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    Property profile & analytics

    12721 47th SW Ave Lakewood, WA 98499-3405

    • Apartment buildings
    • 5,096 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimation
    $2,030,000
    Last Sale
    Jan 29, 2020
    $1,700,000
    Location Intelligence
    Property ID
    US90-1686765
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carlyle Apartments / Apartment Complex

    Property Details for 12721 47th SW Ave

    Year built
    1965
    Construction
    WOOD FRAME
    Lot size
    0.74 lot acres
    Property size
    5,096 SF
    Zone code
    MF2
    Property type
    Apartment buildings
    APN
    219123061
    APU
    219123061

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,920,000
      6.5%
      $1,720,000
      7%
      $1,850,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,570,000
      Geo Method
      $1,715,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,125,000
      Retail
      $1,715,000
      Mixed-Use
      $2,020,000
      Hospitality
      $1,935,000
      Educational
      $1,900,000
      Residential Income
      $1,775,000
      Energy
      $1,730,000
      Income-Based Land
      $1,685,000
      Food Service
      $1,870,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.499
    Latitude
    47.1416
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $28,278
    $1,549,600
    $1,032,400
    $2,582,000
    -
    $1,549,600
    $1,032,400
    $2,582,000

    Comparable in this City

    • Value Estimation by Request
      8,900 SF

      5419 110th SW St

      APARTMENT HOUSE (100+ UNITS) • 8,900 SF
      5419 110th SW St, Lakewood, WA 98499-3530
      View Details
    • Value Estimation by Request
      1,408 SF

      8809 34th S Ave, Unit 8823

      APARTMENT HOUSE (5+ UNITS) • 1,408 SF
      8809 34th S Ave, Lakewood, WA 98499-3658
      View Details
    • Value Estimation by Request
      4,025 SF

      10621 47th SW Ave

      APARTMENT HOUSE (5+ UNITS) • 4,025 SF
      10621 47th SW Ave, Lakewood, WA 98499-3702
      View Details
    • Value Estimation by Request
      7,212 SF

      12710 56th Ave SW Ct

      APARTMENT HOUSE (5+ UNITS) • 7,212 SF
      12710 56th Ave SW Ct, Lakewood, WA 98499-3250
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    • Value Estimation by Request
      4,580 SF

      10902 Freiday SW St

      APARTMENT HOUSE (5+ UNITS) • 4,580 SF
      10902 Freiday SW St, Tacoma, WA 98499-5601
      View Details
    • Value Estimation by Request
      10,290 SF

      4521 Mcchord SW Dr

      APARTMENT HOUSE (5+ UNITS) • 10,290 SF
      4521 Mcchord SW Dr, Tacoma, WA 98499-3488
      View Details

    Similar Nearby for Sale

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      Lakewood Trailer/RV Park for Sale

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    Similar Nearby for Lease

    • $20 SF/Yr
      51,580 SF

      Historic Building at Busy Intersection

      Iconic retail property with high visibility on a busy corner.
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      Retail Space in High-Traffic Area

      Retail space with high visibility and convenient access.
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      View Details
    • $1.15 SF/Yr
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      Flex space with office and ground-level door, ready for occupancy.
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      View Details
    • $19 SF/Yr
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      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
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      View Details
    • Contact for pricing
      900 SF

      Lakewood Office Space For Lease

      Office space available for lease in Lakewood, Washington.
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      View Details
    • $17 SF/Yr
      2,390 SF

      Retail Space on Custer Rd

      2,390 SF retail space in prime location for lease.
      7402-7406 Custer Rd W, Lakewood, WA 98499
      View Details
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    Lakewood, WA 98499-3405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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