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    Property profile & analytics

    8718 Tacoma Way Lakewood, WA 98499-4597

    • Strip malls
    • 13,355 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimation
    $1,870,000
    Last Sale
    May 20, 2021
    $1,730,000
    Location Intelligence
    Property ID
    US90-3258352
    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

    • Pia General Insurance / Insurance Agency
    • Themis Law / Attorney
    • Aroma & Thermal Health Care / Alternative Medicine Practitioner
    • Bae Optical / Optician / Optometrist
    • 西雅图塔克马按摩店 / Corporate Office

    Property Details for 8718 Tacoma Way

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.98 lot acres
    Property size
    13,355 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    9003780050
    APU
    9003780050

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,005,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,560,000
      6.5%
      $1,855,000
      7%
      $1,710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,660,000
      Geo Method
      $1,490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,545,000
      Retail
      $1,855,000
      Mixed-Use
      $1,725,000
      Hospitality
      $1,645,000
      Educational
      $1,530,000
      Residential Income
      $1,910,000
      Energy
      $1,875,000
      Income-Based Land
      $1,485,000
      Food Service
      $1,470,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.485
    Latitude
    47.1787
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $31,140
    $1,405,500
    $1,387,800
    $2,793,300
    -
    $1,405,500
    $1,387,800
    $2,793,300

    Comparable in this City

    • Value Estimation by Request
      28,680 SF

      6020 Main SW St

      SHOPPING CENTER, STRIP CENTER • 28,680 SF
      6020 Main SW St, Tacoma, WA 98499-6506
      View Details
    • Value Estimation by Request
      3,940 SF

      10822 Pacific SW Hwy

      SHOPPING CENTER, STRIP CENTER • 3,940 SF
      10822 Pacific SW Hwy, Tacoma, WA 98499
      View Details
    • Value Estimation
      $3,740,000
      15,000 SF

      9312 Tacoma Way

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      9312 Tacoma Way, Tacoma, WA 98499-4403
      View Details
    • Value Estimation by Request
      10,111 SF

      9115 Tacoma Way

      SHOPPING CENTER, STRIP CENTER • 10,111 SF
      9115 Tacoma Way, Tacoma, WA 98499-4400
      View Details
    • Value Estimation by Request
      15,280 SF

      11430 Bridgeport SW Way

      SHOPPING CENTER, STRIP CENTER • 15,280 SF
      11430 Bridgeport SW Way, Lakewood, WA 98499
      View Details
    • Value Estimation by Request
      34,591 SF

      7304 Lakewood W Dr

      SHOPPING CENTER, STRIP CENTER • 34,591 SF
      7304 Lakewood W Dr, Lakewood, WA 98499-7919
      View Details

    Similar Nearby for Sale

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      Unique mid-century modern building suitable for retail or office use.
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    • $395,000
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      Prime Tacoma QSR Land, High Visibility
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    Similar Nearby for Lease

    • $1,695 /Mo
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      Retail Storefront in Prime Location

      Retail space in Lakewood with high potential and flexible zoning.
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    • $19 SF/Yr
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      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
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    • $21 SF/Yr
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      Retail Space in High-Traffic Area

      Retail space with high visibility and convenient access.
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    • $17 SF/Yr
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      Retail Space on Custer Rd

      2,390 SF retail space in prime location for lease.
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    • $20 SF/Yr
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      Historic Building at Busy Intersection

      Iconic retail property with high visibility on a busy corner.
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    • $24 SF/Yr
      19,640 SF

      Retail Space in Lakewood, WA

      Retail property available for lease in Lakewood, Washington.
      10222 S Tacoma Way, Lakewood, WA 98499
      View Details
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    8718 Tacoma Way
    Lakewood, WA 98499-4597
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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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