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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Retail space
4846 Washington St, Lakewood, WA 98409-2807
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3172757
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,742 SF
Lot
0.13 ac (5,500 SF)
Zoning code
CIX
APN
5160000570
UPID
US90-3172757
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
City Of Destiny Prop Mgmt LLC · 2 yrs held
City Of Destiny Prop Mgmt LLC
since 2024
Last sale
$775,000
7 recorded transactions
Zoning & alternative use
CIX · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+104.2%
Auto repair, garage
$1.1M
+88.8%
Commercial (general)
$730,000
+28.5%
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
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$510,000
7%
$470,000
Alternative Use
Use
Estimation
RETAIL STORES
$570,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,165,000
Change: +104% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,075,000
Change: +89% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: +28% · Conversion: Easy
WAREHOUSE, STORAGE
$720,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Jul 5 2024)
Last sale anchor
$775k
Jul 5 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
$283 / 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
$3,964
Tax year 2024
Assessed value
$355,900
Assessed 2024
Previous assessed
$355,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$207,700
Assessed improvement
$148,200
Land market value
$207,700
Improvement market value
$148,200
Total market value
$355,900
Applied tax rate
5.0000
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,742 SF
Lot
0.13 ac (5,500 SF)
Zoning code
CIX
APN
5160000570
UPID
US90-3172757
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CIX · Lakewood, WA
Zoning CIX · permitted uses
CIX · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$720,000
MEDICAL BUILDING
Est. value
$670,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
City Of Destiny Prop Mgmt LLC
Entity
Mailing address
415 S DIVISION LN SW, TACOMA, WA 98418-6835
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
$775,000
City Of Destiny Prop Mgmt LLC
Wiggins Tacoma Property LLC
Warranty Deed
$575,000 · Wiggins Tacoma Property LLC
Feb 8, 2011
$220,000
Wiggins Tacoma Property LLC
Fairway Fund IV LLC
Grant Deed
$176,000 · Fairway Fund IV LLC
Nov 12, 2009
$392,640
Fairway Fund IV LLC
Haberthur Phillip J
Trustees Deed
related
—
Nov 26, 2001
$174,510
Michael L Johnson
Eads,wallace R & Mary A
Grant Deed
—
Nov 26, 2001
—
Michael L Johnson
Johnson,suzanne M
Quit Claim Deed
related
$185,000 · Sound Banking Co
—
—
Wiggins Tacoma Property LLC
—
Deed Of Trust
related
$250,000 · Heritage Bank
—
—
Michael L Johnson
—
Deed Of Trust
related
$300,000 · Fairway Commercial Mortgage
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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