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Property profile & analytics
OFF-MARKET
Commercial land
8232 Washington SW Blvd Lakewood, WA 98498-5437
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-1568613
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.25 ac (10,800 SF)
Zoning code
MR2
APN
4310000050
UPID
US90-1568613
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Greater Love Church Of God In Chris · 21 yrs held
Greater Love Church Of God In Chris
since 2005
3 recorded transactions
Zoning & alternative use
MR2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Mixed Residential 1 and Mixed Residential 2 zoning districts promote residential renewal to small lot detached single family residential dwellings, attached single family dwellings, and two family residential development Small scale multifamily residential is permitted in the MR2 zone
Zone name
Mixed Residential 2
General category
RESIDENTIAL
Zone area
203.03 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
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
$376
Tax year 2024
Assessed value
$181,700
Assessed 2024
Previous assessed
$181,700
+0.0% YoY
Effective rate
0.21%
On assessed value
Assessed land
$181,700
Land market value
$181,700
Total market value
$181,700
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.25 ac (10,800 SF)
Zoning code
MR2
APN
4310000050
UPID
US90-1568613
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MR2 · Lakewood, WAZoning MR2 · permitted uses
MR2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Mixed Residential 1 and Mixed Residential 2 zoning districts promote residential renewal to small lot detached single family residential dwellings, attached single family dwellings, and two family residential development Small scale multifamily residential is permitted in the MR2 zone
Zone name
Mixed Residential 2
General category
RESIDENTIAL
Zone area
203.03 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Greater Love Church Of God In Chris
Entity
Mailing address
8222 WASHINGTON BLVD SW, LAKEWOOD, WA 98498-5437
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2005
$740,000
Greater Love Church Of God In Chris
James Jacobs
Warranty Deed
$518,000 · Us Bank NA
—
—
James Jacobs
—
Deed Of Trust
related
$60,923 · Key Bank NA
—
—
James Jacobs
—
Deed Of Trust
related
$31,874 · Key Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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