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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Retail space
14421 Woodbrook SW Dr Lakewood, WA 98439-1318
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0737156
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,808 SF
Lot
1.31 ac (56,889 SF)
Zoning code
MR1
APN
219221133
UPID
US90-0737156
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
-
Woodbrook Community Church Media Ministry Church Mosque
-
Amazon Locker - Wiam Courier Service Postal Service
-
Woodbrook Mart Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.07M
Owner & transaction history
Wbsk Investment INC · 3 yrs held
Wbsk Investment INC
since 2023
Last sale
$900,000
3 recorded transactions
Zoning & alternative use
MR1 · 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 1
General category
RESIDENTIAL
Zone area
135.51 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$1.6M
+70.8%
Auto repair, garage
$1.4M
+47.3%
Medical building
$1.0M
+10.0%
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
$1,220,000
ML approach
$1,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$950,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,625,000
Change: +71% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,400,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,045,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,020,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $900k (Feb 2 2023)
Last sale anchor
$900k
Feb 2 2023
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
$281 / 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
$12,368
Tax year 2024
Assessed value
$1,053,500
Assessed 2024
Previous assessed
$1,053,500
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$830,300
Assessed improvement
$223,200
Land market value
$830,300
Improvement market value
$223,200
Total market value
$1,053,500
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
3,808 SF
Lot
1.31 ac (56,889 SF)
Zoning code
MR1
APN
219221133
UPID
US90-0737156
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MR1 · Lakewood, WAZoning MR1 · permitted uses
MR1 · 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 1
General category
RESIDENTIAL
Zone area
135.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Wbsk Investment INC
Entity
Mailing address
14421 WOODBROOK DR SW, LAKEWOOD, WA 98439-1318
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
$900,000
Wbsk Investment INC
Dasaga INC
Warranty Deed
$1,360,000 · Hanmi Bank
Mar 10, 2021
$1,030,000
Dasaga INC
Jin K Lee
Warranty Deed
$1,240,000 · Commonwealth Business Bank
Oct 20, 2006
$565,000
Kang W Lee
Quinn,roy & Saundra
Warranty Deed
$452,000 · Sterling Savings 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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