Individually Owned Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,355 SF
Lot
0.98 ac (42,860 SF)
Zoning code
C2
APN
9003780050
UPID
US90-3258352
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Law Firm
-
Alternative Medicine Practice
-
Ophthalmologist (Bike/Boat/Book/etc) Store
-
Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.01M
Owner & transaction history
since 2021
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
C2 · Lakewood, WA
Zoning description
The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.01M
Value range
$1.80M – $2.21M
±10% around blend
Estimated value / SF
$150 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$1.80M
blend $2.01M
$2.21M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,355 SF
Lot area
0.98 ac
Year built
1988
Stories
1
APN
9003780050
Zoning
C2
Assessed value
$2,793,300
Annual tax
$31,140
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.06M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.23M
@ 6.5% CAP return
$2.06M
@ 7% CAP return
$1.91M
4
Sales comparison
Partial preview
Sales approach indication
$3.40M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.0 mi away · 12,960 SF
20.7 mi away · 11,502 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.01M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 68 sales
$426
-65%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $150/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
6.70%
Implied, in-place cap rate for this strip malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.70%
9.0%
NOI (est.)
$121k *
Last sale · May 2021
$1.73M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.81M
Move the market yield to see immediate price impact.
Value / SF
$135
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.20%6.70%7.20%
$109k
$1.76M
$1.63M
$1.51M
$121k
$1.95M
$1.81M
$1.68M
$133k
$2.15M
$1.99M
$1.85M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$3.65M
2.4 mi · May 2026 · $244/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$31,140
Tax year 2024
Assessed value
$2,793,300
Assessed 2024
Previous assessed
$2,793,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,405,500
Assessed improvement
$1,387,800
Land market value
$1,405,500
Improvement market value
$1,387,800
Total market value
$2,793,300
Applied tax rate
760.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
4
Total area
13,355 SF
Lot
0.98 ac (42,860 SF)
Zoning code
C2
APN
9003780050
UPID
US90-3258352
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
Zoning description
The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
4
Lot
0.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C2
COMMERCIAL
Jurisdiction
Lakewood, WA
Recorded code
C2
Official district
C2
Official district profile
What the municipal code says about C2
Zoning description
The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Lakewood, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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