New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,605,000
Apartment buildings
8810 John Dower SW Rd Lakewood, WA 98499-2501
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0996788
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD FRAME
Total area
5,108 SF
Lot
0.86 ac (37,461 SF)
Zoning code
MF1
APN
220352009
UPID
US90-0996788
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
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$3.61M
Owner & transaction history
K&c Woods LLC · 2 yrs held
K&c Woods LLC
since 2023
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
MF1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+18.3%
Neighborhood: shopping center
$2.2M
+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
$3,485,000
ML approach
$3,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,355,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,175,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$3.61M
Range $3.24M – $3.97M · ±10% · vs last sale $3.85M (Nov 9 2023)
Last sale anchor
$3.85M
Nov 9 2023
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
$706 / 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
$39,393
Tax year 2024
Assessed value
$3,648,300
Assessed 2024
Previous assessed
$3,648,300
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,206,200
Assessed improvement
$2,442,100
Land market value
$1,206,200
Improvement market value
$2,442,100
Total market value
$3,648,300
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
1968
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
8
Total area
5,108 SF
Lot
0.86 ac (37,461 SF)
Zoning code
MF1
APN
220352009
UPID
US90-0996788
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF1 · Lakewood, WA
Zoning MF1 · permitted uses
MF1 · 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
RESTAURANT
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
8
Lot
0.86 ac
Current owner
From public records · entity-resolved
K&c Woods LLC
Entity
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
—
K&c Woods LLC
—
Deed
related
$2,850,000 · Jpmorgan Chase Bank NA
Nov 9, 2023
—
K&c Woods LLC
Kathryn Plett
Quit Claim Deed
related
—
May 9, 2022
$3,846,400
Elevate Belle Gardens LLC
Bg 24 LLC
Warranty Deed
—
May 9, 2022
—
Kathryn Plett
Christopher Gardner
Intrafamily Transfer
related
$3,325,000 · Alaska USA FCU
Jul 13, 2020
—
Bg 24 LLC
—
Deed
related
$2,150,000 · Washington Trust Bank
Jul 6, 2020
$2,644,000
Bg 24 LLC
Lakewood Apartments LLC
Warranty Deed
$2,150,000 · Washington Trust Bank
Sep 11, 2017
—
Lakewood Apartments LLC
—
Deed
related
$1,550,000 · Luther Burbank Savings
Jul 26, 2017
$2,360,000
Lakewood Apartments LLC
Jd Apartments Lakewood LLC
Warranty Deed
—
May 25, 2016
$1,400,000
Jd Apartments Lakewood LLC
Blue Fern Residential LLC
Warranty Deed
$1,120,000 · Cbre Cap Markets
Jul 15, 2011
$1,146,000
Blue Fern Residential LLC
Narciso C Del Rosario
Warranty Deed
$907,500 · Western Capital Bank
Feb 16, 2006
—
Narciso C Delrosario
Delrosario,narciso C
Quit Claim Deed
related
—
Jan 26, 2006
—
Narciso C Del Rosario
Narciso Del Rosario
Intrafamily Transfer
related
—
Jun 21, 2000
$669,501
Narciso C Del Rosario
Jimenez,james J & Erika
Grant Deed
$460,800 · Abn Amro Mortgage Group INC
Jun 4, 1990
$505,614
James J Jimenez
Unknown
Grant Deed
—
Oct 6, 1988
$356,000
Welch,& Scalara
The John Dower P
Grant Deed
$380,000 · Puget Sound National 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.
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 8810 John Dower SW Rd?
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.
