Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8306 Tacoma Mall Blvd Lakewood, WA 98499
    Property profile & analytics

    8306 Tacoma Mall Blvd, Lakewood, WA 98499

    View on Map
    • Retail properties & Spaces
    • 2,800 SF
    • 1.21 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 7-Eleven / Grocery & Convenience Store
    • PNC Bank ATM / Atm

    Property Details for 8306 Tacoma Mall Blvd

    Lot size
    1.21 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a fee-simple owned, single-tenant 7-Eleven convenience store and gas station located at 8306 Tacoma Mall Blvd, Lakewood, WA 98499. The property boasts 2,800 square feet on a 1.21-acre lot and features 12 gas pumps. A complete rebrand and remodel were completed in 2020. The property benefits from a highly visible location with direct Interstate 5 frontage (157,000 vehicles per day) in a densely populated Tacoma submarket. The absolute NNN lease has a remaining term of 10.4 years, with rare 10% rent increases every five years, providing significant long-term income growth. The current annual net operating income (NOI) is $275,000, resulting in a 4.85% cap rate. The asking price is $5,670,100. The lease includes four, five-year options. The property enjoys exceptional access and visibility, situated near major retailers such as Home Depot, Regal Cinemas, Discount Tire, Bass Pro Shops, and Chips Casino Lakewood. With over 313,700 visits in the past year (per Placer AI), this 7-Eleven ranks in the top 20% nationally for annual visits. The tenant, 7-Eleven, Inc., holds an investment-grade credit rating ("A" by S&P) and generated $81.33 billion in revenue in 2023. The 281,000-person population within a 5-mile radius ensures consistent customer traffic. This offering provides a compelling combination of strong tenant performance, favorable lease terms, and a prime location, making it an ideal addition to any investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.467
    Latitude
    47.1815

    Comparable in this City

    • Value Estimation
      $2,620,000
      0.05 Acres

      7718 Bridgeport W Way

      SERVICE STATION WITH FOOD MART
      7718 Bridgeport W Way, Lakewood, WA 98499-8380
      View Details
    • Value Estimation
      $2,400,000
      0.23 Acres

      11919 Pacific SW Hwy

      GAS STATION
      11919 Pacific SW Hwy, Lakewood, WA 98499-5180
      View Details
    • Value Estimation
      $660,000
      1.12 Acres

      9525 Tacoma Way

      SERVICE STATION WITH FOOD MART
      9525 Tacoma Way, Tacoma, WA 98499-4434
      View Details
    • Value Estimation by Request
      2,553 SF

      11741 Pacific SW Hwy

      CONVENIENCE STORE (W/FUEL PUMP)
      11741 Pacific SW Hwy, Tacoma, WA 98499-5176
      View Details
    • Value Estimation by Request
      2,515 SF

      10712 Bridgeport SW Way

      CONVENIENCE STORE (W/FUEL PUMP)
      10712 Bridgeport SW Way, Lakewood, WA 98499-4833
      View Details
    • Value Estimation by Request
      2,800 SF

      7410 Lakewood W Dr

      CONVENIENCE STORE (W/FUEL PUMP)
      7410 Lakewood W Dr, Lakewood, WA 98499-7938
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,072 SF

      Mixed-Use Property For Sale

      Mixed-use property offering owner-user or investment potential.
      11738 Pacific Hwy SW, Tacoma, WA 98499
      View Details
    • Contact for pricing

      Commercial Lot Near Sound Transit

      Commercial lot suitable for retail or multifamily development.
      11618 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $1,025,000
      2,916 SF

      Retail Property Near I-5

      Income property with excellent potential and long-term NNN tenants.
      12134 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $2,700,000

      Lakewood Gerber Collision Glass Investment

      NNN leased auto shop with renewal and options.
      4001 100Th St SW, Lakewood, WA 98499
      View Details
    • Contact for pricing
      40,372 SF

      Retail Building on South Tacoma

      40,372 SF retail building with redevelopment potential.
      8219 S Tacoma Way, Lakewood, WA 98499
      View Details
    • $925,000

      Lakewood Automotive Property For Sale

      Automotive property with four bays, fenced yard, and great visibility.
      6124 Lake Grove St SW, Lakewood, WA 98499
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,640 SF

      Retail Space in Lakewood, WA

      Retail property available for lease in Lakewood, Washington.
      10222 S Tacoma Way, Lakewood, WA 98499
      View Details
    • $4,267 /Mo
      3,200 SF

      Lakewood Commercial Suite For Rent

      Versatile 3,200 SF commercial suite suitable for various businesses.
      8024 Tacoma Way, Lakewood, WA 98499
      View Details
    • $20 SF/Yr
      3,378 SF

      Historic Building at Busy Intersection

      Iconic retail property with high visibility on a busy corner.
      9514 Gravelly Lake Dr SW, Lakewood, WA 98499
      View Details
    • Contact for pricing
      2,390 SF

      Retail Space on Custer Rd

      2,390 SF retail space in prime location for lease.
      7402-7406 Custer Rd W, Lakewood, WA 98499
      View Details
    • Contact for pricing
      3,378 SF

      Historic Retail Space in Lakewood

      Iconic retail property at a busy Lakewood intersection.
      6122 Motor Ave NW, Lakewood, WA 98499
      View Details
    • Contact for pricing
      3,498 SF

      Lakewood Retail/Office Space Available

      Freestanding building near JBLM, available for retail or office.
      10020 Bridgeport Way SW, Lakewood, WA 98499
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8306 Tacoma Mall Blvd
    Lakewood, WA 98499
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8306 Tacoma Mall Blvd, Lakewood, WA, 98499
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!