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Property profile & analytics
OFF-MARKET
Estimated value
$49,215,000
Apartment buildings
7514th 178th St Ct, E, WA
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0446281
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Construction
FRAME
Total area
5,203 SF
Lot
0.15 ac (6,635 SF)
APN
6025871020
UPID
US90-0446281
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
$49.22M
Owner & transaction history
Sp Rga Brookstone LP · 3 yrs held
Sp Rga Brookstone LP
since 2022
Last sale
$54.0M
7 recorded transactions
Zoning & alternative use
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 E submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs E 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
$39,650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$49.22M
Range $44.29M – $54.14M · ±10% · vs last sale $54.00M (Dec 29 2022)
Last sale anchor
$54.00M
Dec 29 2022
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
$9,459 / 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
$13,560
Tax year 2024
Assessed value
$1,040,600
Assessed 2024
Previous assessed
$1,040,600
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$168,600
Assessed improvement
$872,000
Land market value
$168,600
Improvement market value
$872,000
Total market value
$1,040,600
Applied tax rate
578.0000
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
2013
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
10
Total area
5,203 SF
Lot
0.15 ac (6,635 SF)
APN
6025871020
UPID
US90-0446281
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
2013
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
10
Lot
0.15 ac
Current owner
From public records · entity-resolved
Sp Rga Brookstone LP
Entity
Mailing address
701 5TH AVE STE #5700, SEATTLE, WA 98104-7014
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$5,392,634
Sp Rga Brookstone LP
Brookstone Owner LLC
Bargain And Sale Deed
—
Jun 12, 2019
$41,500,000
Brookstone Owner LLC
Brookstone At Edgewater LLC
Grant Deed
related
$29,650,000 · Prudential Affordable Mtg
Sep 6, 2017
—
Brookstone At Edgewater LLC
—
Grant Deed
related
$5,045,000 · Prudential Affordable Mtg
Jul 28, 2011
—
Pnw Home Builders North LLC
Union Bank NA
Grant Deed
related
—
Jul 12, 2011
$1,600,000
Pnw Home Builders LLC
Union Bank NA
Grant Deed
—
Mar 2, 2011
—
Frontier Bk
Edgewater At South Hill LLC
Grant Deed
related
—
Nov 16, 2009
—
Frontier Bk
Edgewater At South Hill LLC
Deed In Lieu Of Foreclosure
—
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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