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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Apartment buildings
712 Enterprise NE Dr Lacey, WA 98516-2011
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1229691
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
WOOD FRAME
Total area
7,044 SF
Lot
0.49 ac (21,344 SF)
APN
6217-00-03401
UPID
US90-1229691
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
$1.43M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.30M
Owner & transaction history
Lacey Enterprise LLC · 6 yrs held
Lacey Enterprise LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
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 Lacey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lacey 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
$1,570,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
$1,470,000
6.5%
$1,360,000
7%
$1,260,000
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.31M (Jul 17 2020)
Last sale anchor
$1.31M
Jul 17 2020
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
$185 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,154
Tax year 2023
Assessed value
$1,248,900
Assessed 2022
Previous assessed
$878,800
+42.1% YoY
Effective rate
0.97%
On assessed value
Assessed land
$82,700
Assessed improvement
$1,166,200
Land market value
$82,700
Improvement market value
$1,166,200
Total market value
$1,248,900
Applied tax rate
241.0000
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 (5+ UNITS)
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
YES
Stories
2
Total area
7,044 SF
Lot
0.49 ac (21,344 SF)
APN
6217-00-03401
UPID
US90-1229691
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Lacey Enterprise LLC
Entity
Mailing address
2520 103RD AVE SE, BELLEVUE, WA 98004-7204
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2020
$1,311,000
Lacey Enterprise LLC
712 Enterprises Dr LLC
Warranty Deed
$993,750 · Gesa Cu
Aug 21, 2019
$900,000
712 Ents Dr LLC
Houde,robert L
Warranty Deed
$800,000 · Magnolia Cap Ptrs LLC
Oct 12, 2007
$635,000
Robert L Houde
Lord,gerald O
Warranty Deed
$508,000 · Homestreet Bank
Aug 22, 2005
$530,000
Gerald O Lord
Oconnell S T Trust
Warranty Deed
$403,077 · Washington Business Bank
Nov 19, 2004
$340,000
Oconnell Siobhain T Trust
Ly,trung & Linh
Warranty Deed
$275,636 · South Sound Bank
—
—
Gerald O Lord
—
Deed Of Trust
related
$60,000 · O'connell Siobhain T Trust
—
—
Robert L Houde
—
Deed Of Trust
related
$508,000 · Homestreet 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.
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