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Property profile & analytics
OFF-MARKET
Estimated value
$2,665,000
Apartment buildings
9006 Main E St Bonney Lake, WA 98391-8989
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0672643
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1995
Construction
WOOD FRAME
Total area
24,012 SF
Lot
1.44 ac (62,901 SF)
Zoning code
DM
APN
5640001760
UPID
US90-0672643
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
$2.67M
Owner & transaction history
Heatherwood Apt Hms LLC · 6 yrs held
Heatherwood Apt Hms LLC
since 2019
7 recorded transactions
Zoning & alternative use
DM · 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
$111 / 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
$35,724
Tax year 2024
Assessed value
$3,519,600
Assessed 2024
Previous assessed
$3,519,600
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,704,200
Assessed improvement
$1,815,400
Land market value
$1,704,200
Improvement market value
$1,815,400
Total market value
$3,519,600
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
1995
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
23
Total area
24,012 SF
Lot
1.44 ac (62,901 SF)
Zoning code
DM
APN
5640001760
UPID
US90-0672643
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DM · Bonney Lake, WA
Zoning DM · permitted uses
DM · 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
1995
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
23
Lot
1.44 ac
Current owner
From public records · entity-resolved
Heatherwood Apt Hms LLC
Entity
Mailing address
1002 39TH AVE SW STE #302, PUYALLUP, WA 98373-3805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
—
Heatherwood Apt Hms LLC
Fri Jv
Correction Deed
related
$2,000,000 · Banner Bank
Jan 31, 2017
—
Heatherwood Apartment Hms LLC
Fr1 Jv
Quit Claim Deed
related
—
Dec 19, 2016
—
Fr 1
—
Deed
related
$1,762,500 · Opus Bank
May 11, 2006
—
1
—
Trustees Deed
related
$1,225,000 · Key Bank NA
Oct 24, 2003
$1,400,000
Wayne L Johnson
Kindercare Learning Ctrs INC
Grant Deed
$900,000 · Kindercare Learning Ctrs INC
Sep 14, 1994
—
1
Riley,william J & Althea
Quit Claim Deed
related
—
Apr 19, 1994
$135,000
Riley,william J & Althea V
Templin,kathryn
Trustees Deed
—
—
—
Fr1
—
Deed Of Trust
related
$25,000 · Individual
—
—
1
—
Deed Of Trust
related
—
—
—
1
—
Deed Of Trust
related
—
—
—
Fr1
—
Deed Of Trust
related
$25,000 · Individual
—
—
Jerry D Flansburg
—
Deed Of Trust
related
$62,127 · Key Bank Of Washington
—
—
Wayne L Johnson
—
Deed Of Trust
related
$1,050,000 · Citizens Bank & Trust Co
—
—
1
—
Deed Of Trust
related
—
—
—
1
—
Loan Modification
related
$303,000 · Washington Federal Savings
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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