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Property profile & analytics
OFF-MARKET
Estimated value
$10,485,000
Warehouses
4429 95th SW St Lakewood, WA 98499-5969
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0839802
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,118 SF
Lot
3.77 ac (164,221 SF)
Zoning code
IBP
APN
4002220070
UPID
US90-0839802
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
Current use
Occupant on record · Public records
-
American Direct Washington Building Supply Industrial Manufacturer
-
Provision Doors LLC Building Supply General Contractor
-
UR Asian foods Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.17M
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$10.49M
Owner & transaction history
Nwb Lakewood LLC · 2 yrs held
Nwb Lakewood LLC
since 2023
4 recorded transactions
Zoning & alternative use
IBP · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Industrial Business Park zoning district provides for a coordination of uses and design to facilitate an active integration of employment, services, and business or light industrial uses
Zone name
Industrial Business Park
General category
INDUSTRIAL
Zone area
436.69 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$17.0M
+105.3%
Medical building
$14.9M
+79.2%
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%
$11,015,000
6.5%
$10,170,000
7%
$9,440,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,290,000
Current use
COMMERCIAL (GENERAL)
$17,020,000
Change: +105% · Conversion: Difficult
MEDICAL BUILDING
$14,855,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$10.49M
Range $9.44M – $11.53M · ±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
$194 / 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
$78,042
Tax year 2024
Assessed value
$6,771,300
Assessed 2024
Previous assessed
$6,771,300
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,099,500
Assessed improvement
$3,671,800
Land market value
$3,099,500
Improvement market value
$3,671,800
Total market value
$6,771,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Total area
54,118 SF
Lot
3.77 ac (164,221 SF)
Zoning code
IBP
APN
4002220070
UPID
US90-0839802
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
IBP · Lakewood, WAZoning IBP · permitted uses
IBP · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Industrial Business Park zoning district provides for a coordination of uses and design to facilitate an active integration of employment, services, and business or light industrial uses
Zone name
Industrial Business Park
General category
INDUSTRIAL
Zone area
436.69 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$17.0M
MEDICAL BUILDING
Est. value
$14.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.77 ac
Current owner
From public records · entity-resolved
Nwb Lakewood LLC
Entity
Free & Clear · 2 yrs held
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
—
Nwb Lakewood LLC
Northwest Building LLC
Special Warranty Deed
—
Oct 26, 2016
—
Northwest Building LLC
—
Deed
related
$100,000,000 · Miscellaneous Ins Co
—
—
Northwest Building LLC
—
Deed Of Trust
related
$80,000,000 · Miscellaneous Ins Co
—
—
Northwest Building LLC
—
Loan Modification
related
$100,000,000 · Miscellaneous Ins Co
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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