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Property profile & analytics
OFF-MARKET
Apartment buildings
8501 Locust E Ave, Bonney Lake, WA 98391-8755
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0852128
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
WOOD FRAME
Total area
3,040 SF
Lot
0.59 ac (25,840 SF)
Zoning code
R3
APN
5340000080
UPID
US90-0852128
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
by Request
Owner & transaction history
Sondergaard Family LLC · 19 yrs held
Sondergaard Family LLC
since 2007
6 recorded transactions
Zoning & alternative use
R3 · Bonney Lake, 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 Bonney Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonney Lake 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
—
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
$19,064
Tax year 2024
Assessed value
$1,877,700
Assessed 2024
Previous assessed
$1,877,700
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$620,600
Assessed improvement
$1,257,100
Land market value
$620,600
Improvement market value
$1,257,100
Total market value
$1,877,700
Applied tax rate
35.0000
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
1979
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
2
Stories
2
Units
4
Total area
3,040 SF
Lot
0.59 ac (25,840 SF)
Zoning code
R3
APN
5340000080
UPID
US90-0852128
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Bonney Lake, WA
Zoning R3 · permitted uses
R3 · Bonney Lake, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bonney Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
2
Units
4
Lot
0.59 ac
Current owner
From public records · entity-resolved
Sondergaard Family LLC
Entity
Mailing address
19812 IS PKWY E, LAKE TAPPS, WA 98391-9011
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2007
$685,000
Sondergaard Family LLC
Bement,robert K & Carol M
Warranty Deed
$417,000 · Robert K & Carol M Bement
Aug 6, 1999
$385,000
Robert K Bement
Stacey,michael W & Nancy L
Grant Deed
—
Jun 15, 1998
$182,237
Nancy L Stacey
Petersen,john E & Lorraine N
Quit Claim Deed
related
—
Nov 22, 1995
—
Michael W Stacey
Stacey,michael W & Nancy
Quit Claim Deed
related
$288,750 · First Mutual Savings Bank
Apr 10, 1995
$248,000
Stacey S P Properties
St Pierre,real & Mary
Grant Deed
$163,000 · Seller
Mar 27, 1990
$205,000
St Pierre Real Etux
Unknown
Quit Claim Deed
related
$28,700 · Seller
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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