Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    10601 Gravelly Lake Dr Lakewood, WA 98499

    • Retail space
    • 504 SF
    • 0.31 lot acres
    For Sale
    View listing
    $750,000
    Value Estimation
    Last Sale
    May 06, 2024
    $152,000
    Location Intelligence
    Property ID
    US90-1686499
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 10601 Gravelly Lake Dr

    Year built
    1951
    Construction
    WOOD FRAME
    Lot size
    0.31 lot acres
    Property size
    504 SF
    Zone code
    CBD
    Property type
    Retail space
    APN
    8860000070
    APU
    8860000070

    Description

    This exceptional investment opportunity presents a prime commercial property situated on a 0.26-acre corner lot at 10601 Gravelly Lake Dr SW in Lakewood, WA. The property boasts a combined building square footage exceeding 2800 square feet, comprised of a main building (2378 sq ft), a separate salon (580 sq ft), and a sizable storage/converted garage space. Its strategic location within the Central Business District ensures high visibility and significant foot traffic, making it ideal for a variety of commercial ventures. The property benefits from its position amidst established businesses and a thriving residential area, promising consistent growth and strong rental potential. The versatile layout allows for diverse uses, catering to a wide range of business needs. This is a rare chance to acquire a well-positioned commercial property in a rapidly developing area of Lakewood, offering significant return on investment. The property's size, location, and flexible space make it an attractive prospect for both established businesses seeking expansion and entrepreneurs looking to establish a new venture. Don't miss this opportunity to own a piece of Lakewood's vibrant commercial landscape. The asking price is $750,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $150,000
      6.5%
      $150,000
      7%
      $150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $125,000
      Geo Method
      $125,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $155,000
      Mixed-Use
      $140,000
      Hospitality
      $140,000
      Educational
      $135,000
      Residential Income
      $130,000
      Energy
      $150,000
      Income-Based Land
      $135,000
      Food Service
      $130,000

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.52
    Latitude
    47.1605
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,449
    $279,000
    $97,500
    $376,500
    -
    $279,000
    $97,500
    $376,500

    Comparable in this City

    • Value Estimation by Request
      47,700 SF

      10420 59th SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 47,700 SF
      10420 59th SW Ave, Tacoma, WA 98499-2766
      View Details
    • Value Estimation by Request
      5,616 SF

      11620 Pacific SW Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,616 SF
      11620 Pacific SW Hwy, Tacoma, WA 98499-4699
      View Details
    • Value Estimation by Request
      100,759 SF

      5618 Lakewood Towne Ctr SW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 100,759 SF
      5618 Lakewood Towne Ctr SW Blvd, Lakewood, WA 98499-3894
      View Details
    • Value Estimation by Request
      9,156 SF

      12826 Pacific SW Hwy, Unit 12828

      RETAIL STORES (PERSONAL SERVICES) • 9,156 SF
      12826 Pacific SW Hwy, Lakewood, WA 98499-1031
      View Details
    • Value Estimation by Request
      5,645 SF

      10011th Bridgeport SW Way

      RETAIL STORES (PERSONAL SERVICES) • 5,645 SF
      10011th Bridgeport SW Way, Lakewood, WA 98499
      View Details
    • Value Estimation by Request
      9,736 SF

      4104 Steilacoom SW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,736 SF
      4104 Steilacoom SW Blvd, Lakewood, WA 98499
      View Details

    Similar Nearby for Sale

    • $2,700,000
      40,372 SF

      Standalone Retail Building on Tacoma Way

      40,372 SF retail building with redevelopment options.
      8219 Tacoma Way, Lakewood, WA 98499
      View Details
    • $10,380,000

      Lakewood Square Retail Center

      Multi-tenant shopping center anchored by Goodwill with long-term lease.
      6000-6010 Mount Tacoma Dr SW, Lakewood, WA 98499
      View Details
    • $559,000
      2,800 SF

      Lakewood Retail Investment Opportunity

      Retail property in high-traffic Lakewood location with versatile layout.
      10601 Gravelly Lake Dr SW, Lakewood, WA 98499
      View Details
    • $2,450,000
      6,284 SF

      South Tacoma Way Office Building

      Iconic bank building, high visibility, ample parking.
      8801 Tacoma Way, Tacoma, WA 98499
      View Details
    • $975,000
      0.43 Acres

      Lakewood Commercial Property on Bridgeport

      Commercial property in established retail corridor with income generation.
      7214 Bridgeport Way W, Lakewood, WA 98499
      View Details
    • $1,500,000

      High-Visibility C2 Zoned Property

      Flexible investment potential in a prime location with high traffic.
      3624 Steilacoom Blvd SW, Lakewood, WA 98499
      View Details

    Similar Nearby for Lease

    • $1,695 /Mo
      1,498 SF

      Retail Storefront in Prime Location

      Retail space in Lakewood with high potential and flexible zoning.
      6403 Steilacoom Blvd SW, Lakewood, WA 98499
      View Details
    • $19 SF/Yr
      2,700 SF

      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
      8510-8534 S Tacoma Way, Lakewood, WA 98499
      View Details
    • $21 SF/Yr
      9,100 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and convenient access.
      10019 59Th Ave SW, Lakewood, WA 98499
      View Details
    • $17 SF/Yr
      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
    • $17 SF/Yr
      2,387 SF

      Retail Space in Lakewood, WA

      Retail space available for lease in Lakewood, WA.
      7304-7404 Lakewood Dr SW, Lakewood, WA 98499
      View Details
    • $30 SF/Yr
      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.
    10601 Gravelly Lake Dr
    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 Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.