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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Apartment buildings
7268 150th SW St Gig Harbor, WA 98332
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1741565
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1977
Construction
WOOD FRAME
Total area
7,776 SF
Lot
7.16 ac (311,890 SF)
Zoning code
IBP
APN
219221141
UPID
US90-1741565
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
$1.45M
Comparable Approach
Comparable
$997k
Blend (final)
Blend
$1.17M
Owner & transaction history
Canterbrook Vlg Apt LLC · 7 yrs held
Canterbrook Vlg Apt LLC
since 2019
6 recorded transactions
Zoning & alternative use
IBP · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$1,570,000
6.5%
$1,450,000
7%
$1,345,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,835,000
Current use
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$150 / 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
$202,565
Tax year 2024
Assessed value
$18,586,400
Assessed 2024
Previous assessed
$18,586,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$9,996,400
Assessed improvement
$8,590,000
Land market value
$9,996,400
Improvement market value
$8,590,000
Total market value
$18,586,400
Applied tax rate
760.0000
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
1977
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
13
Stories
2
Units
12
Total area
7,776 SF
Lot
7.16 ac (311,890 SF)
Zoning code
IBP
APN
219221141
UPID
US90-1741565
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
IBP · Gig Harbor, WAZoning IBP · permitted uses
IBP · 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
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1977
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
13
Units
12
Lot
7.16 ac
Current owner
From public records · entity-resolved
Canterbrook Vlg Apt LLC
Entity
Mailing address
11010 HBR HL DR STE BSTEB, GIG HARBOR, WA 98332-8953
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2019
—
Canterbrook Vlg Apt LLC
Oneill,donald & Genevieve
Quit Claim Deed
related
$6,800,000 · Cbre Cap Markets
Feb 6, 2017
—
Canterbrook Village Apartment LLC
—
Deed
related
$4,200,000 · Heritage Bank
Dec 22, 2016
—
Canterbrook Village Apartment LLC
—
Deed
related
$407,000 · Heritage Bank
Jul 1, 1998
—
Canterbrook Vilage Apartments
Oneill,donald & Geneive
Quit Claim Deed
related
—
—
—
Canterbrook Village Apt LLC
—
Deed Of Trust
related
$4,000,000 · Pierce Commercial Bank
—
—
Canterbrook Village Apt LLC
—
Deed Of Trust
related
$2,482,000 · Wmf/hunton Paige Assoc Ltd
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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