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Property profile & analytics
OFF-MARKET
Estimated value
$4,560,000
Strip malls
7304 Lakewood W Dr Lakewood, WA 98499-7919
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-0856243
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
WOOD FRAME
Total area
34,591 SF
Lot
3.12 ac (135,777 SF)
Zoning code
NC2
APN
220268020
UPID
US90-0856243
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
-
Jennifer Ironside Physician
-
Subway Take-out & Catering Catering Service
-
GLO Skincare Hair Salon Nail Salon
-
Blendful Restaurant
-
Amazon Counter - LC Tech Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.56M
Owner & transaction history
Dcl Meadow Park LLC · 20 yrs held
Dcl Meadow Park LLC
since 2005
7 recorded transactions
Zoning & alternative use
NC2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$5,765,000
6.5%
$5,320,000
7%
$4,940,000
Blend value · Realmo final
$4.56M
Range $4.10M – $5.02M · ±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
$132 / 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
$72,539
Tax year 2024
Assessed value
$6,086,300
Assessed 2024
Previous assessed
$6,086,300
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,630,600
Assessed improvement
$3,455,700
Land market value
$2,630,600
Improvement market value
$3,455,700
Total market value
$6,086,300
Applied tax rate
764.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
34,591 SF
Lot
3.12 ac (135,777 SF)
Zoning code
NC2
APN
220268020
UPID
US90-0856243
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2 · Lakewood, WA
Zoning NC2 · permitted uses
NC2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
3.12 ac
Current owner
From public records · entity-resolved
Dcl Meadow Park LLC
Entity
Mailing address
11251 120TH AVE NE STE #213, KIRKLAND, WA 98033-4538
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
—
Dcl Meadow Park LLC
—
Deed
related
$3,770,000 · East West Bk
May 9, 2018
—
Dcl Meadow Park LLC
—
Deed
related
$2,000 · Cathay Bk
Feb 1, 2018
—
Dcl Meadow Park LLC
—
Deed
related
$765,000 · Rain City Cap
Sep 22, 2005
$4,220,000
Dcl Meadow Park LLC
Meadow Park Plaza LLC
Warranty Deed
$3,225,000 · Intervest Mortgage Co LLC
Apr 30, 1999
$39,090
Meadow Park Plaza LLC
Meadow Park Plaza Associates
Grant Deed
related
$161,377 · Tax Deferred Exchange Service
Nov 6, 1992
$1,750,000
Stamford Court Partners
Unknown
Grant Deed
—
—
—
Stamford Court Partners
—
Deed Of Trust
related
$750,000 · Columbia State Bank
—
—
Dcl Meadow Park LLC
—
Deed Of Trust
related
$3,770,000 · East West Bk
—
—
Dcl Meadow Park LLC
—
Deed Of Trust
related
$2,600,000 · Readycap Com'l
—
—
Dcl Meadow Park LLC
—
Deed Of Trust
related
$765,000 · Rain City Cap
—
—
Dcl Meadow Park LLC
—
Deed Of Trust
related
$2,000 · Cathay Bk
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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