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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Warehouses
9403 39th Ave SW Ct Lakewood, WA 98499-4411
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-2987898
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
STEEL FRAME
Total area
10,000 SF
Lot
0.93 ac (40,366 SF)
Zoning code
I1
APN
5087000020
UPID
US90-2987898
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
-
The Peggs Company Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
Horizon Sierra LLC · 1 yrs held
Horizon Sierra LLC
since 2024
Last sale
$683,497
6 recorded transactions
Zoning & alternative use
I1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Industrial 1 zoning district provides for regional research, light manufacturing, warehousing, concentrated business or employment parks, and other major regional employment uses
Zone name
Industrial 1
General category
INDUSTRIAL
Zone area
300.90 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
Method
Estimation
Statistic approach
$685,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $683k (Sep 10 2024)
Last sale anchor
$683k
Sep 10 2024
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
$69 / 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
$14,484
Tax year 2024
Assessed value
$1,261,000
Assessed 2024
Previous assessed
$1,261,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$773,600
Assessed improvement
$487,400
Land market value
$773,600
Improvement market value
$487,400
Total market value
$1,261,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
10,000 SF
Lot
0.93 ac (40,366 SF)
Zoning code
I1
APN
5087000020
UPID
US90-2987898
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Lakewood, WAZoning I1 · permitted uses
I1 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Industrial 1 zoning district provides for regional research, light manufacturing, warehousing, concentrated business or employment parks, and other major regional employment uses
Zone name
Industrial 1
General category
INDUSTRIAL
Zone area
300.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Horizon Sierra LLC
Entity
Free & Clear · 1 yrs held
Mailing address
33 SAINT RAPHAEL, LAGUNA NIGUEL, CA 92677-2762
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
—
Horizon Sierra LLC
Chresten R Nelson
Quit Claim Deed
related
—
Jan 12, 2012
—
Peggs J L & N L Family Trust
Peggs,johnny L & Nancy
Quit Claim Deed
related
—
May 11, 2010
—
Peggs J L & N L Family Trust
Peggs,johnny L & Nancy
Quit Claim Deed
related
—
Apr 11, 2001
$683,497
Johnny L Peggs
Schlossman,steven & Barbara D
Grant Deed
—
Aug 22, 1990
$285,000
Steven Schlossman
Unknown
Grant Deed
$262,200 · First Interstate Bank Washingt
—
—
Steven Schlossman
—
Deed Of Trust
related
$170,000 · Wells Fargo 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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