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Property profile & analytics
OFF-MARKET
Estimated value
$2,865,000
Mobile home & RV parks
19612 6th St E Ct 19707, Lake Tapps, WA 98391-6267
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1085296
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1988
Construction
WOOD FRAME
Total area
1,770 SF
Lot
11.32 ac (493,099 SF)
Zoning code
R10
APN
520045040
UPID
US90-1085296
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
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.87M
Owner & transaction history
Lake Bowman Mhc LLC · 4 yrs held
Lake Bowman Mhc LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
R10 · Lake Tapps, 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 Lake Tapps submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Tapps 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
$3,165,000
ML approach
$2,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.87M
Range $2.58M – $3.15M · ±10% · vs last sale $2.85M (Jul 23 2021)
Last sale anchor
$2.85M
Jul 23 2021
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
$1,619 / 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
$21,974
Tax year 2024
Assessed value
$1,866,500
Assessed 2024
Previous assessed
$1,866,500
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,415,000
Assessed improvement
$451,500
Land market value
$1,415,000
Improvement market value
$451,500
Total market value
$1,866,500
Applied tax rate
395.0000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1988
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
2
Units
24
Bathrooms
2
Total area
1,770 SF
Lot
11.32 ac (493,099 SF)
Zoning code
R10
APN
520045040
UPID
US90-1085296
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Lake Tapps, WA
Zoning R10 · permitted uses
R10 · Lake Tapps, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Tapps. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
24
Bathrooms
2
Lot
11.32 ac
Current owner
From public records · entity-resolved
Lake Bowman Mhc LLC
Entity
Mailing address
PO BOX 2397, LYNNWOOD, WA 98036-2397
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
—
Lake Bowman Mhc LLC
—
Deed
related
$1,842,000 · Wells Fargo Bank NA
Jul 23, 2021
$2,850,000
Lake Bowman Mhc LLC
Lake Bowman Mhp LLC
Warranty Deed
—
Feb 21, 2019
—
Lake Bowman Mhp LLC
—
Deed
related
$1,000,000 · Mufg Union Bank NA
Oct 26, 2012
—
Lake Bowman Mhp LLC
Fisher T & S Family Trust
Quit Claim Deed
related
—
Aug 27, 2008
$1,200,000
Fisher Family Trust
David Wakefield Family LLC
Warranty Deed
$780,000 · Union Bank Of California
Jun 24, 2004
—
Wakefield Ents LLC
Wakefield,wayne & Carol A
Quit Claim Deed
related
—
May 31, 2001
—
David & Barbara Wakefield LLC
Wakefield,david A & Barbara
Quit Claim Deed
related
—
Jan 7, 2000
$660,000
David Wakefield
Barry,betty L
Grant Deed
$440,000 · Seller
—
—
Lake Bowman Mhp LLC
—
Deed Of Trust
related
$871,000 · Union 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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