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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Apartment buildings
4001 112th SW St Lakewood, WA 98499-4603
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0675266
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD FRAME
Total area
7,488 SF
Lot
0.7 ac (30,500 SF)
Zoning code
TOC
APN
219014061
UPID
US90-0675266
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
$1.66M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.65M
Owner & transaction history
Apartments LLC · 3 yrs held
Apartments LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
TOC · 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
$1,650,000
ML approach
$1,660,000
CAP Approach
CAP Return
Estimation
6%
$1,510,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,355,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.82M (Apr 3 2023)
Last sale anchor
$1.82M
Apr 3 2023
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
$220 / 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
$17,315
Tax year 2024
Assessed value
$1,593,400
Assessed 2024
Previous assessed
$1,593,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,159,100
Assessed improvement
$434,300
Land market value
$1,159,100
Improvement market value
$434,300
Total market value
$1,593,400
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
12
Total area
7,488 SF
Lot
0.7 ac (30,500 SF)
Zoning code
TOC
APN
219014061
UPID
US90-0675266
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
TOC · Lakewood, WA
Zoning TOC · permitted uses
TOC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.4M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
12
Lot
0.7 ac
Current owner
From public records · entity-resolved
Apartments LLC
Entity
Mailing address
19919 NE 42ND ST, SAMMAMISH, WA 98074-6123
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
$1,824,000
Apartments LLC
Gary G Krumwiede
Warranty Deed
$1,281,000 · Gary G Krumwiede Etux
Nov 1, 2013
$998,400
Gary G Krumwiede
Austin Campbell
Warranty Deed
—
Aug 20, 2010
—
Austin Campbell
Penny Manor Apartment LLC
Quit Claim Deed
related
$104,452 · Eastside Funding LLC
Jul 20, 2010
—
Penny Manor Apartments LLC
Ventura Investment Props LLC
Deed In Lieu Of Foreclosure
related
—
Sep 15, 2004
$412,000
Ventura Investment Properties
Lee,james K
Warranty Deed
$329,600 · James K Lee
Nov 1, 1990
$231,400
James K Etal Lee
Unknown
Grant Deed
—
—
—
Austin Campbell
—
Deed Of Trust
related
$150,000 · Heritage Bank
—
—
Austin Campbell
—
Deed Of Trust
related
$500,000 · Heritage 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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