Property profile

10828 Gravelly Lake Dr SW Lakewood, WA 98499

FOR LEASE
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Property ID
US90-1122089
26,400 SF 1.37 ac Built 1972
Last sale Jan 2004·$2,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon
10828 Gravelly Lake Dr SW, Lakewood, WA 98499 For Lease
Contact for pricing 810 SF available
10828 Gravelly Lake Dr SW, Lakewood, WA 98499
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Property summary

AI-generated overview

The property is a professional office space within Clover Park Professional Square, a two-story, multi-tenant office building in Lakewood. The available second-floor suite contains approximately 400 square feet and is configured with one office and one restroom. The building includes accessibility features such as an ADA lift. The site has visibility from Gravelly Lake Drive and features on-site directory signage in a landscaped courtyard, with panel signage overhead along the walkways.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$38k
Tax billed · 2024
Assessed value$3.41M
Assessed land$1.32M
Assessed improvement$2.09M
Effective rate1.12%

Value estimate

· Nov 2026
$3.30M
$2.97M – $3.62M
Submarket $/SF estimate$2.40M
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$2k
Operating expenses−$4k
NOI · 50,991.11% cap applied$11k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$315/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$178 – $520
Qualifying comparables4

Cap rate analysis

How does the asset earn?
50,991.11%
$11k 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?
NC1
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 Facility10.7
Pawn Shop9.8
Law Firm9.6

Location

10828 Gravelly Lake Dr SW Lakewood, WA 98499
County assessor Recorded deeds · 7 transfers 4 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10209 Bridgeport SW, Lakewood, WA 98499-2320 $2,400,000 Jul 2025 15,000 SF
10025 Lakewood SW, Lakewood, WA 98499-3878 $2,625,000 Jul 2025 5,461 SF
9307 Bridgeport SW, Lakewood, WA 98499-1570 $1,150,000 Dec 2024 4,507 SF
5509 Arrowhead SW, Tacoma, WA 98499-3058 $2,800,000 Mar 2024 12,425 SF
3615 Steilacoom SW, Lakewood, WA 98499-4580 $4,000,000 Nov 2023 21,250 SF
7727 40th SW, Lakewood, WA 98499 $3,300,000 Jun 2022 7,980 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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