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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Apartment buildings
7308 56th W St, University Place, WA 98467-2141
Individually Owned
Property ID
US90-0326730
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
3,536 SF
Lot
0.3 ac (13,094 SF)
Zoning code
MF
APN
4503000020
UPID
US90-0326730
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
$435k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$585k
Owner & transaction history
Mohammad Imam Muzzammil
Mohammad Imam Muzzammil
since 2025
Last sale
$620,000
7 recorded transactions
Zoning & alternative use
MF · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$865,000
+18.2%
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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$505,000
ML approach
$435,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$730,000
Current use
MEDICAL BUILDING
$865,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $620k (Jun 17 2020)
Last sale anchor
$620k
Jun 17 2020
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
$165 / 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
$9,622
Tax year 2024
Assessed value
$816,900
Assessed 2024
Previous assessed
$816,900
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$255,800
Assessed improvement
$561,100
Land market value
$255,800
Improvement market value
$561,100
Total market value
$816,900
Applied tax rate
752.0000
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
1983
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Total area
3,536 SF
Lot
0.3 ac (13,094 SF)
Zoning code
MF
APN
4503000020
UPID
US90-0326730
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF · University Place, WA
Zoning MF · permitted uses
MF · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$730,000
MEDICAL BUILDING
Est. value
$865,000
APARTMENT HOUSE (5+ UNITS) Current
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
1983
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Mohammad Imam Muzzammil
Individual
Mailing address
7308 56TH ST W, UNIVERSITY PLACE, WA 98467-2141
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
$1,050,000
Mohammad Imam Muzzammil
Juan C Rubi
Warranty Deed
—
Jul 6, 2020
—
Juan C Rubi
—
Deed
related
$486,750 · United Wholesale Mtg
Jun 17, 2020
—
Juan C Rubl
Juan Rubi
Quit Claim Deed
related
—
Jun 11, 2020
—
Juan C Rubi
Juan C Rubi
Quit Claim Deed
related
—
Jun 14, 2019
$620,000
Juan Rubi
Mengziao Zhu
Warranty Deed
$559,625 · United Wholesale Mortgage
Mar 22, 2016
$425,000
Mengxiao Zhu
Hagmann L D Living Trust L
Warranty Deed
—
Feb 3, 2014
—
Hagmann,leslie D Living Trust
Hagmann,leslie D
Quit Claim Deed
related
—
Jun 5, 2009
$355,000
Leslie Hagmann
Abel P Hufana
Warranty Deed
$266,250 · Evergreen Moneysource Mortgage Co
Nov 8, 2006
$459,250
Abel P Hufana
Hemming,calvin R
Warranty Deed
$344,400 · Greenpoint Mortgage Funding
Feb 7, 2005
$360,000
Calvin Ray Hemming
Dmitri Sorokovski
Warranty Deed
$288,000 · Americas Wholesale Lender
Feb 7, 2005
—
Calvin R Hemming
Hemming,karen
Quit Claim Deed
related
—
Sep 16, 2004
—
Dmitri Sorokowski
—
Trustees Deed
related
$9,000 · Great American Financial Svcs
Nov 2, 2001
—
Dmitri Sorkovski
Sorokovski,daniela
Quit Claim Deed
related
$188,000 · Choice Capital Funding INC
Sep 7, 2001
$273,399
Dmitri Sorokovski
West,john D & Christine M
Grant Deed
$211,500 · Choice Capital Funding INC
—
—
Juan C Rubi
—
Deed Of Trust
related
$486,750 · United Wholesale Mtg
—
—
Dmitri Sorokovski
—
Deed Of Trust
related
$229,000 · Homecomings Financial Network
—
—
Dmitri L Sorokovski
—
Deed Of Trust
related
$25,000 · Willis R Dodge
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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