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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Apartment buildings
12710 56th Ave SW Ct, Lakewood, WA 98499-3250
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1448280
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD FRAME
Total area
7,212 SF
Lot
1.82 ac (79,366 SF)
Zoning code
MF1
APN
219114017
UPID
US90-1448280
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
$760k
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.24M
Owner & transaction history
Lee Eagles Lair LLC · 6 yrs held
Lee Eagles Lair LLC
since 2019
7 recorded transactions
Zoning & alternative use
MF1 · Lakewood, WA
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 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
by Request
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,245,000
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±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
$172 / 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
$78,190
Tax year 2024
Assessed value
$7,210,500
Assessed 2024
Previous assessed
$7,210,500
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$3,946,700
Assessed improvement
$3,263,800
Land market value
$3,946,700
Improvement market value
$3,263,800
Total market value
$7,210,500
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
1985
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
3
Units
18
Total area
7,212 SF
Lot
1.82 ac (79,366 SF)
Zoning code
MF1
APN
219114017
UPID
US90-1448280
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF1 · Lakewood, WA
Zoning MF1 · permitted uses
MF1 · 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.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Units
18
Lot
1.82 ac
Current owner
From public records · entity-resolved
Lee Eagles Lair LLC
Entity
Mailing address
PO BOX 358, MERCER ISLAND, WA 98040-0358
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
Dec 2, 2019
—
Lee Eagles Lair LLC
James K Lee
Intrafamily Transfer
related
$3,998,000 · Hunt Mortgage Partners LLC
Jan 30, 2015
$2,099,719
James K Lee
Eagles Lair Apartments LLC
Warranty Deed
$1,575,000 · Opus Bank
May 30, 2013
—
Eagles Lair Apartments LLC
Tyroda LLC
Warranty Deed
—
Apr 29, 2011
$2,222,250
Tyroda LLC
Pierce Cnty Hsng Auth
Warranty Deed
$1,478,000 · Union Bank
Dec 1, 1998
—
Pierce County Housing Authorit
—
Deed Of Trust
related
$34,143,000 · Us Bank Trustee
Jun 26, 1997
—
Pierce County Housing Authorit
—
Deed Of Trust
related
$7,725,000 · First Trust NA
Jun 20, 1994
$1,445,500
Authority Pierce Count Housing
Eagles Lair Asso
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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