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Property profile & analytics
OFF-MARKET
Estimated value
$2,825,000
Apartment buildings
818 11th St, Tacoma, WA 98405-4526
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1743468
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,533 SF
Lot
0.3 ac (13,000 SF)
Zoning code
R5
APN
2011170010
UPID
US90-1743468
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
Current use
Occupant on record · Public records
-
Landmark Court Apartments Apartment Complex
-
Credit Advisors Financial Advisor
-
Victorious Secret Arcade & Gaming Center Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.83M
Owner & transaction history
Paul E Christianson · 10 yrs held
Paul E Christianson
since 2016
7 recorded transactions
Zoning & alternative use
R5 · Tacoma, WA
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$99 / 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
$57,643
Tax year 2024
Assessed value
$5,188,800
Assessed 2024
Previous assessed
$5,188,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$526,600
Assessed improvement
$4,662,200
Land market value
$526,600
Improvement market value
$4,662,200
Total market value
$5,188,800
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
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
3
Units
64
Total area
28,533 SF
Lot
0.3 ac (13,000 SF)
Zoning code
R5
APN
2011170010
UPID
US90-1743468
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R5 · Tacoma, WA
Zoning R5 · permitted uses
R5 · 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.
Building & site characteristics
From public records
Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
3
Units
64
Lot
0.3 ac
Current owner
From public records · entity-resolved
Paul E Christianson
Individual
Free & Clear · 10 yrs held
Mailing address
2562 PRT STANLEY RD, LOPEZ ISLAND, WA 98261-7600
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Mar 8, 2016
—
Paul E Christianson
Christianson,paul E
Quit Claim Deed
related
—
Aug 23, 2006
$2,310,000
Landmark Court Associates LLC
Virtu Landmark Associates LLC
Warranty Deed
$1,310,000 · Citibank Fsb
Nov 14, 2003
$1,145,700
Virtu Landmark Associates LLC
Pfeifer,stephen H
Grant Deed
$1,142,893 · Bank Of Oakland
Oct 11, 1996
—
Stephen H Pfeifer
708 Broadway Partnership
Quit Claim Deed
related
—
Dec 12, 1989
$394,000
708 Broadway Partnership
Unknown
Grant Deed
—
—
—
708 Broadway Ptshp
—
Deed Of Trust
related
$170,000 · Individual
—
—
Landmark Court Associates LLC
—
Deed Of Trust
related
$1,570,000 · Sterling Bank
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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