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    Property profile & analytics

    8606 34Th Ave Lakewood, WA 98499

    • Commercial real estate
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-0851964
    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

    • Commercial real estate

    Property Details for 8606 34Th Ave

    Year built
    1941
    Lot size
    0.21 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.21-acre property at 8606 34th Avenue S in Lakewood, WA, presents a unique investment opportunity. Priced at $385,000, this general commercial property boasts a recently remodeled building with significant potential for diverse uses. Currently configured as a three-bedroom, one-bathroom residence with a combined kitchen and family room, it's ideally suited for conversion into a commercial space. The AC2 zoning allows for a wide range of commercial applications, making it an attractive option for entrepreneurs and investors alike. The property's recent renovations are extensive, including new double-pane windows, electrical system, plumbing, and siding. The structure was completely gutted and rebuilt as part of a full remodel. A large detached garage, while requiring some attention, adds further utility. The fully fenced lot offers ample space for RV parking or additional vehicles. Its prime location provides easy access to Tacoma Way and Interstate 5, ensuring high visibility and convenient transportation links. Whether used as a rental property, converted into an office, or repurposed for another commercial venture, this property offers substantial returns on investment. The combination of a remodeled building, expansive lot, and strategic location makes this an exceptional opportunity in the thriving Lakewood market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.4812
    Latitude
    47.17888

    Comparable in this City

    • $485,000

      Lakewood Office Space: Prime Location

      1,392 sq ft Office + Storage, 6 Parking Spaces
      5920 100Th St, Lakewood, WA 98499
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    • Contact for pricing
      1.23 Acres

      Lakewood Development Land, 1.23 Acres

      Prime Commercial/Residential Lot, Hwy 16 Access
      7505 52Nd Ave, Lakewood, WA 98499
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    • $750,000
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      Lakewood Commercial Corner Lot Investment

      High-traffic location, versatile layout, great potential.
      10601 Gravelly Lake Dr, Lakewood, WA 98499
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    • $1,200,000
      20,043 SF

      Lakewood I-5 Retail Development

      High-visibility commercial land, prime location.
      12221-12311 Pacific Hwy, Lakewood, WA 98499
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    • $1,100,000
      0.34 Acres

      Lakewood Commercial Office Building

      Prime Location, High Visibility, Owner Financing Possible
      9124 Gravelly Lake Dr, Lakewood, WA 98499
      View Details
    • $3,950,000
      14,400 SF

      Medical Campus with Development Potential

      Well-maintained medical campus in Lakewood with development opportunities.
      9101 Bridgeport Way SW, Lakewood, WA 98499
      View Details

    Similar Nearby for Sale

    • $485,000

      Lakewood Office Space: Prime Location

      1,392 sq ft Office + Storage, 6 Parking Spaces
      5920 100Th St, Lakewood, WA 98499
      View Details
    • $1,200,000
      20,043 SF

      Lakewood I-5 Retail Development

      High-visibility commercial land, prime location.
      12221-12311 Pacific Hwy, Lakewood, WA 98499
      View Details
    • $750,000
      0.26 Acres

      Lakewood Commercial Corner Lot Investment

      High-traffic location, versatile layout, great potential.
      10601 Gravelly Lake Dr, Lakewood, WA 98499
      View Details
    • Contact for pricing
      1.23 Acres

      Lakewood Development Land, 1.23 Acres

      Prime Commercial/Residential Lot, Hwy 16 Access
      7505 52Nd Ave, Lakewood, WA 98499
      View Details
    • $1,100,000
      0.34 Acres

      Lakewood Commercial Office Building

      Prime Location, High Visibility, Owner Financing Possible
      9124 Gravelly Lake Dr, Lakewood, WA 98499
      View Details
    • $3,950,000
      14,400 SF

      Medical Campus with Development Potential

      Well-maintained medical campus in Lakewood with development opportunities.
      9101 Bridgeport Way SW, Lakewood, WA 98499
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Office/Medical Space on Steilacoom Blvd

      Well-maintained office/medical space with excellent visibility and access.
      3615 Steilacoom Blvd SW, Lakewood, WA 98499
      View Details
    • $1,695 /Mo
      1,498 SF

      Retail Storefront in Prime Location

      Retail space in Lakewood with high potential and flexible zoning.
      6403 Steilacoom Blvd SW, Lakewood, WA 98499
      View Details
    • $1.15 SF/Yr
      2,315 SF

      Lakewood Flex Space Available Now

      Flex space with office and ground-level door, ready for occupancy.
      10025 S Tacoma Way, Lakewood, WA 98499
      View Details
    • $19 SF/Yr
      2,700 SF

      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
      8510-8534 S Tacoma Way, Lakewood, WA 98499
      View Details
    • $21 SF/Yr
      9,100 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and convenient access.
      10019 59Th Ave SW, Lakewood, WA 98499
      View Details
    • $17 SF/Yr
      2,390 SF

      Retail Space on Custer Rd

      2,390 SF retail space in prime location for lease.
      7402-7406 Custer Rd W, Lakewood, WA 98499
      View Details
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    8606 34Th Ave
    Lakewood, WA 98499
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    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
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