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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Apartment buildings
1216 Ee SE St, Lacey, WA 98503-2287
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0923803
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD FRAME
Total area
3,456 SF
Lot
0.18 ac (7,841 SF)
APN
1182-02-12503
UPID
US90-0923803
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
$665k
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$520k
Owner & transaction history
Winter 3 LP · 6 yrs held
Winter 3 LP
since 2019
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$620,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$150 / 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
$7,926
Tax year 2023
Assessed value
$833,500
Assessed 2022
Previous assessed
$508,700
+63.8% YoY
Effective rate
0.95%
On assessed value
Assessed land
$35,800
Assessed improvement
$797,700
Land market value
$35,800
Improvement market value
$797,700
Total market value
$833,500
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
1986
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
YES
Stories
2
Bathrooms
0
Total area
3,456 SF
Lot
0.18 ac (7,841 SF)
APN
1182-02-12503
UPID
US90-0923803
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
1986
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Bathrooms
0
Lot
0.18 ac
Current owner
From public records · entity-resolved
Winter 3 LP
Entity
Mailing address
PO BOX 688, ONALASKA, WA 98570-0688
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2019
—
Winter 3 LP
Epley,gerald G & Jean E
Quit Claim Deed
related
—
Jul 24, 2002
—
Winter Creek 2 LP
Epley Trust
Quit Claim Deed
related
—
Aug 30, 1993
$175,000
Thomas J Taylor
Unknown
Grant Deed
—
Aug 17, 1990
$275,000
Julien Julien Ramar
Garoutte, Ruffus E
Grant Deed
$125,000
—
—
Thomas J Taylor
—
Deed Of Trust
related
$7,500 · Individual
—
—
Thomas J Taylor
—
Deed Of Trust
related
$20,000 · Cascade Bank
—
—
Gerald G Epley
—
Deed Of Trust
related
$132,000 · Twinstar Cu
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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