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Property profile & analytics
OFF-MARKET
Apartment buildings
14405 Un SW Ave 14417 Lakewood, WA 98498-2201
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0524542
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD FRAME
Total area
2,080 SF
Lot
0.57 ac (25,000 SF)
Zoning code
NC2
APN
219222062
UPID
US90-0524542
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
Walla 503 2nd LLC · 3 yrs held
Walla 503 2nd LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
NC2 · 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
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
$22,117
Tax year 2024
Assessed value
$2,028,700
Assessed 2024
Previous assessed
$2,028,700
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,356,500
Assessed improvement
$672,200
Land market value
$1,356,500
Improvement market value
$672,200
Total market value
$2,028,700
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
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Units
4
Total area
2,080 SF
Lot
0.57 ac (25,000 SF)
Zoning code
NC2
APN
219222062
UPID
US90-0524542
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2 · Lakewood, WA
Zoning NC2 · permitted uses
NC2 · 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
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
0.57 ac
Current owner
From public records · entity-resolved
Walla 503 2nd LLC
Entity
Mailing address
10835 243RD AVE NE, REDMOND, WA 98053-5723
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2022
$2,497,900
Walla 503 2nd LLC
Union Ave 16 LLC
Warranty Deed
$1,725,000 · Solarity Cu
Feb 3, 2021
$1,521,440
Union Ave 16 LLC
Nolan Hubbard Ross
Warranty Deed
$1,000,000 · Banner Bank
Jan 16, 2020
$1,200,000
Hubbard Trust
Better Prop Of America LLC
Correction Deed
related
—
Dec 30, 2019
$1,200,000
Hubbard Trust
Better Prop Of America LLC
Warranty Deed
$1,122,000 · Bfspv I LLC
Jul 17, 2018
—
Better Properties Of America LLC
—
Deed
related
$500,000 · Washington Federal NA
Sep 23, 2016
—
Better Properties Of America LLC
—
Deed
related
$696,000 · National Ln Acquisitions
Feb 7, 2014
—
Von Schmauder Properties LLC
Adams,todd C
Grant Deed
—
Jan 16, 2004
$329,785
Todd Adams
Forest Beach Finance Co
Quit Claim Deed
related
—
Jan 16, 2004
—
Todd Adams
Forest Beach Finance Co Psp
Quit Claim Deed
related
—
Dec 11, 2003
$29,284
Forest Beach Finance Co
Jeff Von Schmauder Properties
Trustees Deed
related
—
Nov 28, 2001
$453,725
Von Schmauder Prop LLC
Payopay,dionisio & Emma
Grant Deed
$300,000 · Chesterfield Mortgage Investor
Feb 23, 1999
$120,000
Dionisio Payopay
Glatt,kenneth A
Grant Deed
$273,000 · Capital Investments INC
Oct 1, 1997
$219,270
Bellarmine Trust
Mcguire,birna P
Trustees Deed
—
Oct 1, 1997
$300,000
Glatt,kenneth A
Keytrust Co
Trustees Deed
—
Dec 12, 1995
—
Brian P Mcguire
—
Deed Of Trust
related
$1,250,000 · Individual
—
—
Jeff V Schmauder
—
Deed Of Trust
related
$30,000 · Forest Beach Finance Co
—
—
Better Properties Of America LLC
—
Deed Of Trust
related
$696,000 · National Ln Acquisitions
—
—
Von Schmauder Properties LLC
—
Loan Modification
related
$441,000 · Columbia St Bk
—
—
Todd C Adams
—
Deed Of Trust
related
$406,000 · Columbia State Bank
—
—
Von Schmauder Properties LLC
—
Deed Of Trust
related
—
—
—
Todd C Adams
—
Deed Of Trust
related
$61,004 · Columbia State 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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