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Property profile & analytics
OFF-MARKET
Estimated value
$7,265,000
Apartment buildings
6170 Ter Vw SE Ln, Auburn, WA 98092-5517
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1422649
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2005
Construction
WOOD FRAME
Total area
36,166 SF
Lot
21.57 ac (939,589 SF)
Zoning code
TV
APN
520066025
UPID
US90-1422649
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
-
Belara at Lakeland Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.74M
Comparable Approach
Comparable
$5.25M
Blend (final)
Blend
$7.27M
Owner & transaction history
Kw Lakeland LLC · 9 yrs held
Kw Lakeland LLC
since 2016
4 recorded transactions
Zoning & alternative use
TV · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.5M
+22.9%
Medical building
$9.9M
+16.3%
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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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%
$7,295,000
6.5%
$6,735,000
7%
$6,250,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,540,000
Current use
OFFICE BUILDING
$10,495,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$9,930,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$7.27M
Range $6.54M – $7.99M · ±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
$201 / 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
$522,133
Tax year 2024
Assessed value
$51,794,200
Assessed 2024
Previous assessed
$51,794,200
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$22,427,700
Assessed improvement
$29,366,500
Land market value
$22,427,700
Improvement market value
$29,366,500
Total market value
$51,794,200
Applied tax rate
741.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2005
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
3
Units
42
Total area
36,166 SF
Lot
21.57 ac (939,589 SF)
Zoning code
TV
APN
520066025
UPID
US90-1422649
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
TV · Auburn, WA
Zoning TV · permitted uses
TV · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Auburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.5M
OFFICE BUILDING
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$9.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
2005
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
8
Units
42
Lot
21.57 ac
Current owner
From public records · entity-resolved
Kw Lakeland LLC
Entity
Mailing address
151 EL CAMINO DR, BEVERLY HILLS, CA 90212-2704
Ownership since
2016
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
Jul 12, 2016
$80,500,000
Kw Lakeland LLC
Belara Communities LLC
Grant Deed
$62,550,000 · Holliday Fenoglio Fowler
Oct 30, 2006
—
Belara Communities LLC
—
Deed Of Trust
related
$49,000,000 · Hypro R/e Capital Corp
May 12, 2006
$39,726,503
Belara Communities LLC
Terrace View
Grant Deed
—
Dec 28, 2004
$4,752,000
Terrace View
Terrace View Properties LLC
Warranty Deed
related
$39,843,500 · Keycorp R E Capital Marketing
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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