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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Apartment buildings
40 Thunderbird SW Pkwy, Tacoma, WA 98498-6162
Individually Owned
14-yr Hold
Free & Clear
Property ID
US90-1328232
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD FRAME
Total area
10,080 SF
Lot
8.68 ac (378,101 SF)
Zoning code
MF3
APN
220342014
UPID
US90-1328232
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
$1.08M
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.69M
Owner & transaction history
Lakewood Hawaiian Village Nort · 14 yrs held
Lakewood Hawaiian Village Nort
since 2012
7 recorded transactions
Zoning & alternative use
MF3 · Tacoma, 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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
by Request
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
$2,035,000
6.5%
$1,875,000
7%
$1,745,000
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10%
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
$168 / 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
$147,092
Tax year 2024
Assessed value
$13,397,000
Assessed 2024
Previous assessed
$13,397,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$7,778,200
Assessed improvement
$5,618,800
Land market value
$7,778,200
Improvement market value
$5,618,800
Total market value
$13,397,000
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
1965
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
20
Stories
2
Units
8
Total area
10,080 SF
Lot
8.68 ac (378,101 SF)
Zoning code
MF3
APN
220342014
UPID
US90-1328232
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF3 · Tacoma, WA
Zoning MF3 · permitted uses
MF3 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
20
Units
8
Lot
8.68 ac
Current owner
From public records · entity-resolved
Lakewood Hawaiian Village Nort
Individual
Free & Clear · 14 yrs held
Mailing address
9720 SAVAGE AVE, DOWNEY, CA 90240-3013
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2018
—
Lakewood Hawaiian Village North LLC
—
Deed
related
$1,375,000 · Jpmorgan Chase Bank NA
Mar 5, 2012
—
Lakewood Hawaiian Village Nort
Ramage Nancy D Trust
Quit Claim Deed
related
—
Aug 10, 2009
—
Ramage Nancy D Trust
Ramage G L JR & N D Trust
Quit Claim Deed
related
—
Mar 20, 1990
$3,290,000
Gelert R Ramage
Unknown
Grant Deed
—
Sep 26, 1989
$87,000
Fred D Larkin
Ritchie,john D
Grant Deed
$68,800 · United Northwestern FCU
—
—
Curtis K Kaeo
—
Deed Of Trust
related
$90,000 · Northwest Community
—
—
Ramage Trust
—
Deed Of Trust
related
$2,150,000 · 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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