Financial
Distress signals
Property profile

10601 Gravelly Lake Dr SW Tacoma, WA 98499

FOR SALE
Retail space
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Property ID
US90-1686499
504 SF 0.31 ac lot Built 1951
Last sale Sep 2025 · $525,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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

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?
$4k
Tax billed · 2024
Assessed value$377k
Assessed land$279k
Assessed improvement$98k
Effective rate1.18%

Value estimate

· Sep 2026
$150k
$135k – $165k
AI approach$150k
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$2k
Operating expenses−$14k
NOI · 6.03% cap applied$34k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$250/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$148 – $384

Cap rate analysis

How does the asset earn?
6.03%
$34k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
CBD
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility10.9
Parking Facility10.5
Pawn Shop9.9

Location

10601 Gravelly Lake Dr SW Tacoma, WA 98499
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

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

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4848 Pacific SW, Lakewood, WA 98499 $500,000 Sep 2024 1,116 SF
11919 Pacific SW, Tacoma, WA 98499-5180 $2,400,000 Jul 2024 1,653 SF
7718 Bridgeport W, Lakewood, WA 98499-8380 $2,620,000 May 2024 1,708 SF
11202 Steele S, Lakewood, WA 98499-8897 $1,025,000 Feb 2024 1,880 SF
4702 Pacific SW, Lakewood, WA 98499 $500,000 Jul 2023 975 SF
8533 Tacoma, Lakewood, WA 98499-4540 $1,100,000 Feb 2023 1,593 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?”
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