Property profile

5510th Chicago SW Ave Lakewood, WA 98499

OFF-MARKET
Apartment buildings
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Property ID
US90-1713840
6,425 SF 1.14 ac Built 1983
Last sale Apr 2018·$2,230,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$39k
Tax billed · 2024
Assessed value$3.56M
Assessed land$2.24M
Assessed improvement$1.32M
Effective rate1.08%

Value estimate

· Nov 2026
$895k
$806k – $985k
CAP approach$1.20M
Submarket $/SF estimate$1.00M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$389/SF
ZIP average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$204 – $654

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MF1
The Multifamily 1 zoning district provides for a variety of medium density housing types and designs offering a wide choice of living acc...
General categoryRESIDENTIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.3
Realty agency9.5
HVAC Service9.0

Location

5510th Chicago SW Ave Lakewood, WA 98499
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4425 Pacific SW, Tacoma, WA 98499-4246 $1,855,000 Jul 2025 7,296 SF
8212 29th Ave S, Lakewood, WA 98499-8832 $9,200,000 Dec 2024 7,168 SF
6124 88th SW, Tacoma, WA 98499-2601 $1,500,000 Oct 2024 5,271 SF
6502 Mt Tacoma SW, Tacoma, WA 98499-1554 $5,400,000 Sep 2023 6,916 SF
4001 112th SW, Lakewood, WA 98499-4603 $1,824,000 Apr 2023 7,488 SF
12915 47th SW, Tacoma, WA 98499-3412 $570,000 Mar 2023 7,488 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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