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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Strip malls
5003 Tacoma Mall Blvd Lakewood, WA 98409-7120
Entity Owned
~
Est. High Equity
Property ID
US90-0723164
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Construction
WOOD FRAME
Total area
14,976 SF
Lot
0.69 ac (29,886 SF)
Zoning code
C2
APN
2320000512
UPID
US90-0723164
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.44M
Owner & transaction history
Kohola Tmb LLC
Kohola Tmb LLC
since 2026
5 recorded transactions
Zoning & alternative use
C2 · 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 2
General category
COMMERCIAL
Zone area
295.24 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10%
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
$96 / 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
$36,362
Tax year 2024
Assessed value
$3,272,800
Assessed 2024
Previous assessed
$3,272,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$891,700
Assessed improvement
$2,381,100
Land market value
$891,700
Improvement market value
$2,381,100
Total market value
$3,272,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1991
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
5
Total area
14,976 SF
Lot
0.69 ac (29,886 SF)
Zoning code
C2
APN
2320000512
UPID
US90-0723164
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Lakewood, WAZoning C2 · permitted uses
C2 · 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 2
General category
COMMERCIAL
Zone area
295.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1991
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
5
Lot
0.69 ac
Current owner
From public records · entity-resolved
Kohola Tmb LLC
Entity
Mailing address
PO BOX 98922, LAKEWOOD, WA 98496-8922
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2026
$3,650,000
Kohola Tmb LLC
Emerald Estates INC
Warranty Deed
$2,700,000 · Coastal Community Bank
Oct 4, 2016
—
Emerald Estates INC
—
Deed
related
$925,000 · Miscellaneous Ins Co
Feb 22, 1994
$1,875
Emerald Estates INC
First American B
Grant Deed
$1,345,000 · Seller
Apr 25, 1990
$340,000
1st American Bldg Limited Ptnsp
Unknown
Grant Deed
—
—
—
Emerald Estates INC
—
Deed Of Trust
related
$925,000 · Miscellaneous Ins Co
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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