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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Apartment buildings
1205 Ee SE St Lacey, WA 98503-2250
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0384694
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Construction
WOOD FRAME
Total area
5,564 SF
Lot
0.23 ac (10,019 SF)
APN
7150-05-04100
UPID
US90-0384694
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
$1.17M
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$921k
Blend (final)
Blend
$1.21M
Owner & transaction history
Union Gospel Mission Assication Of · 4 yrs held
Union Gospel Mission Assication Of
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
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 Lacey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lacey 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
$1,180,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$995,000
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.23M (Oct 6 2021)
Last sale anchor
$1.23M
Oct 6 2021
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
$217 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,693
Tax year 2023
Assessed value
$1,124,800
Assessed 2022
Previous assessed
$684,900
+64.2% YoY
Effective rate
0.95%
On assessed value
Assessed land
$45,100
Assessed improvement
$1,079,700
Land market value
$45,100
Improvement market value
$1,079,700
Total market value
$1,124,800
Applied tax rate
241.0000
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
2004
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
5,564 SF
Lot
0.23 ac (10,019 SF)
APN
7150-05-04100
UPID
US90-0384694
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Union Gospel Mission Assication Of
Individual
Mailing address
PO BOX 7668, OLYMPIA, WA 98507-7668
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
$1,230,000
Union Gospel Mission Assication Of
James N Kreamer
Warranty Deed
$500,000 · Heritage Southeast Bank
Dec 29, 2011
—
Bavaro Mike Trust
Bavaro M & S Trust
Quit Claim Deed
related
—
May 8, 2006
$750,000
Bavaro Mike & Shirley Trust
Bouton,brian A
Warranty Deed
—
Aug 12, 2005
$675,000
Brian A Bouton
Oconnell S T & J J
Warranty Deed
$511,445 · Washington Business Bank
Dec 3, 2004
$515,000
Oconnell Siobhain T Trust
George Coffee Mgmt Svcs LLC
Warranty Deed
$417,399 · South Sound Bank
Apr 30, 2004
—
Sharp & Sharp Holdings LLC
—
Trustees Deed
related
$279,000 · South Sound Bank
Feb 27, 2004
$113,500
Sharp & Sharp Holdings LLC
Abbey,timothy G & Cathryn A
Grant Deed
related
$113,745 · John Coffee
Dec 2, 1997
$28,200
Eric B Anderson
Kirkish,george P & Linda L
Quit Claim Deed
related
—
Aug 24, 1990
$43,500
Clifford L Taylor
Unknown
Grant Deed
—
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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