Entity Owned Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD FRAME
Total area
5,560 SF
Lot
1 ac (43,560 SF)
Zoning code
AC2
APN
320313036
UPID
US90-1068907
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$5.77M
Owner & transaction history
since 2021
Last sale
$5.0M
6 recorded transactions
Zoning & alternative use
AC2 · Lakewood, WA
Zoning description
The purpose of Air Corridor 2 zoning districts is to promote land use and development that is compatible with the aircraft noise and accident potential associated with the proximity to Joint Base Lewis McChord aircraft f…
General category
UNKNOWN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.77M
Value range
$5.19M – $6.35M
±10% around blend
Estimated value / SF
$1,038 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$5.19M
blend $5.77M
$6.35M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,560 SF
Lot area
1 ac
Year built
1987
Stories
2
APN
320313036
Zoning
AC2
Assessed value
$4,458,400
Annual tax
$48,326
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.45M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.6 mi away · 4,395 SF
2.8 mi away · 4,640 SF
5.6 mi away · 5,064 SF
5.8 mi away · 5,140 SF
5.9 mi away · 4,218 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.77M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 62 sales
$389
+166%
Submarket 73 sales
$405
+156%
County 597 sales
$236
+340%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $1,038/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.98M
Move the market yield to see immediate price impact.
Value / SF
$896
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$314k
$6.28M
$4.49M
$3.49M
$349k
$6.98M
$4.98M
$3.88M
$384k
$7.68M
$5.48M
$4.26M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$2.25M
0.8 mi · Feb 2026 · $331/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$48,326
Tax year 2024
Assessed value
$4,458,400
Assessed 2024
Previous assessed
$4,458,400
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,589,800
Assessed improvement
$2,868,600
Land market value
$1,589,800
Improvement market value
$2,868,600
Total market value
$4,458,400
Applied tax rate
760.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1987
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Units
8
Total area
5,560 SF
Lot
1 ac (43,560 SF)
Zoning code
AC2
APN
320313036
UPID
US90-1068907
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
AC2 · Lakewood, WAZoning AC2 · permitted uses
AC2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of Air Corridor 2 zoning districts is to promote land use and development that is compatible with the aircraft noise and accident potential associated with the proximity to Joint Base Lewis McChord aircraft f…
General category
UNKNOWN
Building & site characteristics
From public records
Year built
1987
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
8
Lot
1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
AC2
UNKNOWN
Jurisdiction
Lakewood, WA
Recorded code
AC2
Official district
AC2
Official district profile
What the municipal code says about AC2
Zoning description
The purpose of Air Corridor 2 zoning districts is to promote land use and development that is compatible with the aircraft noise and accident potential associated with the proximity to Joint Base Lewis McChord aircraft f…
General category
UNKNOWN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for AC2 in Lakewood, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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