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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Apartment buildings
14312 Thorne SW Ln Lakewood, WA 98498-2138
Trust Owned
~
Est. High Equity
Property ID
US90-1244461
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1999
Construction
WOOD FRAME
Total area
4,320 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R3
APN
219164022
UPID
US90-1244461
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
Current use
Occupant on record · Public records
-
Mr. Mitchell J Rosenzweig Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$645k
Owner & transaction history
John Kurmel Revocable Living Trust
John Kurmel Revocable Living Trust
since 2025
7 recorded transactions
Zoning & alternative use
R3 · 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
$390,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$805,000
7%
$745,000
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$149 / 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
$20,077
Tax year 2024
Assessed value
$1,876,900
Assessed 2024
Previous assessed
$1,876,900
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,192,000
Assessed improvement
$684,900
Land market value
$1,192,000
Improvement market value
$684,900
Total market value
$1,876,900
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
1999
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Units
4
Total area
4,320 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R3
APN
219164022
UPID
US90-1244461
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Lakewood, WA
Zoning R3 · permitted uses
R3 · 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
1999
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Units
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
John Kurmel Revocable Living Trust
Trust
Mailing address
14312 W THORNE LN SW UNIT #15, LAKEWOOD, WA 98498-2142
Ownership since
2025
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
Sep 17, 2025
—
John Kurmel Revocable Living Trust
John Kurmel Revocable Living Trust
Deed
related
—
May 10, 2018
—
Kurmel,john Living Trust
Kurmel,john
Quit Claim Deed
related
—
Jul 10, 2013
—
John E Kurmel
Kurmel,shannon L
Quit Claim Deed
related
—
Dec 31, 1996
—
John E Kurmel
Kurmel,john E
Quit Claim Deed
related
$315,000 · Southern Pacific Thrift & Loan
Dec 8, 1989
$319,000
John E Kurmel
Unknown
Grant Deed
—
—
—
John E Kurmel
—
Deed Of Trust
related
$103,000 · Washington Mutual Fsb
—
—
John E Kurmel
—
Deed Of Trust
related
$480,000 · First Mutual Bank
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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