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Property profile & analytics
OFF-MARKET
Apartment buildings
70 Oregon Avea Gig Harbor, WA 98335
Entity Owned
6-yr Hold
Property ID
US90-3255072
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
FRAME
Total area
1,264 SF
Lot
0.14 ac (6,311 SF)
Zoning code
UCX
APN
5270001800
UPID
US90-3255072
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
Mountain View Townhomes LLC · 6 yrs held
Mountain View Townhomes LLC
since 2019
7 recorded transactions
Zoning & alternative use
UCX · Gig Harbor, 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 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
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
$17,392
Tax year 2024
Assessed value
$1,564,800
Assessed 2024
Previous assessed
$1,564,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$225,000
Assessed improvement
$1,339,800
Land market value
$225,000
Improvement market value
$1,339,800
Total market value
$1,564,800
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
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
2018
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
2
Units
2
Bathrooms
2
Total area
1,264 SF
Lot
0.14 ac (6,311 SF)
Zoning code
UCX
APN
5270001800
UPID
US90-3255072
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
UCX · Gig Harbor, WAZoning UCX · permitted uses
UCX · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2018
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Units
2
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Mountain View Townhomes LLC
Entity
Mailing address
4705 LACEY BLVD SE STE B, LACEY, WA 98503-5712
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
—
Mountain View Townhomes LLC
—
Deed
related
$1,052,000 · Washington Federal NA
Mar 18, 2020
—
Mountain View Townhomes LLC
—
Deed
related
$945,000 · Luther Burbank Savings
Dec 24, 2019
—
Mountain View Townhomes LLC
High Definition Homes LLC
Quit Claim Deed
related
—
Aug 31, 2018
—
High Definition Homes LLC
—
Deed
related
$722,792 · Heritage Bank
Apr 26, 2018
—
High Definition Homes LLC
Mangan,kellen
Quit Claim Deed
related
—
Aug 15, 2014
$29,500
Kellen Mangan
Washington Fedl
Grant Deed
—
Jun 29, 2012
$161,731
Fedl Washington
Bishop White Marshall & Weibel
Trustees Deed
related
—
Apr 15, 2005
$79,500
Fidelity Group LLC
Ross,john F
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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