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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Apartment buildings
8510 26th St W Ct, University Place, WA 98466-8292
Individually Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1492478
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1997
Construction
WOOD FRAME
Total area
7,132 SF
Lot
7.87 ac (342,817 SF)
Zoning code
MU
APN
220091155
UPID
US90-1492478
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
$1.11M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$1.07M
Owner & transaction history
Eugene L Hudson · 29 yrs held
Eugene L Hudson
since 1997
5 recorded transactions
Zoning & alternative use
MU · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+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
by Request
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,475,000
Current use
MEDICAL BUILDING
$1,745,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$320,621
Tax year 2024
Assessed value
$27,021,400
Assessed 2024
Previous assessed
$27,021,400
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$7,920,600
Assessed improvement
$19,100,800
Land market value
$7,920,600
Improvement market value
$19,100,800
Total market value
$27,021,400
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 (100+ UNITS)
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
14
Stories
2
Units
12
Total area
7,132 SF
Lot
7.87 ac (342,817 SF)
Zoning code
MU
APN
220091155
UPID
US90-1492478
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
$1.5M
MEDICAL BUILDING
Est. value
$1.7M
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
1997
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
14
Units
12
Lot
7.87 ac
Current owner
From public records · entity-resolved
Eugene L Hudson
Individual
Mailing address
300 DESCHUTES WAY SW STE #208, TUMWATER, WA 98501-7719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 1997
$7,800,000
Eugene L Hudson
Carriage House Washington LLC
Grant Deed
$6,116,048 · Seller
Sep 27, 1996
—
Carriage House Washington LLC
Streitz,steven K & Linda L
Grant Deed
$5,625,000 · Key Bank Of Washington
Jul 25, 1996
—
Steven K Streitz
Carriage House INC
Quit Claim Deed
related
—
Nov 1, 1994
—
Carriage House INC
Streitz,steven K & Linda L
Grant Deed
related
—
Nov 30, 1993
$689,000
Funding Arctic
Thomas,joe
Grant Deed
related
$460,000 · Real Estate Mortgage Exchange
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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