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    10310 Tacoma Way Lakewood, WA 98499

    • Retail space
    • 18,835 SF
    • 1.50 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $2,450,000
    Last Sale
    Mar 14, 2025
    $2,600,000
    Location Intelligence
    Property ID
    US90-1158943
    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

    • Adorned Bridal & Formal Boutique / Bridal Shop / Discount Store
    • Salon Services Pro - Lakewood / Beauty Supply Store
    • Flix Furnace Repair / Furnace Repair Service
    • The Captain Crab / Seafood Restaurant
    • Shaniko Design / Store

    Property Details for 10310 Tacoma Way

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.50 lot acres
    Property size
    18,835 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    219015018
    APU
    219015018

    Description

    Southgate Plaza, located in Lakewood, WA, offers a 6,057 square foot flex space for lease. This single-story, 22,035 square foot building, constructed in 1981 and renovated in 2001, sits on a 1.5-acre lot. The property features a mix of office (2,657 SF), warehouse (3,400 SF), and shop space, complemented by a 4,500 square foot fenced yard. Loading is facilitated by two front roll-up doors and a 48-inch rear door. Ample parking is provided with 96 spaces, and two drive-in bays are available. The property is zoned C2 and boasts a prime location at the end of Highway 512, offering easy access to Joint Base Lewis-McChord (JBLM), Interstate 5, and Highway 512. High visibility is ensured by pylon signage on South Tacoma Way/Pacific Highway, a major thoroughfare with over 38,000 cars passing daily. The property is classified as Class C and has a total of four suites. The address is Perkins Lane and South Tacoma Way, Pierce County, within the Lakewood submarket. The Assessor's Parcel Number (APN) is 0219015018.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,880,000
      6.5%
      $2,415,000
      7%
      $2,720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,800,000
      Geo Method
      $2,960,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,120,000
      Retail
      $2,830,000
      Mixed-Use
      $2,430,000
      Hospitality
      $2,310,000
      Educational
      $2,755,000
      Residential Income
      $2,805,000
      Energy
      $2,630,000
      Income-Based Land
      $2,415,000
      Food Service
      $2,660,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.485
    Latitude
    47.1637
    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
    $38,611
    $1,835,300
    $1,587,300
    $3,422,600
    -
    $1,835,300
    $1,587,300
    $3,422,600

    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
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      40,372 SF retail building with redevelopment options.
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      Iconic bank building, high visibility, ample parking.
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      Flexible investment potential in a prime location with high traffic.
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    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.
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    • $19 SF/Yr
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      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
      8510-8534 S Tacoma Way, Lakewood, WA 98499
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    • $21 SF/Yr
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      Retail space with high visibility and convenient access.
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    • $17 SF/Yr
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      Retail Space on Custer Rd

      2,390 SF retail space in prime location for lease.
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    • $20 SF/Yr
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      Historic Retail Space in Lakewood

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      Retail Space in Lakewood, WA

      Retail space available for lease in Lakewood, WA.
      7304-7404 Lakewood Dr SW, Lakewood, WA 98499
      View Details
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    10310 Tacoma Way
    Lakewood, WA 98499
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    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
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