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Property profile & analytics
OFF-MARKET
Estimated value
$22,720,000
Industrial land
4302 Chambers Crk W Rd Lakewood, WA 98498
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-0448101
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
250,000 SF
Lot
47.9 ac (2,086,524 SF)
Zoning code
INDUSTRIAL
APN
220294025
UPID
US90-0448101
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
$15.17M
Blend (final)
Blend
$22.72M
Owner & transaction history
Hdg LP · 6 yrs held
Hdg LP
since 2019
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.72M
Range $20.45M – $24.99M · ±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
$91 / 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
$77,665
Tax year 2024
Assessed value
$9,032,000
Assessed 2024
Previous assessed
$9,032,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$9,032,000
Land market value
$9,032,000
Total market value
$9,032,000
Applied tax rate
115.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
250,000 SF
Lot
47.9 ac (2,086,524 SF)
Zoning code
INDUSTRIAL
APN
220294025
UPID
US90-0448101
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL · Lakewood, WAZoning INDUSTRIAL · permitted uses
INDUSTRIAL · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
47.9 ac
Current owner
From public records · entity-resolved
Hdg LP
Entity
Free & Clear · 6 yrs held
Mailing address
1603 133RD PL NW, BELLEVUE, WA 98005
Ownership since
2019
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 10, 2019
—
Hdg LP
Chambers Bay LLC
Deed In Lieu Of Foreclosure
related
—
May 8, 2018
—
Chambers Bay LLC
—
Trustees Deed
related
$3,752,049 · Hdg LP
May 14, 2013
$119,000
Chambers Bay LLC
Chambers Creek LLC
Quit Claim Deed
related
—
Jul 22, 2011
—
Chambers Creek LLC
—
Grant Deed
related
$1,110,000 · Scrappy Note LLC
Dec 17, 2010
$1,850,000
Steilacoom Historical Sch Dist
Chambers Creek LLC
Warranty Deed
—
Feb 11, 2010
$4,337,000
Chambers Creek LLC
Abitibi Consolidated Sales Cor
Grant Deed
$4,845,000 · Private Lender
Sep 28, 1994
—
Steilacoom Newsprint Co
Boise Cascade Corp
Trustees Deed
related
—
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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