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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5115 100Th St SW Lakewood, WA 98499

    • Outlet malls
    • 139,097 SF
    • 14.88 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0888757
    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

    • ATM / Atm

    Property Details for 5115 100Th St SW

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    14.88 lot acres
    Property size
    139,097 SF
    Zone code
    CBD
    Property type
    Outlet malls
    APN
    219021039
    APU
    219021039

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $20,095,000
      6.5%
      $18,550,000
      7%
      $17,225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $17,383,000
      Market price range: $9.02M - $35.0M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.505
    Latitude
    47.1676
    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
    $250,138
    $10,234,100
    $10,639,500
    $20,873,600
    -
    $10,234,100
    $10,639,500
    $20,873,600

    Comparable in this City

    • Value Estimation
      $12,360,000
      62,166 SF

      6111 Lakewood Towne Ctr Blvd Sw Ste A

      WHOLESALE OUTLET, DISCOUNT STORE • 62,166 SF
      6111 Lakewood Towne Ctr Blvd Sw Ste A, Tacoma, WA 98499-6517
      View Details
    • Value Estimation
      $5,725,000
      28,702 SF

      6010 Main SW St

      WHOLESALE OUTLET, DISCOUNT STORE • 28,702 SF
      6010 Main SW St, Lakewood, WA 98499-5012
      View Details
    • Value Estimation
      $14,705,000
      122,520 SF

      11400 Bridgeport SW Way

      WHOLESALE OUTLET, DISCOUNT STORE • 122,520 SF
      11400 Bridgeport SW Way, Lakewood, WA 98499
      View Details
    • Value Estimation
      $13,905,000
      156,307 SF

      8012 Tacoma Way

      WHOLESALE OUTLET, DISCOUNT STORE • 156,307 SF
      8012 Tacoma Way, Lakewood, WA 98499-4500
      View Details
    • Value Estimation
      $6,410,000
      44,504 SF

      5720 Lakewood Towne Ctr SW Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 44,504 SF
      5720 Lakewood Towne Ctr SW Blvd, Lakewood, WA 98499-5002
      View Details
    • Value Estimation
      $11,685,000
      54,931 SF

      7001 Bridgeport W Way

      WHOLESALE OUTLET, DISCOUNT STORE • 54,931 SF
      7001 Bridgeport W Way, Tacoma, WA 98499-8099
      View Details

    Similar Nearby for Sale

    • $1,097,000

      Fully Occupied Retail Strip Investment

      Three-unit retail strip on Pacific Highway with NNN leases.
      12134 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $1,035,000
      5,192 SF

      Lakewood Commercial Center Investment

      Fully leased NNN investment property in Lakewood, Washington.
      12930 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $10,380,000

      Lakewood Square Retail Center

      Multi-tenant shopping center anchored by Goodwill with long-term lease.
      6000-6010 Mount Tacoma Dr SW, Lakewood, WA 98499
      View Details
    • $395,000
      8,185 SF

      Lakewood Developable Land For Sale

      Developable land in a bustling retail corridor, ideal for drive-through.
      9120 Bridgeport Way SW, Tacoma, WA 98499
      View Details
    • $559,000
      2,800 SF

      Lakewood Retail Investment Opportunity

      Retail property in high-traffic Lakewood location with versatile layout.
      10601 Gravelly Lake Dr SW, Lakewood, WA 98499
      View Details
    • $395,000
      0.19 Acres

      Bridgeport Way Corner Lot

      Prime Tacoma QSR Land, High Visibility
      9120 Bridgeport Way, Tacoma, WA 98499
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      51,580 SF

      Historic Building at Busy Intersection

      Iconic retail property with high visibility on a busy corner.
      9514 Gravelly Lake Dr SW | Lakewood, Lakewood, WA 98499
      View Details
    • $21 SF/Yr
      9,100 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and convenient access.
      10019 59Th Ave SW, Lakewood, WA 98499
      View Details
    • $19 SF/Yr
      2,700 SF

      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
      8510-8534 S Tacoma Way, Lakewood, WA 98499
      View Details
    • $17 SF/Yr
      2,390 SF

      Retail Space on Custer Rd

      2,390 SF retail space in prime location for lease.
      7402-7406 Custer Rd W, Lakewood, WA 98499
      View Details
    • Contact for pricing
      1,463 SF

      Retail, Medical, Professional Suites

      Retail, medical, and professional suites for lease in Lakewood, WA.
      10009-10011 Bridgeport Way SW, Lakewood, WA 98499
      View Details
    • $20 SF/Yr
      800 SF

      Retail Space with Office Build-Out

      Retail space featuring a high-quality small office build-out.
      8811-8813 Edgewater Dr SW, Lakewood, WA 98499
      View Details
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    Lakewood, WA 98499
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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