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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Apartment buildings
10118 Lakeview SW Ave 10124 Lakewood, WA 98499-4221
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1290250
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Construction
WOOD FRAME
Total area
2,880 SF
Lot
0.3 ac (12,900 SF)
Zoning code
C1
APN
5400300591
UPID
US90-1290250
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
$640k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$740k
Owner & transaction history
Luisa Fructuoso Martinez · 4 yrs held
Luisa Fructuoso Martinez
since 2022
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
C1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+9.4%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$885,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$500,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,120,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,225,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$905,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $850k (Apr 27 2022)
Last sale anchor
$850k
Apr 27 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
$257 / 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
$7,600
Tax year 2024
Assessed value
$702,200
Assessed 2024
Previous assessed
$702,200
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$455,300
Assessed improvement
$246,900
Land market value
$455,300
Improvement market value
$246,900
Total market value
$702,200
Applied tax rate
760.0000
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
1950
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Total area
2,880 SF
Lot
0.3 ac (12,900 SF)
Zoning code
C1
APN
5400300591
UPID
US90-1290250
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Lakewood, WA
Zoning C1 · permitted uses
C1 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$905,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1950
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Luisa Fructuoso Martinez
Individual
Mailing address
15243 SE 275TH ST, KENT, WA 98042-4332
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
$850,000
Luisa Fructuoso Martinez
Skabrownsky LLC
Warranty Deed
$665,000 · Broker Solutions INC
Nov 22, 2021
$605,000
Skabrownsky LLC
Thomas L Crenshaw
Warranty Deed
$580,500 · Magnolia Capital Partners LLC
Jul 25, 2014
$239,000
Thomas L Crenshaw
I T Lakewood LLC
Warranty Deed
—
May 28, 2008
—
It Lakewood LLC
Harkins,tytus W
Deed In Lieu Of Foreclosure
—
May 15, 2007
—
Hawkeye Dev LLC
—
Trustees Deed
related
$30,000 · Claude Geffray
Dec 29, 2006
—
Tytus W Harkins
Harkins,cathi A
Quit Claim Deed
related
—
Dec 29, 2006
$351,256
Tytus W Harkins
Paul J Stout
Warranty Deed
$295,950 · Liberty Financial Group INC
Jun 23, 2003
$192,000
Paul Stout
Vivar,jaime F & Marie
Grant Deed
$153,600 · Sib Mortgage Corp
Jun 9, 2000
$131,464
James F Vivar
Anderson,terry W & Debbi
Grant Deed
$101,700 · Ge Capital Mortgage Service
—
—
Jaime F Vivar
—
Deed Of Trust
related
$104,000 · Soundview Mortgage Co
—
—
Paul Stout
—
Deed Of Trust
related
$189,000 · Harbourton Mortgage Inv Corp
—
—
Paul Stout
—
Deed Of Trust
related
$27,000 · Harbourton Mortgage Inv Corp
—
—
I T Lakewood LLC
—
Deed Of Trust
related
$261,250 · Plg Fund I LLC
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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