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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Apartment buildings
9902 132nd St E Ct Puyallup, WA 98373-9116
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1152844
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
FRAME
Total area
3,728 SF
Lot
0.34 ac (14,850 SF)
Zoning code
UV
APN
3873000180
UPID
US90-1152844
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
-
Pearce Apartments Apartment Building
-
Hm Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$665k
Owner & transaction history
Mondsee Investments LLC · 3 yrs held
Mondsee Investments LLC
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
UV · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+52.0%
Medical building
$1.0M
+43.5%
Warehouse, storage
$945,000
+32.4%
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 Puyallup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Puyallup 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
$585,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$715,000
Current use
COMMERCIAL (GENERAL)
$1,085,000
Change: +52% · Conversion: Moderate
MEDICAL BUILDING
$1,025,000
Change: +43% · Conversion: Moderate
WAREHOUSE, STORAGE
$945,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $800k (Nov 18 2022)
Last sale anchor
$800k
Nov 18 2022
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
$178 / 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
$8,436
Tax year 2024
Assessed value
$758,700
Assessed 2024
Previous assessed
$758,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$184,200
Assessed improvement
$574,500
Land market value
$184,200
Improvement market value
$574,500
Total market value
$758,700
Applied tax rate
195.0000
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
1984
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Total area
3,728 SF
Lot
0.34 ac (14,850 SF)
Zoning code
UV
APN
3873000180
UPID
US90-1152844
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
UV · Puyallup, WA
Zoning UV · permitted uses
UV · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Puyallup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$945,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1984
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Mondsee Investments LLC
Entity
Mailing address
3011 N 33RD ST, TACOMA, WA 98407-6420
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2022
—
Mondsee Investments LLC
Ronald Reiter
Quit Claim Deed
related
—
Jun 30, 2021
$800,000
Ronald Reiter
Marc Wislen
Warranty Deed
$585,000 · Fairway Independent Mortgage Corp
Feb 25, 2015
$959,719
Marc Wislen
Michael O Pearce
Warranty Deed
—
Feb 25, 2002
$228,500
Michael O Pearce
Cahoon,melvin F & Tammie R
Grant Deed
$182,800 · Washington Mutual Fsb
—
—
Jill M Pearce
—
Deed Of Trust
related
$191,700 · Pnc Mortgage
—
—
Michael O Pearce
—
Deed Of Trust
related
$184,500 · Sib Mortgage Corp
—
—
Melvin F Cahoon
—
Deed Of Trust
related
$148,100 · Norwest Mortgage INC
—
—
Melvin F Cahoon
—
Deed Of Trust
related
$195,500 · Evergreen Moneysource Mtg Co
—
—
Melvin P Cahoon
—
Deed Of Trust
related
$13,000 · Bank Of America
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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