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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Apartment buildings
10914 Addison SW St Lakewood, WA 98499-3799
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1114073
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,096 SF
Lot
1.04 ac (45,520 SF)
Zoning code
MF3
APN
5080000180
UPID
US90-1114073
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
-
Lakewood Gardens Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Ayele And Hanna LLC · 3 yrs held
Ayele And Hanna LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
MF3 · Lakewood, 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 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
$1,230,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.36M (Jan 30 2023)
Last sale anchor
$1.36M
Jan 30 2023
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
$93 / 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
$29,375
Tax year 2024
Assessed value
$2,640,300
Assessed 2024
Previous assessed
$2,640,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,334,200
Assessed improvement
$1,306,100
Land market value
$1,334,200
Improvement market value
$1,306,100
Total market value
$2,640,300
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Units
22
Total area
14,096 SF
Lot
1.04 ac (45,520 SF)
Zoning code
MF3
APN
5080000180
UPID
US90-1114073
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF3 · Lakewood, WA
Zoning MF3 · permitted uses
MF3 · 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.
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
22
Lot
1.04 ac
Current owner
From public records · entity-resolved
Ayele And Hanna LLC
Entity
Mailing address
25203 22ND AVE S, DES MOINES, WA 98198-9049
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2023
—
Ayele And Hanna LLC
Ayele Bekele Ketema
Quit Claim Deed
related
—
Mar 26, 2019
—
Ketema-andarge Living Trust
Ketema,ayele B
Quit Claim Deed
related
—
Apr 26, 2017
—
Ayele B Ketema
—
Deed
related
$250,000 · Us Bank NA
Nov 22, 2016
$1,360,000
Ayele B Ketema
Dietrich,mark
Warranty Deed
—
Oct 31, 2005
$930,000
Mark Dietrich
Strong,john E
Warranty Deed
$650,000 · Imperial Capital Bank
Sep 3, 2003
$683,100
John E Strong
National Investment Properties
Grant Deed
$469,500 · National Investment Properties
Oct 28, 1998
$550,054
National Investment Properties
Interwest Bank
Grant Deed
$346,000 · Washington First Int'l Bank
Jan 22, 1998
$465,841
Interwest Bank
Beeksma,edward C
Grant Deed
related
—
Jul 25, 1991
$363,602
Douglas T Stave
Mylet,jerome E
Grant Deed
$325,722 · Ostruske William T
—
—
Gene A Grambo
—
Deed Of Trust
related
$22,500 · Javco Mortgage INC
—
—
Gene A Grambo
—
Deed Of Trust
related
$420,000 · Interwest Savings Bank
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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