New search
Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Apartment buildings
8324 Orch SW St 8326 Lakewood, WA 98498-2221
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0494437
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1925
Construction
WOOD FRAME
Total area
2,120 SF
Lot
0.42 ac (18,400 SF)
Zoning code
MR2
APN
2200001190
UPID
US90-0494437
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
Current use
Occupant on record · Public records
-
Orchard Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$395k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
8324 Orchard St Sw LLC · 3 yrs held
8324 Orchard St Sw LLC
since 2022
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
MR2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$905,000
+9.5%
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
$605,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$430,000
6.5%
$395,000
7%
$365,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$780,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $825k (Sep 2 2022)
Last sale anchor
$825k
Sep 2 2022
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
$278 / 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
$8,819
Tax year 2024
Assessed value
$812,000
Assessed 2024
Previous assessed
$812,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$576,400
Assessed improvement
$235,600
Land market value
$576,400
Improvement market value
$235,600
Total market value
$812,000
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
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
1925
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
5
Total area
2,120 SF
Lot
0.42 ac (18,400 SF)
Zoning code
MR2
APN
2200001190
UPID
US90-0494437
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
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1925
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
5
Lot
0.42 ac
Current owner
From public records · entity-resolved
8324 Orchard St Sw LLC
Entity
Mailing address
17767 14TH AVE NW, SHORELINE, WA 98177-3206
Ownership since
2022
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
Sep 2, 2022
$825,000
8324 Orchard St Sw LLC
Quarto Ave LLC
Warranty Deed
$600,000 · Telco Community Cu
May 20, 2016
$374,719
Quarto Ave LLC
Elite Property Investments LLC
Warranty Deed
$300,000 · Timberland Bank
May 21, 2013
$375,000
Elite Property Investments LLC
Integrity Dev Services LLC
Warranty Deed
$289,285 · Eastside Funding LLC
Dec 24, 2012
$151,216
Integrity Dev Services LLC
Krilich Thomas G
Trustees Deed
related
$154,292 · Eastside Funding LLC
Jan 4, 2007
$40,000
Bradley M Weber
Taylor,james E
Quit Claim Deed
related
—
May 23, 2002
$118,750
James E Taylor
Lauricella Trust
Grant Deed
$90,000 · Robert Lee
—
—
James E Taylor
—
Deed Of Trust
related
$30,000 · Hjl Trust
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 8324 Orch SW St, Unit 8326?
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.
