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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Apartment buildings
6643 20th E St 1 Fife, WA 98424-2209
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0473312
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1986
Construction
WOOD FRAME
Total area
5,830 SF
Lot
5.36 ac (233,699 SF)
Zoning code
COMMUNITY
APN
420071131
UPID
US90-0473312
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
$1.07M
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.07M
Owner & transaction history
Rise Props Rainier Pointe LP · 8 yrs held
Rise Props Rainier Pointe LP
since 2018
7 recorded transactions
Zoning & alternative use
COMMUNITY · Fife, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+14.7%
Warehouse, storage
$1.7M
+13.8%
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 Fife submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fife 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
$1,065,000
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,025,000
7%
$955,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,535,000
Current use
RETAIL STORES
$1,760,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,745,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$1,425,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$183 / 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
$487,347
Tax year 2024
Assessed value
$51,280,400
Assessed 2024
Previous assessed
$51,280,400
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$5,812,200
Assessed improvement
$45,468,200
Land market value
$5,812,200
Improvement market value
$45,468,200
Total market value
$51,280,400
Applied tax rate
66.0000
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
1986
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
9
Stories
2
Units
8
Total area
5,830 SF
Lot
5.36 ac (233,699 SF)
Zoning code
COMMUNITY
APN
420071131
UPID
US90-0473312
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
COMMUNITY · Fife, WA
Zoning COMMUNITY · permitted uses
COMMUNITY · Fife, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fife. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1986
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
9
Units
8
Lot
5.36 ac
Current owner
From public records · entity-resolved
Rise Props Rainier Pointe LP
Entity
Mailing address
1518 1ST AVE S STE #500, SEATTLE, WA 98134-1456
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2022
—
Rise Properties LP
—
Deed
related
$34,292,000 · Key Bank NA
Apr 26, 2018
$39,500,000
Rise Props Rainier Pointe LP
Sp/llu Rainier LLC
Grant Deed
$6,333,000 · Keybank USA
Jun 30, 2016
$27,223,300
Sp & Llu Rainier LLC
Mountain View LLC
Grant Deed
$21,920,000 · Keybank USA
Dec 19, 2007
$9,864,309
Munimae Foundation INC
Willowgreen I & II
Warranty Deed
—
Dec 19, 2007
$18,819,250
Sp Mountain View LLC
Munimae Foundation INC
Trustees Deed
$17,650,000 · Prudential Mortgage Capital Co
—
—
Willowgreen I LP
—
Deed Of Trust
related
$9,275 · Municipal Mortgage & Equity Ll
—
—
Willowgreen I LP
—
Deed Of Trust
related
$9,275 · Municipal Mortgage & Equity Ll
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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