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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
7307 Steilacoom SW Blvd Lakewood, WA 98499-1950
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-0889504
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1946
Construction
WOOD FRAME
Total area
4,133 SF
Lot
0.28 ac (12,174 SF)
Zoning code
ARC
APN
220341155
UPID
US90-0889504
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
-
Lakewood Veterinary Hospital Veterinary Clinic
-
Wright Charles L DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$520k
Owner & transaction history
Wright Wright Wright LLC · 8 yrs held
Wright Wright Wright LLC
since 2018
1 recorded transaction
Zoning & alternative use
ARC · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Arterial Residential and Commercial zoning district provides for continuance of residential uses, many of which are existing, along busy City streets while permitting the incorporation of low intensity and low impact commercial uses into these compact areas
Zone name
Arterial Residential Commercial
General category
COMMERCIAL
Zone area
21.06 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$126 / 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
$3,204
Tax year 2024
Assessed value
$280,600
Assessed 2024
Previous assessed
$280,600
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$150,200
Assessed improvement
$130,400
Land market value
$150,200
Improvement market value
$130,400
Total market value
$280,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1946
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
4,133 SF
Lot
0.28 ac (12,174 SF)
Zoning code
ARC
APN
220341155
UPID
US90-0889504
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
ARC · Lakewood, WAZoning ARC · permitted uses
ARC · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Arterial Residential and Commercial zoning district provides for continuance of residential uses, many of which are existing, along busy City streets while permitting the incorporation of low intensity and low impact commercial uses into these compact areas
Zone name
Arterial Residential Commercial
General category
COMMERCIAL
Zone area
21.06 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1946
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Wright Wright Wright LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7307 STEILACOOM BLVD SW, LAKEWOOD, WA 98499-1950
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2018
—
Wright Wright Wright LLC
Wright,roy P & Sharon L
Quit Claim Deed
related
—
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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