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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Apartment buildings
801 7th St Tacoma, WA 98405-4587
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-3342809
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1905
Construction
FRAME
Total area
3,877 SF
Lot
0.06 ac (2,500 SF)
Zoning code
DR
APN
2006160060
UPID
US90-3342809
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
$685k
Comparable Approach
Comparable
$381k
Blend (final)
Blend
$580k
Owner & transaction history
Puyallup Natl Hsng Authority · 13 yrs held
Puyallup Natl Hsng Authority
since 2013
7 recorded transactions
Zoning & alternative use
DR · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$950,000
+33.0%
Commercial (general)
$860,000
+20.5%
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%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$715,000
Current use
MEDICAL BUILDING
$950,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$860,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$12
Tax year 2024
Assessed value
$1,232,800
Assessed 2024
Previous assessed
$1,232,800
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$129,000
Assessed improvement
$1,103,800
Land market value
$129,000
Improvement market value
$1,103,800
Total market value
$1,232,800
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
1905
Construction
FRAME
Heating
ELECTRIC
Stories
2
Units
6
Bathrooms
6
Total area
3,877 SF
Lot
0.06 ac (2,500 SF)
Zoning code
DR
APN
2006160060
UPID
US90-3342809
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DR · Tacoma, WA
Zoning DR · permitted uses
DR · 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
$715,000
MEDICAL BUILDING
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$860,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1905
Construction
FRAME
Heating
ELECTRIC
Stories
2
Units
6
Bathrooms
6
Lot
0.06 ac
Current owner
From public records · entity-resolved
Puyallup Natl Hsng Authority
Entity
Free & Clear · 13 yrs held
Mailing address
2806 E PORTLAND AVE #200, TACOMA, WA 98404-4923
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2013
$450,000
Puyallup Natl Hsng Authority
T & S Time LLC
Warranty Deed
—
Jan 29, 2013
$189,601
T & S Time LLC
Northwest Te Svcs INC
Trustees Deed
related
$194,299 · Eastside Funding LLC
May 29, 2007
$575,000
Constance L Ward
Brent Michaelson
Warranty Deed
$460,000 · Homecomings Financial LLC
Aug 31, 2001
$207,085
Brent H Michaelson
Wilkins,john R & Marilyn N
Grant Deed
$133,000 · John R & Marilyn N
Dec 21, 1993
$75,001
John R Wilkins
Bowman,robert D
Trustees Deed
—
Feb 23, 1988
$55,000
Robert D Bowman
United Bk
Grant Deed
$180,500 · United Bk
Feb 10, 1988
$55,000
Robert D Bowman
Unknown
Grant Deed
—
—
—
John R Wilkins
—
Deed Of Trust
related
$98,000 · Key Bank Of Washington
—
—
Brent H Michaelson
—
Deed Of Trust
related
$175,000 · First Mutual Bank
—
—
Brent H Michaelson
—
Deed Of Trust
related
$81,000 · William E & Peggy L Tarbell
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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