Property profile

5700 100Th St SW Lakewood, WA 98499

FOR LEASE
Retail space
Property ID
US90-1433284
89,168 SF 7.43 ac lot Built 1997
Entity Owned 23-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 5700 100th St SW in Lakewood, Washington, within Pierce County (zip code 98499). The Lakewood Pavilion offers a total of 91,242 square feet of commercial space, currently featuring multiple tenants. A highly desirable 4,500 square feet of vacant space is immediately available, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 2,000 square feet. This presents a fantastic chance for businesses seeking a flexible and adaptable retail footprint. The property boasts ample parking with 376 stalls, ensuring convenient access for customers and employees. The location in Lakewood offers excellent visibility and accessibility, making it an ideal spot to establish or expand a retail operation. This property is categorized as retail commercial space and is ready for immediate occupancy. The latitude and longitude coordinates are 47.1664444 and -122.511673 respectively. Don't miss this chance to secure a prime retail space in a thriving Lakewood community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 89,168 SF
Lot 7.43 ac (323,651 SF)
Zoning code CBD
APN 219021064
UPID US90-1433284

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Pet Store
  • General Contractor Renovation Specialist
  • General Contractor
  • Building Inspector
  • Shopping Center & Mall

Location

5700 100Th St SW Lakewood, WA 98499
Lakewood metro Census 71901 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.89M
Comparable Approach Comparable
$16.64M
Blend (final) Blend
$14.15M

Owner & transaction history

since 2003
5 recorded transactions
2020
Price N/A
2013
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CBD · Lakewood, WA
Zoning description

The Central Business District zoning district is the primary retail, office, social, urban residential, and government center of the City The complementary and interactive mixture of uses and urban design provides for a…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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