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Property profile & analytics
FOR SALE
Flex space
3819 94Th St SW Lakewood, WA 98499
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US90-1190309
For Sale
1 / 27
$1,199,950
3819 94Th St SW, Lakewood, WA 98499
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Construction
STEEL FRAME
Total area
1,368 SF
Lot
0.85 ac (37,200 SF)
Zoning code
I1
APN
3960000310
UPID
US90-1190309
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jung C Choi · 24 yrs held
Jung C Choi
since 2001
7 recorded transactions
Zoning & alternative use
I1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,111
Tax year 2024
Assessed value
$835,400
Assessed 2024
Previous assessed
$835,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$712,600
Assessed improvement
$122,800
Land market value
$712,600
Improvement market value
$122,800
Total market value
$835,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1982
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
1,368 SF
Lot
0.85 ac (37,200 SF)
Zoning code
I1
APN
3960000310
UPID
US90-1190309
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Lakewood, WA
Zoning I1 · permitted uses
I1 · 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
1982
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Lot
0.85 ac
Current owner
From public records · entity-resolved
Jung C Choi
Individual
Mailing address
3819 94TH ST SW, LAKEWOOD, WA 98499-4419
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2017
—
Jung C Choi
—
Deed
related
$450,000 · Keybank USA
Sep 18, 2001
$349,020
Jung C Choi
Choi,tong K
Grant Deed
related
$230,000 · Tong K
Mar 1, 1989
$130,000
Jeong Chul Choi
Unknown
Grant Deed
$119,600 · Seller
—
—
Jung C Choi
—
Deed Of Trust
related
$300,000 · Cathay Bank
—
—
Choi,jung C & Hyun S
—
Deed Of Trust
related
$438,349 · Bbcn Bk-washington
—
—
Jung C Choi
—
Deed Of Trust
related
$402,000 · Bbcn Bk-washington
—
—
Tong K Choi
—
Deed Of Trust
related
$1,000,000 · Nara Bank
—
—
Tong Kon Choi
—
Deed Of Trust
related
$1,000,000 · Nara Bank
—
—
Jung C Choi
—
Deed Of Trust
related
$450,000 · Keybank USA
—
—
Jeong C Choi
—
Deed Of Trust
related
$75,000 · Key Bank NA
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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