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Property profile & analytics
OFF-MARKET
Estimated value
$5,725,000
Outlet malls
6010 Main SW St Lakewood, WA 98499-5012
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2764223
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,702 SF
Lot
2.51 ac (109,336 SF)
APN
4001880101
UPID
US90-2764223
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
Current use
Occupant on record · Public records
-
Furniture World NW Furniture & Home Goods Home Decor Store
-
Lakewood Driver Licensing Office Government Office
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Discount Direct Furniture | Mattresses Furniture & Home Goods Home Decor Store
-
DCYF Lakewood Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
$7.23M
Blend (final)
Blend
$5.73M
Owner & transaction history
State Of Washington · 1 yrs held
State Of Washington
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.0M
+25.8%
Medical building
$7.9M
+9.8%
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%
$4,145,000
6.5%
$3,830,000
7%
$3,555,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,175,000
Current use
COMMERCIAL (GENERAL)
$9,025,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$7,880,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±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
$199 / 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
$103,492
Tax year 2024
Assessed value
$9,355,500
Assessed 2024
Previous assessed
$9,355,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,565,700
Assessed improvement
$6,789,800
Land market value
$2,565,700
Improvement market value
$6,789,800
Total market value
$9,355,500
Applied tax rate
760.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
28,702 SF
Lot
2.51 ac (109,336 SF)
APN
4001880101
UPID
US90-2764223
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$7.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.51 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Free & Clear · 1 yrs held
Mailing address
6725 116TH AVE NE STE #100, KIRKLAND, WA 98033-8455
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
—
State Of Washington
Ljb Ventures LLC
Deed
—
Nov 15, 2023
—
State Of Washington
Ljb Ventures LLC
Lease
—
Feb 28, 2022
—
Ljb Ventures LLC
—
Deed
related
$8,300,000 · Columbia State Bank
Dec 15, 2014
$4,649,719
Ljb Ventures LLC
Bloch Lakewood LLC
Bargain And Sale Deed
$7,400,000 · Kitsap Bank
Jul 12, 2012
$3,950,000
Bloch Lakewood LLC
Union Street Holdings LLC
Grant Deed
$2,850,000 · Randall H Talbot
Feb 14, 2012
$3,159,000
Union Street Holdings LLC
Pivotal Law Group PLLC
Trustees Deed
related
—
—
—
Bloch Lakewood LLC
—
Deed Of Trust
related
$2,865,000 · Union Bk/streator
—
—
Lakewood Center Building LLC
—
Deed Of Trust
related
$700,000 · Byron & Alice Lockwood
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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