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Property profile & analytics
FOR SALE
Commercial land

12134 Pacific Hwy SW Lakewood, WA 98499

0.14 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US90-1796928
No photos on file
For Sale
$1,097,000
12134 Pacific Hwy SW, Lakewood, WA 98499
View Listing →
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied three-unit retail strip located at 12134 Pacific Highway SW in Lakewood, WA. The property boasts high visibility and significant traffic due to its prime location on the bustling Pacific Highway. Currently anchored by two established restaurants and a smoke shop, this property offers immediate cash flow and strong tenant occupancy. Each unit operates under a triple-net lease (NNN), meaning tenants are responsible for all operating expenses, minimizing landlord responsibilities and maximizing return on investment. The leases are structured for five years with a favorable 3% annual rent increase, providing predictable and growing income. Ample parking is available, further enhancing the property's appeal to both tenants and customers. The sale includes two tax parcels, offering additional flexibility and potential for future development. The property is situated in a growing area, promising continued appreciation and strong long-term investment potential. This is an ideal acquisition for investors seeking a stable, high-yield commercial property with significant upside. The property's current configuration and strong tenant base provide a solid foundation for future growth and profitability. Please note: Discretion is advised

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.14 ac (6,000 SF)
Zoning code C1
APN 219114192
UPID US90-1796928
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
  • La Chele Salvadorean Restaurant Pupuseria Restaurant
  • RockItCoin Bitcoin ATM Crypto Atm
  • Puyallup smoke shop (Bike/Boat/Book/etc) Store
  • Pizza Pizazz Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$940k
Owner & transaction history
Royal Real Estate Company · 4 yrs held
Royal Real Estate Company
since 2022
Last sale
$925,000
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
$925,000
2019
Price N/A
2003
$650,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks

Zone name Commercial 1
General category COMMERCIAL
Zone area 90.09 ac
Source Realmo
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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