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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Grocery and convenience stores
10302 Tacoma Way Lakewood, WA 98499-4647
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-0822823
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1985
Construction
STEEL FRAME
Total area
2,200 SF
Lot
0.54 ac (23,674 SF)
Zoning code
C2
APN
219011041
UPID
US90-0822823
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$600k
Owner & transaction history
7-eleven INC · 14 yrs held
7-eleven INC
since 2011
6 recorded transactions
Zoning & alternative use
C2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks
Zone name
Commercial 2
General category
COMMERCIAL
Zone area
295.24 ac
Source
Realmo
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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$273 / 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
$20,663
Tax year 2024
Assessed value
$1,858,200
Assessed 2024
Previous assessed
$1,858,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,067,000
Assessed improvement
$791,200
Land market value
$1,067,000
Improvement market value
$791,200
Total market value
$1,858,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
2,200 SF
Lot
0.54 ac (23,674 SF)
Zoning code
C2
APN
219011041
UPID
US90-0822823
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Lakewood, WAZoning C2 · permitted uses
C2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks
Zone name
Commercial 2
General category
COMMERCIAL
Zone area
295.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
7-eleven INC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 711, DALLAS, TX 75221-0711
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2018
—
Robert Pelton
—
Deed
related
$254,944 · Caliber Hm Loans
Nov 3, 2011
$35,000
7-eleven INC
Convenience Retailers LLC
Grant Deed
—
Feb 4, 2008
—
Convenience Retailers LLC
Kayo Oil
Warranty Deed
—
Dec 30, 2003
—
Tosco Corp
Conocophillips Co
Grant Deed
related
—
May 1, 1989
$692,125
Bp Oil Co
Unknown
Grant Deed
—
—
—
Robert Pelton
—
Deed Of Trust
related
$254,944 · Caliber Hm Loans
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.
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