Financial
Distress signals
Property profile

10518 Pacific Hwy SW Lakewood, WA 98499

FOR LEASE
Strip malls
Property ID
US90-1936983
8,184 SF 1.64 ac lot Built 1989
Last sale Oct 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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10518 Pacific Hwy SW, Lakewood, WA 98499 For Lease
Contact for pricing 1,364 SF available
10518 Pacific Hwy SW, Lakewood, WA 98499
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Property summary

AI-generated overview

This property is a retail unit within the Mazatlan S. Tacoma Way Center strip mall, totaling 1,364 square feet. The shopping center has street exposure, provides ample parking, and includes multiple access points. The strip mall had exterior/interior painting completed as a recent update. The center is located near the I-5/SR-512 interchange and sits along South Tacoma Way/Pacific Hwy, an area characterized by a concentration of commercial businesses and transit stops that serve nearby residential neighborhoods.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$31k
Tax billed · 2024
Assessed value$2.85M
Assessed land$2.50M
Assessed improvement$350k
Effective rate1.09%

Value estimate

· Sep 2026
$805k
$725k – $886k
Submarket $/SF estimate$728k
NOI build-up
Gross scheduled income$20k
Vacancy & credit loss−$3k
Operating expenses−$5k
NOI · 53,745.45% cap applied$12k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$426/SF
County average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$204 – $702

Cap rate analysis

How does the asset earn?
53,745.45%
$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.5
Dry Cleaner8.6
Gym & Fitness8.2

Location

10518 Pacific Hwy SW Lakewood, WA 98499
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 17 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10102 Bridgeport SW, Tacoma, WA 98499-2302 $2,820,000 May 2025 8,512 SF
5211 100th SW, Lakewood, WA 98499-3814 $1,525,000 Aug 2023 3,968 SF
8718 Tacoma, Lakewood, WA 98499-4597 $1,730,000 May 2021 13,355 SF
9312 Tacoma, Tacoma, WA 98499-4403 $3,280,000 Dec 2020 15,000 SF
2302 84th S, Lakewood, WA 98499 $5,900,000 Dec 2018 50,118 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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