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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Apartment buildings
8216 27th W St, University Place, WA 98466-2779
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1491684
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,600 SF
Lot
0.46 ac (20,250 SF)
Zoning code
MU
APN
9180200010
UPID
US90-1491684
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
$860k
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$905k
Owner & transaction history
Hyun LLC · 5 yrs held
Hyun LLC
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
MU · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+18.2%
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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$810,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,160,000
Current use
MEDICAL BUILDING
$1,370,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $1.00M (Jul 8 2020)
Last sale anchor
$1.00M
Jul 8 2020
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
$162 / 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
$9,145
Tax year 2024
Assessed value
$676,200
Assessed 2024
Previous assessed
$676,200
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$451,100
Assessed improvement
$225,100
Land market value
$451,100
Improvement market value
$225,100
Total market value
$676,200
Applied tax rate
752.0000
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
5
Total area
5,600 SF
Lot
0.46 ac (20,250 SF)
Zoning code
MU
APN
9180200010
UPID
US90-1491684
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · University Place, WA
Zoning MU · permitted uses
MU · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
5
Lot
0.46 ac
Current owner
From public records · entity-resolved
Hyun LLC
Entity
Mailing address
930 S 336TH ST STE D, FEDERAL WAY, WA 98003-6384
Ownership since
2020
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
Oct 22, 2024
—
Hyun LLC
—
Deed
related
$850,000 · Timberland Bank
Aug 25, 2023
—
Hyun LLC
—
Deed
related
$810,000 · Timberland Bank
Aug 24, 2023
—
Hyun LLC
—
Deed
related
$810,000 · Timberland Bank
Jul 8, 2020
$1,000,000
Hyun LLC
James L Wingard
Warranty Deed
$850,000 · Gbc International Bank
Aug 5, 2014
—
Wingard,james L Living Trust
Wingard,james L
Quit Claim Deed
related
—
May 1, 2008
$900,000
James L Wingard
Kendall,curtis & Gail
Warranty Deed
—
Jul 17, 1997
$1,000
Sidney A Hays
Kendall,curtis L & Gail M
Quit Claim Deed
related
—
—
—
James Wingard
—
Deed Of Trust
related
$562,665 · Columbia State Bank
—
—
Curtis L Kendall
—
Deed Of Trust
related
$71,048 · Columbia State Bank
—
—
Curtis L Kendall
—
Deed Of Trust
related
$240,000 · Columbia State 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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