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Property profile & analytics
OFF-MARKET
Estimated value
$11,025,000
Commercial land
12611 Pacific SW Hwy Lakewood, WA 98499-1026
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1629501
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.71 ac (31,050 SF)
Zoning code
C1
APN
219113055
UPID
US90-1629501
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
-
SecureSpace Self Storage Lakewood Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.03M
Owner & transaction history
12611 Pacific Hwy Sw LLC · 4 yrs held
12611 Pacific Hwy Sw LLC
since 2021
Last sale
$11.0M
7 recorded transactions
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
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
$12,680,000
ML approach
$11,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.03M
Range $9.92M – $12.13M · ±10% · vs last sale $10.95M (Oct 19 2021)
Last sale anchor
$10.95M
Oct 19 2021
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
—
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
$11,496
Tax year 2024
Assessed value
$942,100
Assessed 2024
Previous assessed
$579,000
+62.7% YoY
Effective rate
1.22%
On assessed value
Assessed land
$942,100
Land market value
$942,100
Total market value
$942,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.71 ac (31,050 SF)
Zoning code
C1
APN
219113055
UPID
US90-1629501
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Lakewood, WAZoning C1 · permitted uses
C1 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · 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
Building & site characteristics
From public records
Heating
NONE
Lot
0.71 ac
Current owner
From public records · entity-resolved
12611 Pacific Hwy Sw LLC
Entity
Free & Clear · 4 yrs held
Mailing address
19191 S VERMONT AVE STE #680, TORRANCE, CA 90502-1140
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
—
12611 Pacific Hwy Sw LLC
—
Deed
related
—
Aug 16, 2024
—
12611 Pacific Hwy Sw LLC
—
Deed
related
—
Apr 13, 2022
—
12611 Pacific Hwy Sw LLC
—
Deed
related
—
Oct 19, 2021
$10,950,000
12611 Pacific Hwy Sw LLC
Se Pac Hwy Wa LLC
Bargain And Sale Deed
—
Apr 24, 2018
$6,954,000
Se Pac Hwy Wa LLC
Lakewood Mini-storage LLC
Grant Deed
related
—
Apr 20, 2018
$6,951,219
Se Pac Hwy Wa LLC
Lakewood Mini Storage L L C
Special Warranty Deed
$4,000,000 · East West Bank
Mar 31, 2017
—
Lakewood Mini-storage LLC
—
Deed
related
$2,450,000 · Miscellaneous Ins Co
Aug 19, 1996
—
Lakewood Mini-storage LLC
Lakewood Mini-storage
Quit Claim Deed
related
—
Aug 19, 1996
$1,615,814
Mini-storage General Lakewood
Lakewood Mini-storage Ltd
Quit Claim Deed
related
—
Feb 29, 1996
—
Lakewood Mini-storage Ltd
—
Deed Of Trust
related
$1,270,814 · Sterling Savings Association
—
—
Lakewood Mini-storage LLC
—
Deed Of Trust
related
$179,056 · Sterling Savings Association
—
—
Lakewood Mini-storage LLC
—
Deed Of Trust
related
$2,450,000 · Miscellaneous Ins Co
—
—
Lakewood Mini-storage LLC
—
Deed Of Trust
related
$1,850,000 · Rainier Pacific 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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