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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Retail space
8302 Tacoma Way Lakewood, WA 98499-4507
Trust Owned
6-yr Hold
Free & Clear
Property ID
US90-0723561
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
WOOD FRAME
Total area
9,329 SF
Lot
1.04 ac (45,302 SF)
Zoning code
C2
APN
220361046
UPID
US90-0723561
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
-
Farmers Insurance - Maribel Ruvalcaba Sandoval Insurance Agency
-
Artes Marciales Munoz Training Center Sports School
-
Golden Plaza LLC Property Investment Company Shopping Mall
-
Panache Nails & Waxing Nail Salon
-
Maritza's Beauty College Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.34M
Owner & transaction history
Lee Family Living Trust · 6 yrs held
Lee Family Living Trust
since 2019
6 recorded transactions
Zoning & alternative use
C2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks
Zone name
Commercial 2
General category
COMMERCIAL
Zone area
295.24 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%
$1,350,000
6.5%
$1,245,000
7%
$1,155,000
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$144 / 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
$18,499
Tax year 2024
Assessed value
$1,612,100
Assessed 2024
Previous assessed
$1,612,100
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$627,400
Assessed improvement
$984,700
Land market value
$627,400
Improvement market value
$984,700
Total market value
$1,612,100
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
2007
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
8
Bathrooms
1
Total area
9,329 SF
Lot
1.04 ac (45,302 SF)
Zoning code
C2
APN
220361046
UPID
US90-0723561
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Lakewood, WAZoning C2 · permitted uses
C2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks
Zone name
Commercial 2
General category
COMMERCIAL
Zone area
295.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
8
Bathrooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Lee Family Living Trust
Trust
Free & Clear · 6 yrs held
Mailing address
751 112TH ST S, TACOMA, WA 98444-5674
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2019
—
Lee Family Living Trust
Hae W Lee
Quit Claim Deed
related
—
Jun 16, 2015
$750,000
Hae W Lee
First Svgs Bk Nw
Grant Deed
—
Jun 16, 2015
—
First Svgs Bk Nw
Hui & Hui LLC
Trustees Deed
related
—
Mar 6, 2013
—
Svgs Bk Nw First
Hui & Hui LLC
Deed In Lieu Of Foreclosure
—
Mar 13, 2006
—
Hui & Hui LLC
Hui Chen Chang
Quit Claim Deed
related
$1,100,000 · Executive House INC
Feb 23, 2006
—
Hui M Jong
Jong,hui M
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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