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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Retail space
11626 Pacific SW Hwy 11634 Lakewood, WA 98499-5175
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0751871
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Construction
WOOD FRAME
Total area
7,071 SF
Lot
0.6 ac (26,100 SF)
Zoning code
TOC
APN
219122045
UPID
US90-0751871
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
-
Twins Tire Shop (Bike/Boat/Book/etc) Store Auto Parts Store
-
Coronas tires Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.00M
Owner & transaction history
Soo Pyo Hong · 4 yrs held
Soo Pyo Hong
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
TOC · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Transit Oriented Commercial zoning district is an interactive mixture of uses which focus on regional transportation networks while providing for urban design, people orientation, and connectivity between uses and transportation routes
Zone name
Transit Oriented Commercial
General category
COMMERCIAL
Zone area
148.56 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
Method
Estimation
Statistic approach
$1,045,000
ML approach
$1,165,000
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$945,000
7%
$875,000
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Jan 3 2022)
Last sale anchor
$1.00M
Jan 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
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
$13,297
Tax year 2024
Assessed value
$1,203,800
Assessed 2024
Previous assessed
$1,203,800
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$588,000
Assessed improvement
$615,800
Land market value
$588,000
Improvement market value
$615,800
Total market value
$1,203,800
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
1951
Construction
WOOD FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
7,071 SF
Lot
0.6 ac (26,100 SF)
Zoning code
TOC
APN
219122045
UPID
US90-0751871
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
TOC · Lakewood, WAZoning TOC · permitted uses
TOC · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Transit Oriented Commercial zoning district is an interactive mixture of uses which focus on regional transportation networks while providing for urban design, people orientation, and connectivity between uses and transportation routes
Zone name
Transit Oriented Commercial
General category
COMMERCIAL
Zone area
148.56 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1951
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Soo Pyo Hong
Individual
Mailing address
4433 S 275TH PL, AUBURN, WA 98001-2001
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
$1,000,000
Soo Pyo Hong
Wook Kim Joo
Warranty Deed
$880,000 · American Continental Bank
Jun 4, 2004
—
Joo W Kim
United States Of America
Grant Deed
$568,621 · Pacific International Bank
Oct 21, 1999
—
Pong K Rhee
—
Deed Of Trust
related
$2,940,000 · Heritage Savings Bank Fsb
Jun 20, 1991
$270,000
Pong Keun Rhee
Chong,song H
Grant Deed
$150,000 · Lee Chun H
Dec 27, 1990
$270,000
Song Chong
Schmalz,mary
Grant Deed
$160,000 · Schmalz Mary
—
—
Joo W Kim
—
Deed Of Trust
related
$493,000 · Bbcn Bk
—
—
Pong K Phee
—
Deed Of Trust
related
$700,000 · Washington First Int'l Bank
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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