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    Property profile & analytics

    8825 Gravelly Lk SW Dr Lakewood, WA 98499

    • Industrial properties
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Jan 23, 2023
    $3,700,000
    Value Estimations
    $3,520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0777458
    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

    • Industrial properties

    Property Details for 8825 Gravelly Lk SW Dr

    Year built
    1962
    Construction
    WOOD FRAME
    Lot size
    0.52 lot acres
    Zone code
    NC2
    Property type
    Industrial properties
    APN
    220358008
    APU
    220358008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,350,000
      ML approach
      $3,320,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.509
    Latitude
    47.1761
    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
    $4,984
    $412,200
    $13,100
    $425,300
    -
    $412,200
    $13,100
    $425,300

    Comparable in this City

    • Value Estimation
      $610,000
      1,832 SF

      10026 Sales S Rd

      CONSTRUCTION/CONTRACTING SERVICES • 1,832 SF
      10026 Sales S Rd, Tacoma, WA 98499-8771
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    • Value Estimation by Request
      0.37 Acres

      10801 Pacific SW Hwy

      CONSTRUCTION/CONTRACTING SERVICES • 0.37 Acres
      10801 Pacific SW Hwy, Tacoma, WA 98499-4639
      View Details
    • Value Estimation by Request
      0.57 Acres

      9810 40th SW Ave

      CONDOMINIUMS (INDUSTRIAL) • 0.57 Acres
      9810 40th SW Ave, Lakewood, WA 98499-4317
      View Details
    • Value Estimation by Request
      0.91 Acres

      10904 26th S Ave

      CONSTRUCTION/CONTRACTING SERVICES • 0.91 Acres
      10904 26th S Ave, Lakewood, WA 98499-8881
      View Details
    • Value Estimation by Request
      1.01 Acres

      59th W Ave

      CONSTRUCTION/CONTRACTING SERVICES • 1.01 Acres
      59th W Ave, Lakewood, WA 98499
      View Details
    • Value Estimation by Request
      1,832 SF

      9001 Tacoma Way

      CONSTRUCTION/CONTRACTING SERVICES • 1,832 SF
      9001 Tacoma Way, Lakewood, WA 98499-4441
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,896 SF

      Industrial Space in Lakewood

      Industrial property available for lease in Lakewood, Washington.
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    • $1,650,000
      103,672 SF

      Lakewood Land Ready for Redevelopment

      2.38 acres in Lakewood, ideal for industrial redevelopment.
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      Paved, Fenced Lakewood Industrial Property

      Versatile industrial property with live/work potential in Lakewood, Washington.
      3817 94Th St SW, Lakewood, WA 98499
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    • $1,609,950
      1,260 SF

      Lakewood Industrial Property with Versatile Buildings

      Paved, fenced property with two buildings in Lakewood's industrial area.
      3819 94Th St SW, Lakewood, WA 98499
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    • $1,999,950
      2,410 SF

      Versatile Industrial Property in Lakewood

      Paved, fenced property with three buildings in Lakewood's industrial area.
      3817 94Th St SW, Lakewood, WA 98499
      View Details
    • $6,500,000

      Lakewood Industrial Site For Sale

      Industrial site with warehouse, yard, and I-5 frontage.
      10807 Pacific Hwy S, Lakewood, WA 98499
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,396 SF

      Lakewood Industrial Space Available

      Industrial property available for rent in Lakewood, Washington.
      3020-3102 96Th St S, Lakewood, WA 98499
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    • Contact for pricing

      Industrial Single Tenant Space

      50,218 SqFt industrial space available for rent.
      8605 34Th Ave S, Lakewood, WA 98499
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    • Contact for pricing
      100,178 SF

      Industrial Property with Large Yard

      Industrial space for rent with a large yard area.
      11013-11015 Pacific Hwy SW, Lakewood, WA 98499
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    • Contact for pricing
      5,880 SF

      Lakewood Flex Space Available

      5,880 SF flex space with high visibility and great access.
      11304 Steele St S, Lakewood, WA 98499
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    • Contact for pricing
      8,675 SF

      Industrial Space Near I-5 & SR-512

      2,500 SF warehouse/distribution space in Lakewood, WA available for lease.
      9316 Lakeview Ave SW, Lakewood, WA 98499
      View Details
    • Contact for pricing
      10,000 SF

      Warehouse with Freeway Access

      Sublease opportunity with excellent location and easy freeway access.
      4425 100Th St SW, Lakewood, WA 98499
      View Details
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    8825 Gravelly Lk SW Dr
    Lakewood, WA 98499
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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