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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Apartment buildings
7330 146th SW St, Tacoma, WA 98439-1238
Entity Owned
34-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0809680
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD FRAME
Total area
2,080 SF
Lot
4.77 ac (207,781 SF)
Zoning code
IBP
APN
219221154
UPID
US90-0809680
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
$365k
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$575k
Owner & transaction history
Pierce County Housing Authority · 34 yrs held
Pierce County Housing Authority
since 1991
2 recorded transactions
Zoning & alternative use
IBP · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$880,000
+104.8%
Auto repair, garage
$770,000
+78.3%
Commercial (general)
$640,000
+48.9%
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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
by Request
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$430,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +105% · Conversion: Difficult
AUTO REPAIR, GARAGE
$770,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: +49% · Conversion: Moderate
RETAIL STORES
$630,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$625,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$510,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$276 / 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
$4,098
Tax year 2024
Assessed value
$9,160,200
Assessed 2024
Previous assessed
$9,160,200
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$5,800,300
Assessed improvement
$3,359,900
Land market value
$5,800,300
Improvement market value
$3,359,900
Total market value
$9,160,200
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
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
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
13
Stories
1
Units
4
Total area
2,080 SF
Lot
4.77 ac (207,781 SF)
Zoning code
IBP
APN
219221154
UPID
US90-0809680
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
IBP · Tacoma, WA
Zoning IBP · permitted uses
IBP · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$430,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$640,000
RETAIL STORES
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$625,000
MEDICAL BUILDING
Est. value
$510,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
13
Units
4
Lot
4.77 ac
Current owner
From public records · entity-resolved
Pierce County Housing Authority
Entity
Free & Clear · 34 yrs held
Mailing address
603 POLK ST SA, TACOMA, WA 98444-5649
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1991
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 1998
—
Pierce County Housing Authorit
—
Deed Of Trust
related
$34,143,000 · Us Bank Trustee
Sep 25, 1991
$1,650,000
Pierce County Housing Authority
Unknown
Grant 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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