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Property profile & analytics
FOR LEASE
Retail space
10310 S Tacoma Way, Lakewood, WA 98499
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1158943
For Lease
1 / 15
$18 SF/Yr
10310 S Tacoma Way, Lakewood, WA 98499
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,835 SF
Lot
1.5 ac (65,514 SF)
Zoning code
C2
APN
219015018
UPID
US90-1158943
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
-
Adorned Bridal & Formal Boutique Clothing & Fashion Store
-
Salon Services Pro - Lakewood (Bike/Boat/Book/etc) Store Cosmetic Store
-
Flix Furnace Repair HVAC Service General Contractor
-
The Captain Crab Restaurant
-
Shaniko Design Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.44M
CAP Approach
CAP
$2.51M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.55M
Owner & transaction history
Holden Partners LLC · 1 yrs held
Holden Partners LLC
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
C2 · 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
$2,310,000
ML approach
$2,440,000
CAP Approach
CAP Return
Estimation
6%
$2,720,000
6.5%
$2,510,000
7%
$2,335,000
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $2.60M (Mar 14 2025)
Last sale anchor
$2.60M
Mar 14 2025
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
$135 / 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
$38,611
Tax year 2024
Assessed value
$3,422,600
Assessed 2024
Previous assessed
$3,422,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,835,300
Assessed improvement
$1,587,300
Land market value
$1,835,300
Improvement market value
$1,587,300
Total market value
$3,422,600
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
For Lease
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
1
Total area
18,835 SF
Lot
1.5 ac (65,514 SF)
Zoning code
C2
APN
219015018
UPID
US90-1158943
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Lakewood, WA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Holden Partners LLC
Entity
Mailing address
9500 FRNT ST S STE #200, LAKEWOOD, WA 98499-9415
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
—
Holden Partners LLC
—
Deed
related
$1,500,000 · Umpqua Bank
Mar 14, 2025
$2,600,000
Holden Partners LLC
Timothy J Weber
Warranty Deed
—
Mar 7, 2025
—
Holden Partners LLC
David S Durr
Quitclaim Deed
related
—
Dec 12, 2024
—
Ralph E Barber
D&b Retail Development LLC
Quitclaim Deed
related
—
Feb 2, 2022
—
Timothy J Weber
Timothy J Weber
Intrafamily Transfer
related
—
Oct 31, 2006
$2,350,000
David S Durr
T B J Properties LLC
Warranty Deed
$2,392,545 · Columbia State Bank
Aug 22, 2001
$1,500,000
Tbj Properties LLC
Perkins Lane
Grant Deed
$1,520,000 · Bank Of America
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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