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Property profile & analytics
OFF-MARKET
Office Spaces
9126 Gravelly Lk SW Dr, Lakewood, WA 98499-3112
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0863122
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1940
Construction
WOOD FRAME
Total area
1,252 SF
Lot
0.24 ac (10,360 SF)
Zoning code
CBD
APN
5130001370
UPID
US90-0863122
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
-
Dana Reinking: Allstate Insurance Insurance Agency
-
Allstate Personal Financial Representative: Samuel Edwards Financial Advisor
-
Leta Hankins: Allstate Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Paul J Landry PLLC · 1 yrs held
Paul J Landry PLLC
since 2025
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
CBD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,330
Tax year 2024
Assessed value
$455,700
Assessed 2024
Previous assessed
$455,700
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$281,300
Assessed improvement
$174,400
Land market value
$281,300
Improvement market value
$174,400
Total market value
$455,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1940
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,252 SF
Lot
0.24 ac (10,360 SF)
Zoning code
CBD
APN
5130001370
UPID
US90-0863122
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Lakewood, WA
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1940
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Paul J Landry PLLC
Individual
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
$400,000
Paul J Landry PLLC
Commercial Properties LLC
Warranty Deed
$300,000 · Heritage Southeast Bank
Feb 20, 2024
—
Commercial Properties LLC
Dana M Reinking
Quit Claim Deed
related
—
Feb 7, 2023
—
Dana M Reinking
Dana M Reinking
Intrafamily Transfer
related
—
Nov 6, 2017
$334,719
Dana M Reinking
Hi Tee LLC
Warranty Deed
$240,000 · Us Bank NA
Sep 25, 2012
$279,000
Hi-tee LLC
Bg Olson Northwest LLC
Warranty Deed
$179,000 · Tapco Cu
Jun 6, 2007
—
B G Olson Northwest LLC
Olson,bjorn G
Quit Claim Deed
related
—
—
—
Bjorn G Olson
—
Deed Of Trust
related
—
—
—
B G Olson Northwest LLC
—
Deed Of Trust
related
$190,000 · Bart L Adams
—
—
Bjorn G Olson
—
Deed Of Trust
related
$230,000 · Northwest Commercial Bank
—
—
Bjorn G Olson
—
Deed Of Trust
related
$231,303 · Columbia State Bank
—
—
B G Olson Northwest LLC
—
Deed Of Trust
related
$599,138 · Northwest Commercial Bank
—
—
Bjorn G Olson
—
Deed Of Trust
related
$165,000 · Seattle-first National Bank
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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