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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Apartment buildings
806 39th St, Tacoma, WA 98418-5032
Individually Owned
5-yr Hold
Property ID
US90-3357504
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Construction
FRAME
Total area
3,000 SF
Lot
0.09 ac (3,991 SF)
Zoning code
RCX
APN
8935021291
UPID
US90-3357504
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
$565k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$580k
Owner & transaction history
Samimi Homa · 5 yrs held
Samimi Homa
since 2021
Last sale
$609,000
7 recorded transactions
Zoning & alternative use
RCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$925,000
+80.0%
Retail stores
$905,000
+76.3%
Warehouse, storage
$900,000
+74.9%
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
$610,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$515,000
Current use
COMMERCIAL (GENERAL)
$925,000
Change: +80% · Conversion: Moderate
RETAIL STORES
$905,000
Change: +76% · Conversion: Difficult
WAREHOUSE, STORAGE
$900,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $609k (Mar 12 2021)
Last sale anchor
$609k
Mar 12 2021
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
$193 / 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
$7,677
Tax year 2024
Assessed value
$690,100
Assessed 2024
Previous assessed
$690,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$172,400
Assessed improvement
$517,700
Land market value
$172,400
Improvement market value
$517,700
Total market value
$690,100
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
1950
Construction
FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Stories
1
Units
4
Bathrooms
4
Total area
3,000 SF
Lot
0.09 ac (3,991 SF)
Zoning code
RCX
APN
8935021291
UPID
US90-3357504
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RCX · Tacoma, WA
Zoning RCX · permitted uses
RCX · 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
$515,000
COMMERCIAL (GENERAL)
Est. value
$925,000
RETAIL STORES
Est. value
$905,000
WAREHOUSE, STORAGE
Est. value
$900,000
MEDICAL BUILDING
Est. value
$735,000
APARTMENT HOUSE (5+ UNITS) Current
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
1950
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Units
4
Bathrooms
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
Samimi Homa
Individual
Mailing address
1682 BRIGHTON CT, WESTLAKE VILLAGE, CA 91362-4714
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
$609,000
Samimi Homa
E & C Family Investments LLC
Warranty Deed
$456,750 · Caliber Home Loans INC
Jan 18, 2017
$389,719
E & C Family Investments LLC
Joe Delvo
Warranty Deed
$278,273 · Commencement Bank
Sep 1, 2005
$384,950
Joe Delvo
Cherry Orchard
Warranty Deed
$288,712 · Countrywide Home Loans INC
Apr 6, 2004
$523,316
Cherry Orchard LLC
Code,robert B & Mary H
Grant Deed
$422,669 · Timberland Bank
Apr 6, 2004
$523,350
Cherry Orchard LLC
Code,robert B & Mary H
Warranty Deed
$422,669 · Timberland Bank
—
—
Cherry Orchard LLC
—
Deed Of Trust
related
$232,000 · Timberland Bank
—
—
Robert B Code
—
Deed Of Trust
related
$85,000 · Westside Community Bank
—
—
Robert B Code
—
Deed Of Trust
related
$116,700 · Westside Community Bank
—
—
Cherry Orchard LLC
—
Deed Of Trust
related
$52,500 · Exchange Connection INC
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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