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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Apartment buildings
12020 Edgewood SW Ave, Lakewood, WA 98498-1286
Entity Owned
Absentee Owner
Property ID
US90-0727077
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Construction
FRAME
Total area
2,728 SF
Lot
0.41 ac (18,000 SF)
Zoning code
R4
APN
5005003720
UPID
US90-0727077
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
$770k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$886k
Blend (final)
Blend
$770k
Owner & transaction history
Digs92 LLC
Digs92 LLC
since 2025
Last sale
$763,000
7 recorded transactions
Zoning & alternative use
R4 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+9.5%
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
$680,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$510,000
7%
$470,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,165,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,000,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $763k (May 1 2025)
Last sale anchor
$763k
May 1 2025
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
$282 / 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
$7,378
Tax year 2024
Assessed value
$685,400
Assessed 2024
Previous assessed
$685,400
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$233,700
Assessed improvement
$451,700
Land market value
$233,700
Improvement market value
$451,700
Total market value
$685,400
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
1955
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
4
Bathrooms
4
Total area
2,728 SF
Lot
0.41 ac (18,000 SF)
Zoning code
R4
APN
5005003720
UPID
US90-0727077
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R4 · Lakewood, WA
Zoning R4 · permitted uses
R4 · 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
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1955
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
4
Bathrooms
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
Digs92 LLC
Entity
Mailing address
2991 E FOLLEY PL, CHANDLER, AZ 85225-2423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 21, 2025
—
Digs92 LLC
Bao Dinh
Quitclaim Deed
related
—
May 1, 2025
$763,000
Bao Dinh
Good Foundations Group LLC
Warranty Deed
$572,250 · Nations Direct Mortgage LLC
May 1, 2025
—
Bao Dinh
Ngoc Dung Dinh
Deed
related
—
Feb 10, 2025
$450,000
Good Foundations Group LLC
Ellen Mae Bennett
Warranty Deed
$539,000 · Kiavi Funding INC
Feb 4, 2005
—
Ellan Mae Bennett
Ellan Mae Bennett
Intrafamily Transfer
related
$166,000 · New Century Mortgage Corp
Feb 1, 2005
—
Bennett Ellan M Trust
Bennett,ellan M
Quit Claim Deed
related
—
Oct 22, 2003
—
Ellan M Bennett
Bennett,tr
Quit Claim Deed
related
$130,052 · Countrywide Home Loans INC
Dec 13, 1993
$141,900
Ellan M Benentt
Warner,irin E &
Grant Deed
$146,157 · Countrywide Funding Corp
—
—
Ellan M Bennett
—
Deed Of Trust
related
$215,400 · Countrywide Home Loans INC
—
—
Ellan M Bennett
—
Deed Of Trust
related
$10,712 · United Lending Group
—
—
Ellan M Bennett
—
Deed Of Trust
related
$15,932 · Citizens Thrift & Loan
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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