You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,845,000
Warehouses

3423 Chapel S St Lakewood, WA 98499-8884

10,520 SF 0.71 ac lot Built 1991
Individually Owned 1-yr Hold Free & Clear
Property ID
US90-1023672
Property summary
AI-generated overview

This exceptional 11,864-square-foot warehouse, located at 3423 Chapel St S in Lakewood, Washington, presents a significant opportunity for businesses seeking ample space and immediate occupancy. The property is a single-tenant building, offering complete control and privacy. The warehouse boasts a two-story design, providing versatile storage and operational capabilities. High ceilings, measuring 18 feet, accommodate various equipment and inventory needs. Two loading docks ensure efficient loading and unloading processes, streamlining operations. The property is equipped with robust 200-amp, three-phase power, supporting demanding industrial applications. Situated in Pierce County, with a 98499 zip code, this warehouse offers convenient access to major transportation routes and a strategic location within the thriving Lakewood market. The entire 11,864 square feet is currently vacant, making it ready for immediate use and customization to meet specific business requirements. This is an ideal space for businesses requiring significant storage, manufacturing, or distribution capabilities. The property's features and location combine to offer a compelling opportunity for growth and efficiency.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1991
Construction STEEL FRAME
Total area 10,520 SF
Lot 0.71 ac (30,768 SF)
Zoning code CZ
APN 319067004
UPID US90-1023672
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
  • Open Door Vineyard Christian Vineyard
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.98M
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$1.85M
Owner & transaction history
State Of Washington · 1 yrs held
State Of Washington
since 2025
4 recorded transactions
2025
Price N/A
2012
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CZ · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of clear zone zoning districts is to promote land use and development that is compatible with the aircraft noise and accident potential associated with the proximity to Joint Base Lewis McChord aircraft flight operations

Zone name Clear Zone
General category UNKNOWN
Zone area 57.93 ac
Source Realmo
Top alternative use upside
Medical building $2.9M +79.2%
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?”
You own 3423 Chapel S St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message