Financial
Distress signals
Property profile

8605 34Th Ave S Lakewood, WA 98499

FOR LEASE
Other warehouses
Property ID
US90-0928253
31,376 SF 9.8 ac lot Built 1963
Last sale Jan 2020 · $3,672,976
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 50,218-square-foot warehouse is located in Lakewood with convenient access to I-5 via three interchanges within 2 miles. The building is constructed with concrete tilt-wall and has a 32-foot clear height. It is equipped with an ESFR sprinkler system and includes nine dock-high doors plus one drive-in door. The property also contains approximately 1,564 square feet of office space. Site amenities include space for up to 10 trailer stalls, and a truck scale is located on-site. The property is zoned Air Corridor 2 within the City of Lakewood.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$264k
Tax billed · 2024
Assessed value$23.41M
Assessed land$6.50M
Assessed improvement$16.91M
Effective rate1.13%

Value estimate

· Sep 2026
$7.35M
$6.62M – $8.09M
CAP approach$5.90M
Submarket $/SF estimate$7.48M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$153/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$54 – $239
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
AC2
The purpose of Air Corridor 2 zoning districts is to promote land use and development that is compatible with the aircraft noise and acci...
General categoryUNKNOWN
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.2
Parking Facility10.8
Gym & Fitness9.4

Location

8605 34Th Ave S Lakewood, WA 98499
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8607 Durango SW, Tacoma, WA 98499-4433 $9,500,000 Jul 2024 47,500 SF
2520 112th S, Lakewood, WA 98499-8891 $3,380,000 Dec 2022 19,200 SF
10029 Tacoma, Lakewood, WA 98499-5199 $680,267 Oct 2022 23,488 SF
10107 Tacoma, Lakewood, WA 98499-4664 $680,267 Oct 2022 22,364 SF
10109 Tacoma, Lakewood, WA 98499-4665 $680,267 Oct 2022 19,900 SF
2916 107th S, Lakewood, WA 98499-1636 $7,360,000 Jan 2022 35,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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