New search
Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office Spaces
6927 Lakewood Dr W Ste C1 University Place, WA 98467-3247
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1008287
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Construction
WOOD FRAME
Total area
1,227 SF
Lot
0.14 ac (6,058 SF)
Zoning code
MUD
APN
9003530040
UPID
US90-1008287
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$433k
Blend (final)
Blend
$555k
Owner & transaction history
Ezhong Holding LLC · 5 yrs held
Ezhong Holding LLC
since 2021
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
MUD · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$520,000
+37.6%
Auto repair, garage
$455,000
+19.8%
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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$520,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$380,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$455,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$370,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$370,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $650k (Apr 20 2021)
Last sale anchor
$650k
Apr 20 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
$452 / 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
$3,625
Tax year 2024
Assessed value
$294,900
Assessed 2024
Previous assessed
$294,900
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$105,000
Assessed improvement
$189,900
Land market value
$105,000
Improvement market value
$189,900
Total market value
$294,900
Applied tax rate
275.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
1,227 SF
Lot
0.14 ac (6,058 SF)
Zoning code
MUD
APN
9003530040
UPID
US90-1008287
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · University Place, WA
Zoning MUD · permitted uses
MUD · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$380,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$455,000
RETAIL STORES
Est. value
$370,000
WAREHOUSE, STORAGE
Est. value
$370,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2000
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ezhong Holding LLC
Entity
Mailing address
6927 LAKEWOOD DR W STE C2, UNIVERSITY PL, WA 98467-3247
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2021
$650,000
Ezhong Holding LLC
Jennifer Rossana Dieguez
Warranty Deed
$940,000 · Live Oak Banking Company
Jul 24, 2019
—
Mark D Johnson
—
Deed
related
$254,524 · Diane D Johnson
Apr 30, 2015
—
Mark D Johnson
Johnson Diane D
Quit Claim Deed
related
—
Sep 11, 2002
$407,190
Mark D Johnson
S Century INC
Grant Deed
$393,750 · Pierce Commercial Bank
—
—
Mark D Johnson
—
Deed Of Trust
related
$555,000 · Kenneth & Angela Long
—
—
Mark D Johnson
—
Deed Of Trust
related
$350,000 · Viking Bank
—
—
Mark D Johnson
—
Deed Of Trust
related
$254,524 · Diane D Johnson
—
—
Mark D Johnson
—
Loan Modification
related
$480,000 · Us Bk
—
—
Mark D Johnson
—
Deed Of Trust
related
$387,781 · Columbia State Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6927 Lakewood Dr W Ste C1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
