968
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
4
Bathrooms
4
Lot
1.52 ac
Current owner
From public records · entity-resolved
Zagy Gig Harbor 10 LLC
Entity
Mailing address
5540 BRUNSWICK AVE, SAN DIEGO, CA 92120-1831
Ownership since
2024
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
Jun 3, 2024
—
Zagy Gig Harbor 10 LLC
Alexandra Clouse
Quit Claim Deed
related
—
Jun 3, 2024
$925,000
Michael Blair Wylie
Zagy Gig Harbor 10 LLC
Warranty Deed
—
Dec 20, 2023
—
Alexandra Clouse
—
Deed
related
$678,750 · Cardinal Financial Company LP
Dec 8, 2023
—
Alexandra Clouse
Alexandra Clouse
Intrafamily Transfer
related
$678,750 · Cardinal Financial Company LP
May 4, 2022
$1,800,000
Zaby Gig Harbor 10 LLC
John N Picinich
Warranty Deed
$1,650,000 · John Picinich Etux
May 4, 2022
—
John N Picinich
John Picinich
Intrafamily Transfer
related
—
Jul 7, 2004
—
John Picinich
Picinich,maria
Quit Claim Deed
related
—
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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