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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
7005 150th SW St Lakewood, WA 98439-2420
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-3185235
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
2.37 ac (103,107 SF)
Zoning code
IBP
APN
219221045
UPID
US90-3185235
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
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
City Of Lakewood · 4 yrs held
City Of Lakewood
since 2021
5 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
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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
—
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
$41,253
Tax year 2024
Assessed value
$3,933,000
Assessed 2024
Previous assessed
$972,300
+304.5% YoY
Effective rate
1.05%
On assessed value
Assessed land
$2,846,500
Assessed improvement
$1,086,500
Land market value
$2,846,500
Improvement market value
$1,086,500
Total market value
$3,933,000
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
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
Heating
NONE
Lot
2.37 ac (103,107 SF)
Zoning code
IBP
APN
219221045
UPID
US90-3185235
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
Building & site characteristics
From public records
Heating
NONE
Lot
2.37 ac
Current owner
From public records · entity-resolved
City Of Lakewood
Entity
Free & Clear · 4 yrs held
Mailing address
2115 S CEDAR HLS DR, MOUNT VERNON, WA 98274-9000
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
Dec 16, 2021
—
City Of Lakewood
Jose L Diaz
Deed
—
Jul 6, 2021
—
Los Guerreros Warehouse LLC
Tienda Y Carniceria Los Guerreros L
Quit Claim Deed
related
—
May 5, 2020
$240,000
Tienda Y Carniceria Los Guerre
Front Street LLC
Warranty Deed
—
Mar 28, 2008
$275,000
Front Street LLC
Collister,carol A
Warranty Deed
—
May 6, 2004
—
Carol A Collister
Collister,rolla D
Quit Claim Deed
related
—
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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