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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Apartment buildings
3102 92nd S St Lakewood, WA 98499-9324
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1080801
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
WOOD FRAME
Total area
1,416 SF
Lot
1.86 ac (81,022 SF)
Zoning code
AC1
APN
4270000010
UPID
US90-1080801
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
$2.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Mrm Investors LLC · 4 yrs held
Mrm Investors LLC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
AC1 · 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
$2,465,000
ML approach
$2,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10% · vs last sale $2.36M (Apr 21 2022)
Last sale anchor
$2.36M
Apr 21 2022
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
$1,670 / 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
$25,037
Tax year 2024
Assessed value
$2,299,900
Assessed 2024
Previous assessed
$2,299,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,796,900
Assessed improvement
$503,000
Land market value
$1,796,900
Improvement market value
$503,000
Total market value
$2,299,900
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
1967
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Units
2
Total area
1,416 SF
Lot
1.86 ac (81,022 SF)
Zoning code
AC1
APN
4270000010
UPID
US90-1080801
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
AC1 · Lakewood, WA
Zoning AC1 · permitted uses
AC1 · 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
1967
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Mrm Investors LLC
Entity
Mailing address
2115 S 56TH ST STE #308, TACOMA, WA 98409-6900
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
$2,362,000
Mrm Investors LLC
Jb Sheridan Investments LLC
Warranty Deed
$1,890,000 · Solarity Cu
May 19, 2021
—
Jb Sheridan Investments LLC
Brigid P Sheridan
Quit Claim Deed
related
—
Mar 6, 2019
—
Sheridan,j & B Living Trust
Sheridan,james A & Brigid P
Quit Claim Deed
related
—
Mar 30, 2017
$875,000
James A Sheridan
Mchugh 92nd LLC
Warranty Deed
—
Sep 16, 2014
—
Mchugh 92nd LLC
Sheridan,james
Quit Claim Deed
related
—
Dec 17, 2001
$465,000
James M Sheridan
Lowrey,kathy A
Grant Deed
—
Oct 19, 1994
$540,000
Alice F Lowrey
Power,donald G & Peggy L
Grant Deed
—
Mar 1, 1993
$450,000
Donald G Power
Unknown
Grant Deed
$396,000 · Seller
—
—
James M Sheridan
—
Deed Of Trust
related
$480,000 · Jp Morgan Chase Bank NA
—
—
Florita Hernandez
—
Deed Of Trust
related
$184,000 · Academy Mortgage Corp
—
—
Alice Lowrey Estate
—
Deed Of Trust
related
$313,522 · Key Bank Of Washington
—
—
James M Sheridan
—
Deed Of Trust
related
$427,500 · Washington Mutual Fsb
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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