Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,585,000
Retail space
10117 Tacoma Way Lakewood, WA 98499-4614
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0332303
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,586 SF
Lot
2.98 ac (129,591 SF)
Zoning code
AC1
APN
319062077
UPID
US90-0332303
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
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.14M
Blend (final)
Blend
$8.59M
Owner & transaction history
Gac Management LP · 4 yrs held
Gac Management LP
since 2021
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
AC1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Air Corridor 1 zoning districts is to promote land use and development that is compatible with the aircraft noise and accident potential associated with the proximity to Joint Base Lewis McChord aircraft flight operations
Zone name
Air Corridor 1
General category
UNKNOWN
Zone area
339.29 ac
Source
Realmo
Top alternative use upside
Restaurant
$8.6M
+84.3%
Neighborhood: shopping center
$7.9M
+70.5%
Industrial (general)
$7.8M
+68.9%
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
$9,550,000
ML approach
$9,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,560,000
Change: +84% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,920,000
Change: +70% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,845,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,240,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,855,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,845,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$8.59M
Range $7.73M – $9.44M · ±10% · vs last sale $8.25M (Nov 23 2021)
Last sale anchor
$8.25M
Nov 23 2021
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
$462 / 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
$119,658
Tax year 2024
Assessed value
$11,086,100
Assessed 2024
Previous assessed
$11,086,100
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$4,141,300
Assessed improvement
$6,944,800
Land market value
$4,141,300
Improvement market value
$6,944,800
Total market value
$11,086,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
18,586 SF
Lot
2.98 ac (129,591 SF)
Zoning code
AC1
APN
319062077
UPID
US90-0332303
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
AC1 · Lakewood, WAZoning AC1 · permitted uses
AC1 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Air Corridor 1 zoning districts is to promote land use and development that is compatible with the aircraft noise and accident potential associated with the proximity to Joint Base Lewis McChord aircraft flight operations
Zone name
Air Corridor 1
General category
UNKNOWN
Zone area
339.29 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.98 ac
Current owner
From public records · entity-resolved
Gac Management LP
Entity
Mailing address
8012 S TACOMA WAY STE #28, LAKEWOOD, WA 98499-4594
Ownership since
2021
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
Mar 2, 2022
—
Grad Central Properties Tacoma LLC
—
Deed
related
—
Nov 23, 2021
$8,250,000
Gac Management LP
Grand Central Properties Tacoma LLC
Warranty Deed
$4,140,000 · Symetra Life Insurance Co
May 12, 2020
—
Grand Ctrl Prop Tacoma LLC
—
Deed
related
$800,000,000 · Ankura Tr Co LLC
Mar 25, 2020
—
Grand Ctrl Prop Tacoma LLC
—
Deed
related
$800,000 · Ankura Tr Co LLC
Jun 28, 2019
—
Grand Ctrl Prop Tacoma LLC
—
Deed
related
$59,000,000 · Ankura Tr Co LLC
Feb 13, 2007
—
Grand Central Props Tacoma LLC
—
Deed Of Trust
related
$550,000,000 · Toronto Dominion Bank
—
—
Grand Ctrl Prop Tacoma LLC
—
Deed Of Trust
related
$59,000,000 · Ankura Tr Co LLC
—
—
Grand Ctrl Prop Tacoma LLC
—
Loan Modification
related
$800,000,000 · Ankura Tr Co LLC
—
—
Grand Ctrl Prop Tacoma LLC
—
Loan Modification
related
$800,000 · Ankura Tr Co LLC
—
—
Grand Central Properties Tacom
—
Deed Of Trust
related
$550,000 · Hsbc Bank USA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10117 Tacoma Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
