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Property profile & analytics
OFF-MARKET
Estimated value
$3,960,000
Retail space
6010 Mt Tacoma SW Dr Lakewood, WA 98499-2726
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0838011
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,240 SF
Lot
3.77 ac (164,221 SF)
Zoning code
CBD
APN
219022226
UPID
US90-0838011
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
-
The Archive Event Center Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.04M
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$3.96M
Owner & transaction history
Buy Rentals LLC · 6 yrs held
Buy Rentals LLC
since 2020
7 recorded transactions
Zoning & alternative use
CBD · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 regional intensity and viability with a local character
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
335.13 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%
$4,370,000
6.5%
$4,035,000
7%
$3,745,000
Blend value · Realmo final
$3.96M
Range $3.56M – $4.36M · ±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
$131 / 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
$60,262
Tax year 2024
Assessed value
$4,952,400
Assessed 2024
Previous assessed
$4,952,400
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,920,900
Assessed improvement
$2,031,500
Land market value
$2,920,900
Improvement market value
$2,031,500
Total market value
$4,952,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
5
Stories
1
Total area
30,240 SF
Lot
3.77 ac (164,221 SF)
Zoning code
CBD
APN
219022226
UPID
US90-0838011
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Lakewood, WAZoning CBD · permitted uses
CBD · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 regional intensity and viability with a local character
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
335.13 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
5
Lot
3.77 ac
Current owner
From public records · entity-resolved
Buy Rentals LLC
Entity
Mailing address
220 EMERALD VIS WAY #800, LAS VEGAS, NV 89144-4145
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Oct 25, 2024
—
Buy Rentals LLC
—
Deed
related
$800,000 · Heritage Southeast Bank
Jan 24, 2020
$4,466,000
Buy Rentals LLC
Lakewood Square LLC
Correction Deed
related
—
Sep 19, 2019
$4,466,000
Buy Rentals LLC
Lakewood Square LLC
Trustees Deed
$400,000 · Heritage Bk
Dec 24, 2003
$2,475,000
Lakewood Square LLC
Meadowcroft,patricia A
Grant Deed
$3,700,000 · Heritage Savings Bank Fsb
—
—
Lakewood Square LLC
—
Deed Of Trust
related
$200,000 · Heritage Bank
—
—
Lakewood Square LLC
—
Loan Modification
related
$3,650,000 · Heritage Bank
—
—
Thomas H Meadowcroft
—
Deed Of Trust
related
$1,025,000 · Northwest Financial
—
—
Lakewood Square LLC
—
Deed Of Trust
related
$300,000 · Heritage Bank
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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