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Property profile & analytics
FOR SALE
Retail space

10601 Gravelly Lake Dr SW Tacoma, WA 98499

504 SF 0.31 ac lot Built 1951
Individually Owned ~ Est. High Equity
Property ID
US90-1686499
No photos on file
For Sale
$559,000 504 SF
10601 Gravelly Lake Dr SW, Tacoma, WA 98499
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Property summary
AI-generated overview

This exceptional investment opportunity presents a prime commercial property situated on a 0.26-acre corner lot at 10601 Gravelly Lake Dr SW in Lakewood, WA. The property boasts a combined building square footage exceeding 2800 square feet, comprised of a main building (2378 sq ft), a separate salon (580 sq ft), and a sizable storage/converted garage space. Its strategic location within the Central Business District ensures high visibility and significant foot traffic, making it ideal for a variety of commercial ventures. The property benefits from its position amidst established businesses and a thriving residential area, promising consistent growth and strong rental potential. The versatile layout allows for diverse uses, catering to a wide range of business needs. This is a rare chance to acquire a well-positioned commercial property in a rapidly developing area of Lakewood, offering significant return on investment. The property's size, location, and flexible space make it an attractive prospect for both established businesses seeking expansion and entrepreneurs looking to establish a new venture. Don't miss this opportunity to own a piece of Lakewood's vibrant commercial landscape. The asking price is $750,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Construction WOOD FRAME
Total area 504 SF
Lot 0.31 ac (13,440 SF)
Zoning code CBD
APN 8860000070
UPID US90-1686499
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
James Vernon Williams & Susie Marie
James Vernon Williams & Susie Marie
since 2025
Last sale
$152,000
4 recorded transactions
2025
$525,000
2024
Price N/A
1992
$152,000
1969
Price N/A
Zoning & alternative use
CBD · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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