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Property profile & analytics
OFF-MARKET
Estimated value
$12,360,000
Outlet malls
6111 Lakewood Towne Ctr Blvd Sw Ste A, Tacoma, WA 98499-6517
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1120107
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,166 SF
Lot
18.65 ac (812,394 SF)
Zoning code
CBD
APN
4002240090
UPID
US90-1120107
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.29M
Comparable Approach
Comparable
$15.65M
Blend (final)
Blend
$12.36M
Owner & transaction history
Properties-lakewood Tc L Lakha · 21 yrs held
Properties-lakewood Tc L Lakha
since 2005
7 recorded transactions
Zoning & alternative use
CBD · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$19.6M
+25.8%
Medical building
$17.1M
+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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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%
$8,980,000
6.5%
$8,290,000
7%
$7,700,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,540,000
Current use
COMMERCIAL (GENERAL)
$19,550,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$17,065,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$12.36M
Range $11.12M – $13.60M · ±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
$427,987
Tax year 2024
Assessed value
$36,706,200
Assessed 2024
Previous assessed
$36,706,200
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$12,800,600
Assessed improvement
$23,905,600
Land market value
$12,800,600
Improvement market value
$23,905,600
Total market value
$36,706,200
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
9
Stories
1
Units
1
Total area
62,166 SF
Lot
18.65 ac (812,394 SF)
Zoning code
CBD
APN
4002240090
UPID
US90-1120107
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Tacoma, WA
Zoning CBD · permitted uses
CBD · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.5M
COMMERCIAL (GENERAL)
Est. value
$19.6M
MEDICAL BUILDING
Est. value
$17.1M
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Units
1
Lot
18.65 ac
Current owner
From public records · entity-resolved
Properties-lakewood Tc L Lakha
Entity
Mailing address
14205 SE 36TH ST STE #215, BELLEVUE, WA 98006-1574
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2018
—
Lakha Properties-lakewood Tc L
—
Grant Deed
related
$38,080,000 · Jpmorgan Chase Bk NA
Jan 9, 2018
—
Safeway INC
—
Loan Modification
related
—
Jun 23, 2014
—
Apple Washington LLC
—
Loan Modification
related
$622,000,000 · Bank Of America
Feb 5, 2013
—
Apple Washington LLC
—
Deed Of Trust
related
$488,386,996 · Bank Of America
May 10, 2011
—
Apple Wa LLC
—
Deed Of Trust
related
$320,000,000 · Bank Of America
Apr 15, 2005
$30,215,033
Properties-lakewood Tc L Lakha
Mbk Northwest LLC
Deed Of Trust
related
$25,200,000 · J P Morgan Chase Bank
—
—
Saars INC
—
Deed Of Trust
related
—
—
—
Safeway INC
—
Deed Of Trust
related
—
—
—
Apple Washington LLC
—
Deed Of Trust
related
$395,000,000 · Bank Of America
—
—
Lakha Properties-lakewood Tc L
—
Deed Of Trust
related
$35,000,000 · Citibank
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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