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Property profile & analytics
FOR LEASE
Warehouses
10111 S Tacoma Way, Lakewood, WA 98499
Individually Owned
~
Est. High Equity
Property ID
US90-1638864
For Lease
$1.15 SF/Yr
10111 S Tacoma Way, Lakewood, WA 98499
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,850 SF
Lot
1.53 ac (66,734 SF)
Zoning code
AC1
APN
319066011
UPID
US90-1638864
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
-
Dynamic Medical Systems Medical Supply Store
-
Eagle Ink Specialty Printing LLC (Bike/Boat/Book/etc) Store Printing Service
-
Terminix Garden Center
-
SRC Windows Inc. Hardware & Home Improvement Interior Design
-
Aftermath Services LLC Environmental Health Service Commercial Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.77M
Owner & transaction history
State Of Washington
State Of Washington
since 2025
7 recorded transactions
Zoning & alternative use
AC1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,420,000
Current use
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±10%
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
$131 / 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
$42,019
Tax year 2024
Assessed value
$3,722,500
Assessed 2024
Previous assessed
$3,722,500
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,015,500
Assessed improvement
$2,707,000
Land market value
$1,015,500
Improvement market value
$2,707,000
Total market value
$3,722,500
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
For Lease
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
28,850 SF
Lot
1.53 ac (66,734 SF)
Zoning code
AC1
APN
319066011
UPID
US90-1638864
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
AC1 · Lakewood, WA
Zoning AC1 · permitted uses
AC1 · 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
WAREHOUSE, STORAGE Current
Est. value
$4.4M
WAREHOUSE, STORAGE Current
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
8605 SANTA MONICA BLVD #45069, WEST HOLLYWOOD, CA 90069-4109
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2025
—
State Of Washington
Lakeswood Business Park LLC
Deed
—
Oct 5, 2022
—
S F Property LP
Mca Igf Lakewood LLC
Warranty Deed
—
Oct 5, 2022
$680,267
Lakewood Business Park LLC
Mca Igf Lakewood LLC
Warranty Deed
$14,000,000 · Tiaa Fsb Holdings INC
Sep 9, 2021
—
State Of Washington
Icbp IV Holdings 7 LLC
Lease
—
Dec 7, 2020
—
Mca Igf Lakewood LLC
Icbp IV Holdings 7 LLC
Grant Deed
$14,500,000 · Prime Fin Short Duration Hldgs
Jun 22, 2018
—
Icbp IV Holdings 7 LLC
—
Grant Deed
related
$8,840,000 · Miscellaneous Ins Co
Jul 7, 2017
—
Icbp IV Holdings 7 LLC
—
Grant Deed
related
$150,000,000 · Fifth Third Bk
May 16, 2017
$12,949,900
Icbp IV Holdings 7 LLC
Lakewood Busn Park Washington
Warranty Deed
—
Jan 29, 2015
—
Lakewood Business Park Washington L
Shurgard Storage Centers LLC
Warranty Deed
$7,266,000 · Opus Bank
Mar 2, 1994
—
Shurgard Storage Centers INC
Shurgard Income
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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