Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7609 Steilacoom SW Blvd Lakewood, WA 98498-6199

    • Commercial real estate
    • 0.51 lot acres
    OFF-MARKET
    Value Estimation
    $195,000
    Last Sale
    Jul 24, 2020
    $158,378
    Location Intelligence
    Property ID
    US90-1377717
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Karen Yee-Lo, DMD / Pediatric Dentist / Dentist
    • Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
    • LadyGrind Ink / Tattoo Artist
    • Dr. John Lo / Dentist
    • Liposnatch.com / Spa

    Property Details for 7609 Steilacoom SW Blvd

    Lot size
    0.51 lot acres
    Zone code
    NC2
    Property type
    Commercial real estate
    APN
    5029500020
    APU
    5029500020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $230,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $210,000
      Mixed-Use
      $260,000
      Hospitality
      $240,000
      Educational
      $230,000
      Residential Income
      $230,000
      Energy
      $220,000
      Income-Based Land
      $270,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.539
    Latitude
    47.1789
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,690
    $403,400
    $0.00
    $403,400
    -
    $403,400
    $0.00
    $403,400

    Comparable in this City

    • Value Estimation by Request

      15515 Maas Ln

      Land
      15515 Maas Ln, Lakewood, WA 98498
      View Details
    • Value Estimation by Request
      0.24 Acres

      14718 Union Ave

      Commercial real estate • 0.24 Acres
      14718 Union Ave, Lakewood, WA 98498
      View Details
    • Value Estimation by Request
      24,782 SF

      8123 Steilacoom Blvd

      Retail properties • 24,782 SF
      8123 Steilacoom Blvd, Lakewood, WA 98498
      View Details
    • Value Estimation by Request
      0.06 Acres

      8102 Zircon SW Dr

      RECREATIONAL, ENTERTAINMENT • 0.06 Acres
      8102 Zircon SW Dr, Lakewood, WA 98498-5120
      View Details
    • Value Estimation by Request
      28.59 Acres

      Lakewood, WA 98498

      RECREATIONAL, ENTERTAINMENT • 28.59 Acres
      Lakewood, WA 98498
      View Details
    • Value Estimation by Request
      0.05 Acres

      8102 Maple SW St

      VACANT COMMERCIAL LAND • 0.05 Acres
      8102 Maple SW St, Tacoma, WA 98498-2213
      View Details

    Similar Nearby for Sale

    • $680,000
      0.21 Acres

      Lakewood Restaurant - Turnkey Opportunity

      Established eatery, high traffic area, motivated seller.
      15029 Thorne Ln, Lakewood, WA 98498
      View Details
    • $529,000
      2,160 SF

      Updated Office Building with Suites

      Centrally located office building with income potential and flexible layout.
      14718 Union Ave SW, Lakewood, WA 98498
      View Details
    • Contact for pricing
      34,531 SF

      Lost Lake Forest Apartments

      Luxury Tacoma Apartments: 42 Units
      7907 Washington Blvd, Tacoma, WA 98498
      View Details
    • $1,400,000

      Lakewood Land with I-5 Visibility

      Commercial land with I-5 visibility and development potential.
      15515 Maas Ln SW, Lakewood, WA 98498
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      4,795 SF

      Retail Space in Anchored Center

      Retail space available in Lakewood shopping center.
      8101 Steilacoom Blvd SW, Lakewood, WA 98498
      View Details
    • Contact for pricing
      3,456 SF

      Retail Building Available for Lease

      Single tenant retail building in Lakewood, available November 2025.
      15404 Union Ave SW, Lakewood, WA 98498
      View Details
    • $16 SF/Yr
      24,782 SF

      Oakbrook Plaza: Retail Space Available

      High-traffic retail center; spaces from 800-4795 sq ft.
      8123 Steilacoom Blvd, Lakewood, WA 98498
      View Details
    • $0.40 SF/Yr
      106,720 SF

      Lakewood Warehouse with Rail Service

      Industrial space in Lakewood with rail service and heavy power.
      4500 92Nd Street Ct SW, Lakewood, WA 98498
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7609 Steilacoom SW Blvd
    Lakewood, WA 98498-6199
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.