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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Apartment buildings
5406 82nd SW St Lakewood, WA 98499-6404
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0797924
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1990
Construction
WOOD FRAME
Total area
14,774 SF
Lot
16.84 ac (733,550 SF)
Zoning code
MF2
APN
220355024
UPID
US90-0797924
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
-
Stoney Creek Apartments Apartment Building Apartment Complex
-
Citizen & Oake Apartments Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Clpf C&o Lakewood LLC · 4 yrs held
Clpf C&o Lakewood LLC
since 2021
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
MF2 · 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
$1,400,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.21M (Sep 2 2021)
Last sale anchor
$1.21M
Sep 2 2021
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
$115 / 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
$691,689
Tax year 2024
Assessed value
$64,684,000
Assessed 2024
Previous assessed
$64,684,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$19,459,500
Assessed improvement
$45,224,500
Land market value
$19,459,500
Improvement market value
$45,224,500
Total market value
$64,684,000
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 (100+ UNITS)
Status
Off-Market
Year built
1990
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
18
Stories
3
Units
16
Total area
14,774 SF
Lot
16.84 ac (733,550 SF)
Zoning code
MF2
APN
220355024
UPID
US90-0797924
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF2 · Lakewood, WA
Zoning MF2 · permitted uses
MF2 · 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
1990
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
18
Units
16
Lot
16.84 ac
Current owner
From public records · entity-resolved
Clpf C&o Lakewood LLC
Entity
Mailing address
601 S FIGUEROA ST STE #3600, LOS ANGELES, CA 90017-5741
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
$1,209,003
Clpf C&o Lakewood LLC
Lakewood 231 LLC
Special Warranty Deed
$1,500,000 · Federal National Mortgage Associati
Sep 13, 2019
—
Lakewood 231 LLC
—
Deed
related
$1,500,000 · Hunt Mortgage Capital LLC
Aug 31, 2016
$32,950,000
Lakewood 231 LLC
Green Leaf Lakewood LLC
Grant Deed
—
Jul 2, 2013
—
Green Leaf Lakewood LLC
Erp Operating Limited Partnership
Special Warranty Deed
$14,214,000 · Cbre Capital Markets INC
Jun 18, 1993
$5,857,800
Holly Property Holdings INC
Unknown
Grant Deed
related
$410,000
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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