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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Drive through restaurants
8814 Tacoma Way, Lakewood, WA 98499-4578
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3282108
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Construction
WOOD FRAME
Total area
2,340 SF
Lot
0.41 ac (17,780 SF)
Zoning code
C2
APN
220364094
UPID
US90-3282108
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
-
Jack in the Box Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.63M
Owner & transaction history
Igk LLC · 4 yrs held
Igk LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
C2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,785,000
ML approach
$1,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,080,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$995,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.54M (Nov 16 2021)
Last sale anchor
$1.54M
Nov 16 2021
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
$697 / 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
$12,397
Tax year 2024
Assessed value
$1,120,400
Assessed 2024
Previous assessed
$1,120,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$670,000
Assessed improvement
$450,400
Land market value
$670,000
Improvement market value
$450,400
Total market value
$1,120,400
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,340 SF
Lot
0.41 ac (17,780 SF)
Zoning code
C2
APN
220364094
UPID
US90-3282108
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Lakewood, WA
Zoning C2 · permitted uses
C2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$995,000
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Igk LLC
Entity
Mailing address
9357 SPECTRUM CTR BLVD, SAN DIEGO, CA 92123-1444
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2021
$1,540,000
Igk LLC
Churl Assets LLC
Warranty Deed
—
Nov 13, 2020
$1,400,000
Churi Assets LLC
Robert Weatherby JR
Special Warranty Deed
$700,000 · Unibank
Nov 13, 2020
—
Weatherby,r & T Family Trust
Lakewood Jitb Ptshp
Quit Claim Deed
related
—
Apr 10, 2003
$1,055,000
Steven B Crossland
Crossland,tr
Grant Deed
related
—
Dec 10, 2002
$9,022
Jack INC The Box INC
Hana Investments INC
Grant Deed
—
Apr 1, 2002
$2,825,000
Hana Investments INC
South Tacoma Plaza LLC
Grant Deed
$2,115,750 · Pacific Northwest Bank
Jun 30, 1998
$6,195,000
South Tacoma Plaza Associates
Seafirst Bank
Grant Deed
$5,200,000 · Us Bank
Nov 27, 1995
—
Seattle-first National Bank
South Tacoma Associates LP
Grant Deed
related
—
—
—
Lakewood Jitb Patrnership
—
Deed Of Trust
related
$510,000 · Montecito Bank & Trust
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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