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Property profile & analytics
OFF-MARKET
Commercial land
11001 47th SW Ave Lakewood, WA 98499-3718
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-0737086
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1903
Construction
WOOD FRAME
Total area
1,416 SF
Lot
0.28 ac (12,000 SF)
Zoning code
MF3
APN
5080000930
UPID
US90-0737086
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
by Request
Owner & transaction history
Charles Coleman · 4 yrs held
Charles Coleman
since 2021
Last sale
$370,000
4 recorded transactions
Zoning & alternative use
MF3 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Multifamily 3 zoning district is intended to integrate urban, high density, multistory housing in close proximity to a principal or minor arterial with commercial or residential districts
Zone name
Multifamily 3
General category
COMMERCIAL
Zone area
185.87 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,163
Tax year 2024
Assessed value
$192,700
Assessed 2024
Previous assessed
$192,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$192,700
Land market value
$192,700
Total market value
$192,700
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1903
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,416 SF
Lot
0.28 ac (12,000 SF)
Zoning code
MF3
APN
5080000930
UPID
US90-0737086
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF3 · Lakewood, WAZoning MF3 · permitted uses
MF3 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Multifamily 3 zoning district is intended to integrate urban, high density, multistory housing in close proximity to a principal or minor arterial with commercial or residential districts
Zone name
Multifamily 3
General category
COMMERCIAL
Zone area
185.87 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1903
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Charles Coleman
Individual
Free & Clear · 4 yrs held
Mailing address
7531 CODY ST W, LAKEWOOD, WA 98499-8666
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2021
$370,000
Charles Coleman
Washington Presbyterian Church W P
Warranty Deed
—
Jun 23, 1995
—
Presbyterian Church Washington
Lee,hae B & Sook W
Grant Deed
related
—
May 5, 1994
$50,000
Hae B Lee
Faith Outreach M
Grant Deed
$25,000 · Seller
—
—
Presbyterian Church Washington
—
Deed Of Trust
related
$50,000 · Pacifica 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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