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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Apartment buildings
7619 Douglas W St Lakewood, WA 98499-8614
Individually Owned
4-yr Hold
Property ID
US90-1372316
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
FRAME
Total area
1,920 SF
Lot
0.34 ac (15,000 SF)
Zoning code
MR2
APN
3905000570
UPID
US90-1372316
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$556k
Blend (final)
Blend
$630k
Owner & transaction history
Benjamin Mb Goddard · 4 yrs held
Benjamin Mb Goddard
since 2021
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
MR2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$820,000
+9.4%
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
$725,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$750,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$605,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $625k (Nov 24 2021)
Last sale anchor
$625k
Nov 24 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
$328 / 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
$6,349
Tax year 2024
Assessed value
$590,900
Assessed 2024
Previous assessed
$590,900
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$217,200
Assessed improvement
$373,700
Land market value
$217,200
Improvement market value
$373,700
Total market value
$590,900
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
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
1964
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
4
Bathrooms
4
Total area
1,920 SF
Lot
0.34 ac (15,000 SF)
Zoning code
MR2
APN
3905000570
UPID
US90-1372316
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MR2 · Lakewood, WA
Zoning MR2 · permitted uses
MR2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$605,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1964
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
4
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Benjamin Mb Goddard
Individual
Mailing address
14150 NE 20TH ST STE F1, BELLEVUE, WA 98007-3700
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$625,000
Benjamin Mb Goddard
Douglas Street Apartments LLC
Warranty Deed
$468,750 · Wells Fargo Bank NA
Dec 31, 2020
—
Douglas Street Apartments LLC
—
Deed
related
$390,000 · First Financial Northwest Bank
Oct 17, 2019
$415,000
Douglas Street Apartments LLC
Ditran Holdings LLC
Warranty Deed
$363,152 · Intrust Funding LLC
Jan 23, 2017
—
Ditran Holdings LLC
Dixon,jeffrey
Quit Claim Deed
related
—
Nov 15, 2016
—
Jeffrey Dixon
Tran,thanh T T
Quit Claim Deed
related
—
Nov 15, 2016
$269,950
Jeffrey Dixon
Saxwold,gerald F
Warranty Deed
$202,050 · Boeing Emps Cu
Aug 24, 2012
$200,000
Gerald F Saxwold
Constanti,john V & Denise M
Warranty Deed
—
Oct 29, 2004
$229,000
John V Costanti
Lyons,pete
Warranty Deed
$133,800 · Liberty Financial
Aug 26, 2003
$187,500
Pete Lyons
Tran,huy H
Grant Deed
$168,750 · Long Beach Mortgage Co
Mar 21, 2003
$156,950
Huy H Tran
Phillabaum,james
Grant Deed
$125,550 · Sib Mortgage Corp
Jun 11, 1999
$136,925
James Phillabaum
Griffin,darlene K
Grant Deed
$123,200 · Oakmont Mortgage Co INC
Mar 13, 1996
$108,000
Darlene K Griffin
Anderson,benny R
Grant Deed
$107,567 · Qpoint Home Mortgage Loans Cap
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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