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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Grocery and convenience stores
12706 Bridgeport SW Way, Lakewood, WA 98499-3338
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0011951
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1996
Construction
WOOD FRAME
Total area
2,928 SF
Lot
1.03 ac (44,867 SF)
Zoning code
NC2
APN
219123057
UPID
US90-0011951
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
-
Chevron / Five Star Deli Grocery & Convenience Store
-
FM Cleaners (Bike/Boat/Book/etc) Store
-
Amazon Locker - Alemanno Courier Service Postal Service
-
ATM (Mac's Deli-Mart) Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$3.50M
Owner & transaction history
The Five Investment LLC · 2 yrs held
The Five Investment LLC
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
NC2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Feb 14 2024)
Last sale anchor
$3.50M
Feb 14 2024
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
$1,195 / 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
$15,218
Tax year 2024
Assessed value
$1,328,700
Assessed 2024
Previous assessed
$1,328,700
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$882,800
Assessed improvement
$445,900
Land market value
$882,800
Improvement market value
$445,900
Total market value
$1,328,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
4
Stories
1
Bathrooms
1
Total area
2,928 SF
Lot
1.03 ac (44,867 SF)
Zoning code
NC2
APN
219123057
UPID
US90-0011951
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2 · Lakewood, WA
Zoning NC2 · permitted uses
NC2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Buildings
4
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
The Five Investment LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
The Five Investment LLC
—
Deed
related
—
Feb 14, 2024
$3,500,000
The Five Investment LLC
Bbc Oil LLC
Warranty Deed
$4,122,500 · Bbcn Bank
Feb 9, 2021
—
Bbc Oil LLC
Hotel Development INC
Warranty Deed
$3,224,000 · Bbcn Bank
Sep 25, 2017
$2,620,000
Hotel Dev INC
Simon Services INC
Warranty Deed
—
Oct 6, 2006
$2,970,000
Simon Services INC
Park & Chon
Warranty Deed
$1,980,000 · Saehan Bank
Aug 16, 2004
$1,700,000
Park
Lim,do H & Hyo S
Deed Of Trust
related
$1,668,000 · Wilshire State Bank
Feb 5, 1999
$1,500,000
Do H Lim
Baek,peter S & Jame K
Grant Deed
$1,750,000 · Amresco Independence Funding
Oct 1, 1990
$220,200
Peter S Baek
Unknown
Grant Deed
—
—
—
Peter S Baek
—
Deed Of Trust
related
$26,620 · City Bank
—
—
Park Ptshp
—
Deed Of Trust
related
$90,000 · Re Powell Distributing Co
—
—
Peter S Baek
—
Deed Of Trust
related
$1,190,000 · City Bank
—
—
Do H Lim
—
Deed Of Trust
related
$108,000 · Olympia Fuel & Asphalt INC
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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