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Property profile & analytics
OFF-MARKET
Industrial land
12218 Vernon SW Ave Lakewood, WA 98498-1231
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1166139
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.18 ac (8,000 SF)
Zoning code
MR2
APN
5005005850
UPID
US90-1166139
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
Ebeston-lakewood LLC · 20 yrs held
Ebeston-lakewood LLC
since 2005
5 recorded transactions
Zoning & alternative use
MR2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Mixed Residential 1 and Mixed Residential 2 zoning districts promote residential renewal to small lot detached single family residential dwellings, attached single family dwellings, and two family residential development Small scale multifamily residential is permitted in the MR2 zone
Zone name
Mixed Residential 2
General category
RESIDENTIAL
Zone area
203.03 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
$916
Tax year 2024
Assessed value
$86,300
Assessed 2024
Previous assessed
$86,300
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$86,300
Land market value
$86,300
Total market value
$86,300
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.18 ac (8,000 SF)
Zoning code
MR2
APN
5005005850
UPID
US90-1166139
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MR2 · Lakewood, WAZoning MR2 · permitted uses
MR2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Mixed Residential 1 and Mixed Residential 2 zoning districts promote residential renewal to small lot detached single family residential dwellings, attached single family dwellings, and two family residential development Small scale multifamily residential is permitted in the MR2 zone
Zone name
Mixed Residential 2
General category
RESIDENTIAL
Zone area
203.03 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Ebeston-lakewood LLC
Entity
Free & Clear · 20 yrs held
Mailing address
11012 CYN RD E STE #8, PUYALLUP, WA 98373-3002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2005
$300,000
Ebeston-lakewood LLC
Lerum Investments LLC
Warranty Deed
—
May 17, 2002
$102,056
Lerum Investments LLC
Harrison,cleo
Grant Deed
—
—
—
Lerum Investments LLC
—
Deed Of Trust
related
$80,000 · Cleo Harrison
—
—
Francis Kaheiki
—
Deed Of Trust
related
$157,700 · Wells Fargo Bank
—
—
Lerum Investments LLC
—
Deed Of Trust
related
$175,162 · Cleo Harrison
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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