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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
10801 Bridgeport SW Way Lakewood, WA 98499-3509
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0411726
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1961
Construction
WOOD FRAME
Total area
3,146 SF
Lot
0.62 ac (26,896 SF)
Zoning code
NC2
APN
5080000031
UPID
US90-0411726
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
-
Chevron Super Deli Food Market Restaurant
-
Morena's Mexican Food Truck Restaurant
-
Food Mart Grocery & Convenience Store
-
BIENVENIDOS AMIGOS FOOD TRUCK Restaurant
-
Bridgeport Chevron Auto Repair Shop
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
Tae Y Chung · 8 yrs held
Tae Y Chung
since 2018
7 recorded transactions
Zoning & alternative use
NC2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Commercial 2 zoning district is intended to foster a sense of urban community in Lakewood The district provides for a concentrated mix of activities, including residential, retail, office, and local services, which may serve the surrounding neighborhood or may serve more than one neighborhood and attract people from other areas
Zone name
Neighborhood Commercial 2
General category
COMMERCIAL
Zone area
268.38 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,814
Tax year 2024
Assessed value
$1,196,600
Assessed 2024
Previous assessed
$1,196,600
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$815,700
Assessed improvement
$380,900
Land market value
$815,700
Improvement market value
$380,900
Total market value
$1,196,600
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1961
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
3,146 SF
Lot
0.62 ac (26,896 SF)
Zoning code
NC2
APN
5080000031
UPID
US90-0411726
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2 · Lakewood, WAZoning NC2 · permitted uses
NC2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Commercial 2 zoning district is intended to foster a sense of urban community in Lakewood The district provides for a concentrated mix of activities, including residential, retail, office, and local services, which may serve the surrounding neighborhood or may serve more than one neighborhood and attract people from other areas
Zone name
Neighborhood Commercial 2
General category
COMMERCIAL
Zone area
268.38 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1961
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Tae Y Chung
Individual
Mailing address
10801 BRIDGEPORT WAY SW, LAKEWOOD, WA 98499-3509
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2018
—
Hanim Property LLC
—
Deed
related
$1,544,000 · Unibank
Jun 28, 2018
$2,750,000
Tae Y Chung
D & M 2006 INC
Warranty Deed
$1,544,000 · Unibank
May 27, 2016
—
D & M 2006 INC
—
Deed
related
$298,000 · Unibank
Sep 11, 2006
$1,200,000
D & M 2006 INC
Vision 2000 INC
Warranty Deed
—
Mar 31, 2004
$582,000
Vision 2000 INC
Elgergawe,samy S & Samia E
Warranty Deed
$595,000 · Wilshire State Bank
May 1, 1989
$532,438
Bp Oil Co
Unknown
Grant Deed
—
—
—
D & M 2006 INC
—
Deed Of Trust
related
$1,612,000 · Unibank
—
—
Samy S Elgergawe
—
Deed Of Trust
related
—
—
—
D & M 2006 INC
—
Deed Of Trust
related
$298,000 · Unibank
—
—
Hanim Property LLC
—
Loan Modification
related
$1,544,000 · Unibank
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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