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Property profile & analytics
OFF-MARKET
Apartment buildings
688 Couls Ave Buckley, WA 98321-0080
Entity Owned
18-yr Hold
Free & Clear
Property ID
US90-0639184
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
FRAME
Total area
3,508 SF
Lot
0.28 ac (12,300 SF)
Zoning code
R-6000
APN
4280000361
UPID
US90-0639184
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
R & P Apartments LLC · 18 yrs held
R & P Apartments LLC
since 2007
1 recorded transaction
Zoning & alternative use
R-6000 · Buckley, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-97, 20-97, 19-97, 7-97, 6-97, 21-96, 12-96, 31-95, 21-95, 5-93, 14-92, 13-92, 16-91, 21-89, 1-89, 22-88, 16-88, 11-88, 23-87, 13-85, 3-85, 17-84, 1056 and 1020. § 19.20.010 Requirements common to all zones. § 19.20.020 R-6,000 residential zone. § 19.20.030 R-8,000 residential zone. § 19.20.040 R-20,000 residential zone. § 19.20.050 HDR-Low, high density res…
Zone name
Residential 6000 Square Feet Minimum Lot
General category
RESIDENTIAL
Zone area
3.63 ac
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 Buckley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buckley 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
$6,017
Tax year 2024
Assessed value
$658,100
Assessed 2024
Previous assessed
$658,100
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$210,600
Assessed improvement
$447,500
Land market value
$210,600
Improvement market value
$447,500
Total market value
$658,100
Applied tax rate
45.0000
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
1974
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Units
4
Bathrooms
4
Total area
3,508 SF
Lot
0.28 ac (12,300 SF)
Zoning code
R-6000
APN
4280000361
UPID
US90-0639184
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R-6000 · Buckley, WAZoning R-6000 · permitted uses
R-6000 · Buckley, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-97, 20-97, 19-97, 7-97, 6-97, 21-96, 12-96, 31-95, 21-95, 5-93, 14-92, 13-92, 16-91, 21-89, 1-89, 22-88, 16-88, 11-88, 23-87, 13-85, 3-85, 17-84, 1056 and 1020. § 19.20.010 Requirements common to all zones. § 19.20.020 R-6,000 residential zone. § 19.20.030 R-8,000 residential zone. § 19.20.040 R-20,000 residential zone. § 19.20.050 HDR-Low, high density residential (low) zone. § 19.20.060 HDR-High, high density residential (high) zone. § 19.2
Zone name
Residential 6000 Square Feet Minimum Lot
General category
RESIDENTIAL
Zone area
3.63 ac
Building & site characteristics
From public records
Year built
1974
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
4
Bathrooms
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
R & P Apartments LLC
Entity
Free & Clear · 18 yrs held
Mailing address
7804 S 135TH ST, SEATTLE, WA 98178-5152
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2007
—
R & P Apartments LLC
Vomenici,orelio B
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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