4928 115th St SW Ct Lakewood, WA 98499
This exceptional Lakewood, WA property, the Tyee Building (APN 2650000110), offers a versatile 1,200 square foot retail space, perfect for a variety of businesses. Located at 4928 115th St Ct SW, 98499, this single-tenant space is part of a larger 7,418 square foot, two-story building constructed in 1961 and extensively renovated in 2024. The building features a convenient mixed-use design, combining retail space on the ground floor with residential units above. This prime location boasts excellent visibility and accessibility, situated off Bridgeport Way, within walking distance of the Sound Train Station, and minutes from I-5, McChord Air Base, and the Lakewood retail center. The space includes front and back entrances, providing convenient access for customers and ample parking is available both in front and behind the building, with a total of 22 spaces. The property sits on a 0.51-acre lot. This Class C building is ready for immediate occupancy. The lease rate is competitively priced at $10 per square foot annually, plus a $150 monthly utility fee, resulting in a total annual lease rate of $13,800. The building does not have elevators.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TOC · Lakewood, WALakewood. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.