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Property profile & analytics
OFF-MARKET
Commercial land
7407 146th SW St Lakewood, WA 98439-1208
Individually Owned
3-yr Hold
Property ID
US90-0603286
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1908
Total area
2,450 SF
Lot
1 ac (43,560 SF)
Zoning code
MF1
APN
219221041
UPID
US90-0603286
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Irene Njoroge · 3 yrs held
Irene Njoroge
since 2023
Last sale
$499,950
7 recorded transactions
Zoning & alternative use
MF1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Multifamily 1 zoning district provides for a variety of medium density housing types and designs offering a wide choice of living accommodations for families of diverse composition and lifestyles
Zone name
Multifamily 1
General category
RESIDENTIAL
Zone area
279.96 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$5,807
Tax year 2024
Assessed value
$523,900
Assessed 2024
Previous assessed
$438,500
+19.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$523,900
Land market value
$523,900
Total market value
$523,900
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1908
Heating
BASEBOARD
Stories
2
Bathrooms
2
Total area
2,450 SF
Lot
1 ac (43,560 SF)
Zoning code
MF1
APN
219221041
UPID
US90-0603286
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF1 · Lakewood, WAZoning MF1 · permitted uses
MF1 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Multifamily 1 zoning district provides for a variety of medium density housing types and designs offering a wide choice of living accommodations for families of diverse composition and lifestyles
Zone name
Multifamily 1
General category
RESIDENTIAL
Zone area
279.96 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1908
Heating
BASEBOARD
Stories
2
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Irene Njoroge
Individual
Mailing address
7407 146TH ST SW, LAKEWOOD, WA 98439-1208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2023
$499,950
Irene Njoroge
Ladder Properties LLC
Bargain And Sale Deed
$540,000 · Gary Ross
Feb 12, 2021
—
Ladder Properties LLC
Eastside Funding LLC
Quit Claim Deed
related
$299,764 · Eastside Funding LLC
Feb 12, 2021
$326,501
Ladder Properties LLC
Pacific Services Northwest INC
Trustees Deed
related
—
Oct 2, 2019
$445,000
Pacific Services Northwest INC
Jmr Property Holdings LLC
Warranty Deed
$325,000 · Jmr Prop Hldgs LLC
Oct 2, 2017
—
Jmr Property Holdings LLC
Henderson,james E SR
Quit Claim Deed
related
—
Apr 25, 2017
—
James E Henderson SR.
Jmr Property Holdings LLC
Warranty Deed
$78,000 · Nationstar Mortgage LLC
Sep 23, 2016
—
Jmr Property Holdings LLC
Henderson,james E SR
Quit Claim Deed
related
—
Oct 4, 2006
—
James E Henderson SR.
7407 146th Street Sw Land Trus
Quit Claim Deed
related
—
Sep 11, 2006
—
Jim Henderson
7407 146th St Trust
Quit Claim Deed
related
—
Dec 1, 1999
$139,608
7407 146th Street Sw Trust
Stumpf,mike
Grant Deed
$100,000 · Seller
—
—
James E Henderson SR.
—
Deed Of Trust
related
$87,000 · Greenpoint Mortgage Funding
—
—
James E Henderson SR.
—
Deed Of Trust
related
$12,800 · Lakewood City (co)
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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