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Property profile & analytics
OFF-MARKET
Retail space
11138 Gravelly Lk SW Dr Lakewood, WA 98499-1349
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0864766
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
WOOD FRAME
Total area
2,173 SF
Lot
0.44 ac (19,200 SF)
Zoning code
NC1
APN
219023047
UPID
US90-0864766
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
-
Lakehaus Beer & Wine (Bike/Boat/Book/etc) Store Bar & Pub
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
Gld Land LLC · 3 yrs held
Gld Land LLC
since 2022
Last sale
$320,000
3 recorded transactions
Zoning & alternative use
NC1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Commercial 1 zoning district is intended to foster a sense of neighborhood identity and provide limited services within a neighborhood The district provides for a small scale mix of activities, including residential, retail, office, and local services, which serve the surrounding neighborhood
Zone name
Neighborhood Commercial 1
General category
COMMERCIAL
Zone area
19.41 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
$4,331
Tax year 2024
Assessed value
$395,000
Assessed 2024
Previous assessed
$395,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$369,000
Assessed improvement
$26,000
Land market value
$369,000
Improvement market value
$26,000
Total market value
$395,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,173 SF
Lot
0.44 ac (19,200 SF)
Zoning code
NC1
APN
219023047
UPID
US90-0864766
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1 · Lakewood, WAZoning NC1 · permitted uses
NC1 · 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 1 zoning district is intended to foster a sense of neighborhood identity and provide limited services within a neighborhood The district provides for a small scale mix of activities, including residential, retail, office, and local services, which serve the surrounding neighborhood
Zone name
Neighborhood Commercial 1
General category
COMMERCIAL
Zone area
19.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Gld Land LLC
Entity
Free & Clear · 3 yrs held
Mailing address
10013 59TH AVE SW, LAKEWOOD, WA 98499-2757
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
—
Gld Land LLC
David M Iverson
Quit Claim Deed
related
—
Sep 1, 2020
$320,000
Iverson,david M Trust
Jason A Edwards
Warranty Deed
—
Nov 6, 2015
—
Jason A Edwards
Thompson Helen J
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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