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Property profile & analytics
OFF-MARKET
Retail space
7609 Steilacoom SW Blvd, Lakewood, WA 98498-6199
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-1520879
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
WOOD FRAME
Total area
9,833 SF
Lot
0.59 ac (25,730 SF)
Zoning code
NC2
APN
5029500010
UPID
US90-1520879
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
-
Dr. Karen Yee-Lo, DMD Dental Office
-
Pizza Hut Take-out & Catering
-
LadyGrind Ink Tattoo & Piercing Shop
-
Dr. John Lo Dental Office
-
Liposnatch.com Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Steilacoom Group LLC · 5 yrs held
Steilacoom Group LLC
since 2020
Last sale
$158,378
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,615
Tax year 2024
Assessed value
$1,488,500
Assessed 2024
Previous assessed
$1,488,500
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$470,300
Assessed improvement
$1,018,200
Land market value
$470,300
Improvement market value
$1,018,200
Total market value
$1,488,500
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
1986
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
9,833 SF
Lot
0.59 ac (25,730 SF)
Zoning code
NC2
APN
5029500010
UPID
US90-1520879
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
Buildings
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Steilacoom Group LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7609 STEILACOOM BLVD SW STE 300A, LAKEWOOD, WA 98498-6199
Mailing matches property
Yes
Owner-occupied
Yes
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
Jul 24, 2020
$158,378
Steilacoom Group LLC
James R Masewicz
Warranty Deed
—
May 19, 2020
—
City Of Lakewood
Steilacoom Group LLC
Warranty Deed
—
May 25, 2018
$160,580
James R Masewicz
Steilacoom Group LLC
Warranty Deed
—
Nov 30, 2005
$2,350,000
Steilacoom Group LLC
Sim,andrew S & Angie E
Warranty Deed
$1,527,500 · Key Bank NA
May 31, 2002
$1,200,000
Andrew S Sim
Kim,young I & Jae K
Grant Deed
$775,000 · Charter Bank
Sep 1, 1994
$2,200,000
Young I Kim
Vincent,edward L
Grant Deed
—
—
—
Steilacoom Group LLC
—
Deed Of Trust
related
$1,575,000 · Harborstone Cu
—
—
Young Kim
—
Deed Of Trust
related
$1,100,000 · First Mutual Savings 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.
Try Rey
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