Property profile

5614 111th SW St 5620 Lakewood, WA 98499

OFF-MARKET
Apartment buildings
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Property ID
US90-0803507
2,728 SF 0.3 ac Built 1955
Last sale Mar 2018·$395,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$656k
Assessed land$216k
Assessed improvement$440k
Effective rate1.08%

Value estimate

· Nov 2026
$395k
$356k – $435k
AI approach$395k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$389/SF
ZIP average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$204 – $654
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R4
The Residential 4 zoning districts include single family, middle housing, ADUs, and smaller and moderate scale multifamily housing with g...
General categoryRESIDENTIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop8.3
Butcher8.2
Laundromat8.1

Location

5614 111th SW St, Unit 5620 Lakewood, WA 98499-2278
County assessor Recorded deeds · 7 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8331 32nd S, Lakewood, WA 98499-5024 $21,429,000 Dec 2025 3,120 SF
8324th 32nd Ave S, Lakewood, WA 98499 $21,429,000 Dec 2025 3,120 SF
5109 Mcchord SW, Lakewood, WA 98499-3290 $230,000 May 2025 3,046 SF
4119 110th SW, Lakewood, WA 98499-4104 $2,296,500 Mar 2025 3,120 SF
5607 76th W, Lakewood, WA 98499-8439 $980,000 Aug 2023 2,848 SF
10607 Kendrick SW, Lakewood, WA 98499-4202 $950,000 Apr 2023 3,033 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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