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    Property profile & analytics

    5037 Tacoma Mall Blvd Lakewood, WA 98409

    • Strip malls
    • 7,500 SF
    • 2.57 lot acres
    OFF-MARKET
    Value Estimation
    $13,145,000
    Last Sale
    Jan 03, 2024
    $13,422,950
    Location Intelligence
    Property ID
    US90-1008252
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 5037 Tacoma Mall Blvd

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.57 lot acres
    Property size
    7,500 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    2320000561
    APU
    2320000561

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $13,425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,265,000
      6.5%
      $11,940,000
      7%
      $12,960,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $12,015,000
      Geo Method
      $11,375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,335,000
      Retail
      $10,725,000
      Mixed-Use
      $12,150,000
      Hospitality
      $14,600,000
      Educational
      $11,960,000
      Residential Income
      $12,190,000
      Energy
      $11,365,000
      Income-Based Land
      $14,530,000
      Food Service
      $14,750,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.463
    Latitude
    47.2108
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $90,149
    $3,351,800
    $4,763,600
    $8,115,400
    -
    $3,351,800
    $4,763,600
    $8,115,400

    Comparable in this City

    • Value Estimation by Request
      27,528 SF

      2221 Tacoma Mall Blvd

      SHOPPING CENTER, STRIP CENTER • 27,528 SF
      2221 Tacoma Mall Blvd, Tacoma, WA 98409
      View Details
    • Value Estimation by Request
      14,404 SF

      2330 37th St

      SHOPPING CENTER, STRIP CENTER • 14,404 SF
      2330 37th St, Lakewood, WA 98409-7437
      View Details
    • Value Estimation by Request
      8,680 SF

      2602 38th St

      SHOPPING CENTER, STRIP CENTER • 8,680 SF
      2602 38th St, Tacoma, WA 98409-7303
      View Details
    • Value Estimation by Request
      25,092 SF

      3121 38th St

      SHOPPING CENTER, STRIP CENTER • 25,092 SF
      3121 38th St, Lakewood, WA 98409-5611
      View Details
    • Value Estimation by Request
      6,737 SF

      4201 Steele St

      SHOPPING CENTER, STRIP CENTER • 6,737 SF
      4201 Steele St, Lakewood, WA 98409-7467
      View Details
    • Value Estimation by Request
      4,662 SF

      3602 Ctr St

      SHOPPING CENTER, STRIP CENTER • 4,662 SF
      3602 Ctr St, Lakewood, WA 98409-3143
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,960 SF

      South Tacoma Way Retail Warehouse

      Freestanding retail warehouse with I-502 zoning and high visibility.
      3201 South Tacoma Way, Tacoma, WA 98409
      View Details
    • $2,664,650

      Retail Property on Tacoma Way

      Retail property for sale on South Tacoma Way.
      3505 S Tacoma Way, Tacoma, WA 98409
      View Details
    • $3,575,000
      22,291 SF

      Established Tacoma Office Asset

      Well-located office building with high visibility and strong tenancy.
      3906 74Th St, Tacoma, WA 98409
      View Details
    • $1,200,000
      1,896 SF

      Restaurant/Retail Property in Tacoma, WA

      Restaurant/Retail property available for sale in Tacoma, WA.
      3101 S 38Th St, Tacoma, WA 98409
      View Details
    • $5,950,000

      Mixed-Use Building in Tacoma, WA

      3,126-19,133 SF available in Tacoma's Urban Center Mixed-Use Zone.
      3802 Cedar St, Tacoma, WA 98409
      View Details
    • $1,660,800
      5,536 SF

      Adaptable Commercial Space For Sale

      Commercial property suitable for retail, showroom, or light industrial use.
      4820 Washington St, Tacoma, WA 98409
      View Details

    Similar Nearby for Lease

    • $50 SF/Yr
      2,561 SF

      Retail Space Near Highway 16

      Retail space with high visibility and easy highway access.
      4702-4720 Center St, Tacoma, WA 98409
      View Details
    • $24 SF/Yr
      2,268 SF

      Retail Space Near Tacoma Mall

      Retail space with high visibility and multiple access points.
      3801-3825 S Steele St, Tacoma, WA 98409
      View Details
    • $16 SF/Yr
      42,384 SF

      Retail Space Near Tacoma Mall

      High-traffic retail space near Tacoma Mall with strong business presence.
      4104-4124 Tacoma Mall Blvd, Tacoma, WA 98409
      View Details
    • $20 SF/Yr
      16,500 SF

      Restaurant Space Near Tacoma Mall

      Second generation restaurant space with hood in Evergreen Plaza.
      5015-5221 Tacoma Mall Blvd, Tacoma, WA 98409
      View Details
    • $18 SF/Yr
      1,400 SF

      Retail Space in Olympic South

      Retail space with open floor plan and excellent signage.
      5825 Tacoma Mall Blvd, Tacoma, WA 98409
      View Details
    • $28 SF/Yr
      2,566 SF

      Tacoma Retail/Flex Space Available

      Retail/Flex space available for lease in Tacoma, Washington.
      3630-3680 S Cedar St, Tacoma, WA 98409
      View Details
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    Lakewood, WA 98409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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