New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Apartment buildings
15001 Woodbrook SW Dr, Lakewood, WA 98439-2413
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0931892
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
WOOD FRAME
Total area
6,112 SF
Lot
0.92 ac (40,053 SF)
Zoning code
MR1
APN
219232027
UPID
US90-0931892
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 Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.44M
Owner & transaction history
Pandacat Properties LLC · 1 yrs held
Pandacat Properties LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
MR1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+13.8%
Neighborhood: shopping center
$2.6M
+5.3%
Industrial (general)
$2.6M
+4.3%
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
$2,440,000
ML approach
$2,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,475,000
Current use
RESTAURANT
$2,815,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,605,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,580,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,245,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $2.44M (Aug 30 2024)
Last sale anchor
$2.44M
Aug 30 2024
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
$399 / 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
$13,914
Tax year 2024
Assessed value
$1,263,800
Assessed 2024
Previous assessed
$1,263,800
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,225,700
Assessed improvement
$38,100
Land market value
$1,225,700
Improvement market value
$38,100
Total market value
$1,263,800
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
12
Bathrooms
2
Total area
6,112 SF
Lot
0.92 ac (40,053 SF)
Zoning code
MR1
APN
219232027
UPID
US90-0931892
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MR1 · Lakewood, WA
Zoning MR1 · permitted uses
MR1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.5M
RESTAURANT
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2018
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
12
Bathrooms
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Pandacat Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
18712 PO BOX 33036TH AVE SE, SEATTLE, WA 98133-0036
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$2,442,000
Pandacat Properties LLC
Woodbrook Apartments LLC
Warranty Deed
—
Mar 25, 2022
—
Woodbrook Apartments LLC
—
Deed
related
$1,511,000 · Berkadia Commercial Mortgage LLC
Nov 1, 2019
$1,350,000
Woodbrook Apartments LLC
Boglan Dev LLC
Warranty Deed
$1,044,000 · Orix R/e Cap
Apr 4, 2019
—
Boglan Development LLC
Milmor Lumber Manufacturing INC
Warranty Deed
$1,003,837 · Construction Loan Services II LLC
May 25, 2018
—
Boglan Dev LLC
—
Deed
related
$126,900 · Greg H & Paula R Anderson
Sep 29, 2017
—
Boglan Dev LLC
—
Deed
related
$620,000 · Greg H & Paula R Anderson
May 5, 2017
—
Boglan Dev LLC
—
Trustees Deed
related
$100,000 · Patrick D Simon
Apr 28, 2017
$150,000
Boglan Dev LLC
Milmor Lumber Mfg INC
Dual Purpose Document
$150,000 · Milmor Lumber Mfg INC
Jun 13, 2002
—
Milmor Lumber Manufacturing
Bartlett,vivian B
Quit Claim Deed
related
—
May 22, 1990
$2,000
Vivian Miller
Unknown
Grant Deed
related
—
—
—
Boglan Dev LLC
—
Deed Of Trust
related
$620,000 · Greg H & Paula R Anderson
—
—
Boglan Dev LLC
—
Deed Of Trust
related
$126,900 · Greg H & Paula R Anderson
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15001 Woodbrook SW Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
